Investing trend for 2014: Equity crowdfunding
Nov 19, 2013
It has been a good year for crowdfunding. The Securities and Exchange Commission lifted the ban on general solicitation, meaning American-based entrepreneurs can advertise publicly that they are looking for investors. A research firm estimates that individuals have raised $5.1 billion on crowdfunding sites this year, nearly twice as much as in 2012. Miguel Palacios, assistant professor of finance, is quoted. The story also ran in Reuters.