Crowdfunding Legitimized by Silicon Valley

Crowdfunding has been legitimized in Silicon Valley now by Silicon Valley, the HBO series.

After losing two rich benefactors and discovering that no VC would touch Richard’s “second internet on cellphones” idea, Jared has come up with the idea of pre-selling subscriptions, or crowdfunding.

Long pooh-poohed by the Sand Hill Road types, it appears that the boys in Erlich Bachman’s incubator now have to use the financing of last resort.

It’s a hoot, but it may work.


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 accredited investor, 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, technology, VC, Venture Capital, Wall Street and tagged , , , , , , , , , , , , , , , , . Bookmark the permalink.

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