Crowdfunding has become a buzzword among entrepreneurs, inventors, and the creative community. Impressive growth has occurred during the last couple of years, especially in rewards-based and peer-to-peer lending industries. In 2013 alone, we’ve seen significant progress in legislation regarding equity crowdfunding in the US, specifically in private placements involving accredited investors. While the general public is still learning about the phenomena mostly from articles about Kickstarter success stories, experts are divided into two uneven groups: those (the majority) who praise the great future of crowdfunding and those who expect an ocean of fraud and massive financial losses for unsophisticated investors and backers.
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