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May 10, 2018

Crowdfunding no bonanza for startups

  • The crowdfunding industry is hoping that Congress and the SEC change some of the rules.
    AP Business Writer

    NEW YORK — Begun two years ago with some big hopes, the option for small businesses to court investors through crowdfunding hasn't turned into the windfall its supporters predicted.

    “A lot of dollars have been raised in crowdfunding, but it has not been the bonanza people have been expecting,” says David Lavan, a former Securities and Exchange Commission attorney who's now with Dinsmore & Shohl in Washington, D.C.

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