Crowdfunding – Yes, It’s Still Illegal

Photo courtesy of Forbes

There’s been a lot of news about ‘crowdfunding’ lately, even on BizNext, as recently as yesterday. So, for any entrepreneurs planning on crowdfunding their startup we’d like to offer a simple reminder: it’s still illegal.
That is, it’s illegal in the sense that you can’t exchange equity for investments the way would-be authors exchange promises of signed books and shout-outs in the acknowledgments for small donations on Kickstarter. Read more on St. Louis Business Journal.

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