As banks continue to thumb their noses at individuals and small business, crowdfunding is taking over.
(PRWEB) April 11, 2013
Crowdfunding expert Kendall Almerico, CEO of crowdfunding site ClickStartMe, commented today on newly released statistics showing that crowdfunding websites raised more than $2.7 billion from members of the public in 2012 to assist individuals and businesses with funding needs. Almerico notes this is a whopping 81 percent increase from 2011.
“As banks continue to thumb their noses at individuals and small business, crowdfunding is taking over,” Almerico says. “The American people have had enough of banking and lending industry abuse. The people are taking the economy back and finding the American Dream again.”
Almerico notes that rewards-based crowdfunding has become an alternative source of financing businesses without giving away equity, as well as a means to finance development of new products, artistic endeavors and much more. With the Jumpstart our Business Startups Act (JOBS Act) regulations being released by the SEC in the coming months, Almerico says that American businesses will be able to sell equity through crowdfunding up to $1 Million, and this will spur on even bigger growth of crowdfunding online.
“When businesses are allowed to sell equity online through a crowdfunding site like ClickStartMe, the flood of money going into businesses will be phenomenal,” Almerico says. “While industry analysts expect 2013 crowdfunding numbers to reach $5 billion, that number could triple in 2014 when equity crowdfunding becomes legal.”
Crowdfunding expert Kendall Almerico is the CEO of ClickStartMe.com, the rapidly growing crowdfunding site that “puts the fun in crowdfunding” and is a JOBS Act expert. Kendall Almerico is available for interviews, media appearances and speaking opportunities about any aspect of crowdfunding.
Crowdfsoourcing.org: The 2013 Crowdfunding Industry Report
Yahoo Finance: Crowdfunding Market Grows 81% in 2012