Exploring Crowdfunding? Read this first…
Wisconsin Department of Financial Institutions (DFI) Crowdfunding Advisory
Crowdfunding is an online money-raising strategy for the public to donate small amounts of money for startups. This innovative concept has the potential to provide small, innovative enterprises with access to capital that might not otherwise be available.
Patricia Struck, Administrator of DFI’s Division of Securities cautions, “Both small businesses and investors should exercise appropriate caution as they explore crowdfunding: they should wait until the SEC’s rules are finalized prior to offering shares in their ventures for sale to the public.”
Complete information on this topic may be found on DFI’s website at www.wdfi.org/fi/securities. Attorneys Kate Bechen and Trevor Currie discuss Startups and the New Wisconsin Equity Crowdfunding Laws