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House Passes Crowdfunding Bill: FAQ’s for Entrepreneurs

Scott Edward Walker

NOVEMBER 9, 2011

As the term suggests, crowdfunding is funding from a crowd of people — that is, many people provide small amounts of money to finance something. House of Representatives passed a crowdfunding bill that will allow startups to offer and sell securities via crowdfunding sites and social networking sites. What is Crowdfunding?

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A Startup Knows It Needs a Lawyer When:

ithacaVC

JUNE 20, 2011

4. You are raising money: raising funds requires documentation regardless of type of financing. This is just the tip of the iceberg. Lawyer time required: 5 to 10 hours dependent on how fast you are hiring. You might be doing a convertible debt round or an equity round. The convertible debt round will take less legal time.

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