The key difference between Crowdfunder and existing sites such as Kickstarter and IndieGoGo is that Crowdfunder wants to facilitate the kind of equity-based funding where investors get an actual stake in the company, rather than provide donations. For many years, only accredited investors have been allowed perform equity investing in private companies — and to receive accreditation, individuals must meet certain criteria such as having a net worth in excess of $1 million. The JOBS Act signed into law [recently] contains passages that remove that restriction, allowing virtually anyone to invest in private companies.
But: The crowdfunding portion of the JOBS Act has not taken effect yet — the Securities and Exchange Commission is still reviewing it — so the old standards requiring equity investors to be accredited still stand today. That means that Crowdfunder.com is not yet able to do what it aims to do.
http://techcrunch.com/2012/05/24/crowdfunder-seed-funding-beta-launch-contests/This is the topic which was discussed at last night’s Jelly by Andy White and especially by Chance Barnett, https://www.facebook.com/chanceb of Crowdfunders, see for example, http://techcrunch.com/2012/05/24/crowdfunder-seed-funding-beta-launch-contests/ ; Crowdfunders is working VERY closely with The Vegas Tech fund partners and is currently conducting a large contest which is offering $500K to potential Las Vegas StartUps: http://www.crowdfunder.com/crowdstart-las-vegas
See on techcrunch.com
