Crowdfunding websites raise $2.7 bln in 2012

According to recent reports, "Crowdfunding websites helped companies and individuals worldwide raise $2.7 billion from members of the public in 2012, an 81 percent increase on the previous year, data showed on Monday...crowdfunding, which originated in the United States as a way to raise money for creative projects, has expanded rapidly as an alternative source of finance.

Interest in crowdfunding exploded after President Barack Obama signed the Jumpstart our Business Startups, or JOBS, act a year ago to legalise equity crowdfunding, subject to new rules being agreed by regulators."

We expect this to grow. See our book and our website, www.blackcrowdfunding.net

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