New legislation pending in Congress could create crowdfunding sources like NY-based startups Kickstarter and RocketHub that provide equity capital to businesses. The bills have supporters among Democrats, Republicans and entrepreneurs.
“I see crowd funding as a positive,” Ian Fichtenbaum, vice president with NY-based Near Earth, an investment banking firm specializing in satellite technology, told Crain’s New York Business. “We see a lot of business plans from the edge of believability and the edge of technology, and some are actually good. When we raise capital for some of these companies, we have to find nontraditional sources or find people with a particular interest in the sector.”
To read the full, original article click on this link: NY Startups Give Their Take on Crowdfunding for Equity Capital - NYConvergence.com
