Document Type
Article
Publication
University of Cincinnati Law Review
Year
2014
Citation Information
Andrew A. Schwartz, Teenage Crowdfunding, 83 U. Cin. L. Rev. 515 (2014), available at https://scholar.law.colorado.edu/faculty-articles/874.
Abstract
Teenage startups are in the public interest and should be encouraged, yet the federal CARD Act of 2009 eliminated credit card financing for many such companies, cutting off an important source of early-stage business capital for teenage entrepreneurs. Since then, however, Congress passed the CROWDFUND Act of 2012 which will allow teenagers to raise early-stage financing through Internet crowdfunding. Teens, being masters of the Internet, are well positioned to exploit this new opportunity, with the upshot being that securities crowdfunding may become an important way for youthful entrepreneurs to fund their business dreams.
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Included in
Banking and Finance Law Commons, Business Organizations Law Commons, Internet Law Commons, Securities Law Commons