Crowdfunding a global phenomenon: with special reference to united states  

Oleh:

Mishra, Sarthak ; Choudhary, Mukesh

Jenis: Article from Proceeding
Dalam koleksi: Proceeding IConEnt 2016 (International Conference on Entrepreneurship) : How Innovation could Improve the Performance and Productivity in Entrepreneurship?, page 1-43.
Topik: Crowdfunding; JOBS Act; Small & Medium Enterprises; Start-Up
Fulltext: Sarthak Mishra, Mukesh Choudhary.pdf (687.06KB)

Isi artikel

Crowdfunding is the practice of funding a project or a venture by raising small amount of funds from a large number of people. After the recent financial crises, when small enterprises found it difficult to raise funds through other means, crowd funding emerged as a viable alternative. Crowdfunding connects investors with small business start-ups and projects through an online transaction portal that removes barriers to entry. According to the recent trends a very high percentage growth can be seen in the present lending market which forms a very good platform for developing the practice of crowdfunding as it raises confidence among the mass. Crowdfunding market is estimated of worth over $1 billion in the USA, the UK and China, a rapid growth can also be noted in other jurisdictions. The paper attempts to discuss about the practice of crowdfunding giving historical references of the same and the trend of this practice that is being followed in United States. Although, it is not yet fully developed even in U.S., but, in comparison to other countries U.S. has the most developed legal framework for regulating this practice, this is major reason behind choosing United States as basis for reference. Finally, an attempt has been made to bring out the legal developments surrounding the crowdfunding practice and how can they be used as a learning base for creating a similar framework in other jurisdictions, so as to facilitate the businesses of innovation oriented start-ups and other Small and Medium Enterprises.

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