Kyle
Crowdfunding is a hot topic these days. Hundreds of crowdfunding startups have surfaced over the last few months, patiently waiting as the Securities and Exchange Commission takes their sweet time figuring out regulations.
While crowdfunding is nothing new, the JOBSAct passed last year which will allow people to crowdfund startups for an equity stake without the normal regulations around venture capital and angel investing. Startups will be able to use this form of crowdfunding as a vehicle for up to $1 million dollars in funding, just as soon as the SEC defines the regulations.
This waiting period has put some crowdfunding startups on ice, while others have found ways around regulations without allowing startups to actually give up equity. In some cases prize packs, swag, and other gifts are donated by the company in exchange for someone’s backing. Other times it’s just about feel good donations.
CrowdCusp is a Washington DC based crowdfunding startup that has already started crowdfunding, sans the equity stake.
We got a chance to talk to the team behind CrowdCusp. Check out the interview below.