Crowdsourcing

Crowdsourcing is also another name for crowdfunding which has been introduced into law by the JOBS Act. Right now the SEC is continuing to develop and tweak the specifics of how the actual fundraising process will work. They will have until Jan. 2013 to make the final adjustments to the rules under the Act. Currently, online platforms will be able to raise up to 1 million dollars while sidestepping many of the strapping regulations which typically hold smaller companies at bay. By easing the regulations and the investor requirements, it will open up a lot of potential capital to smaller companies. Prior to the JOBS Act, most investors were only qualified if they were "accredited." Everybody is standing by to see what the final tweaks will be by the SEC, and a lot of online platforms are waiting in the wings to launch their funding programs. Written by Edward E. Cambas - posted in Wikipedia. Rest assured that I will be posting new info here.