Trash Crowdfunding?

The Washington Post’s Outlook section Sunday ran an  opinion piece to get rid of crowdfunding because of the “endless stream of dubious campaigns” that are silly (potato salad), socially worthless (paying for someone’s travel) or not verifiable.

The author wants some assurance that her money will back a successful venture or at least one that has a real business plan and qualified management. She wants management to be required to show how they spent her funds, but no platform requires this.

So, rather than regulate it, she wants to get rid of it. Perhaps the author should just stay with the stock market.

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:
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, Jobs, Legislative Intent, SEC, Small Business, Venture Capital and tagged , , , , , , , , , , , , , , , , , , , , , , . Bookmark the permalink.

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