Is Crowd Funding Legit Yet?

Kickstarter announced Tuesday that it passed a major milestone: More than 100,000 projects have been launched on the crowdfunding service. Just under 44% of those projects have been successfully funded, raising a total of $535 million. The vast majority of launched projects are categorized under Film & Video (26,343) with $116 million raised and a 40% success rate. Mashable continues by saying that the rate of funding has increased with pledges tripling in 2012 from the previous year. “If this trend continues, Kickstarter could raise its first $1 billion year in 2013.”

http://mashable.com/2013/05/28/kickstarter-100000-projects/

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About JeffKoeppel

I am a corporate/securities attorney in the Washington, DC area. Prior to joining the firm, I was a Senior Attorney Advisor in the Division of Corporation Finance at the U.S. Securities and Exchange Commission. I am a member of the Bars of the States of Maryland, New York and the District of Columbia. You can also follow this blog on LinkedIn at: http://www.linkedin.com/pub/jeffrey-a-koeppel/0/63/5a9
This entry was posted in Congress, Crowd Fund Act, Crowd Fund Act of 2012, Crowd Funding At the Margins, Crowd Funding Platforms, Film, Funding Portals, Investments, Jobs, Legislative Intent, SEC, Small Business, Venture Capital, Wall Street and tagged , , , , , , , , , , , , , , , , , , , , , , , , . Bookmark the permalink.

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