News > Blog Article > What People Are Saying About Crowdfunding
With Crowdfunding gaining more and more momentum and establishing its place in the overall financial market, many experts have weighed in with their views on the potential for this new method of funding to change the global economic landscape for the better.
Most notable of these commentators is none other the Richard Branson, founder of the Virgin Group. He says that “Crowdfunding could absolutely transform the world,” adding that “there are lots of wonderful ideas that are now getting the exposure they need to secure bigger investments, which is tremendous for the new generation of entrepreneurs. Like most things in life, Crowdfunding success is much more related to how willing you are to pour yourself into the project with your heart and soul.” Branson’s commitment to the idea of Crowdfunding culminated in him investing in Indiegogo, one of the early pioneers in the Crowdfunding revolution.
Members of the traditional venture capital community have also discussed their take on Crowdfunding. Tim Draper, VC of one of the world’s leading venture capital firms Draper Fisher Jurvetson, commented on the subject in Forbes, saying that he believes “that there is a better way to raise money for start-ups, and Crowdfunding shows great promise.”
In America, the topic of Crowdfunding has even reached levels of governmental rhetoric. US Congressman Patrick McHenry recently helped pass Title III of the Jobs Act in the States, which allows non-accredited investors to take part in Equity Crowdfunding. Once the legislation was passed, he labelled the market’s new openness to Crowdfunding as “a step in the right direction,” adding that the “economy needs efficient, vibrant capital markets to thrive,” stressing that Crowdfunding will help achieve this goal.
And of course, existing members of the Crowdfunding community itself have a lot to say on the subject. Jonathan Sandlund of The Crowd Cafe believes that Crowdfunding can provide “a truly democratized marketplace, liquidated by investors both accredited and non,” adding that the Crowdfunding sector as a whole is “growing ferociously.”
The conversation about Crowdfunding is getting more and more widespread, pointing towards the obvious conclusion that Crowdfunding is well and truly on the rise.
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