Begun with big hopes, crowdfund investing proves no bonanza

NEW YORK (AP) — Begun two years ago with some big hopes, the option for small businesses to court investors through crowdfunding hasn’t turned into the windfall its supporters predicted.

“A lot of dollars have been raised in crowdfunding, but it has not been the bonanza people have been expecting,” says David Lavan, a former Securities and Exchange Commission attorney who’s now with Dinsmore & Shohl in Washington, D.C.

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RSK: All that glitters is not gold, but it can help if you can get through the red tape. Go Fund Me is another avenue though there is no equity or shares for those that do so.