#AceNewsReport – Press Alert:June14: Crowd-funding can be a good way to fund your enterprise providing everyone is honest, this press release just says be careful and be safe-online. Always check out the sources and need help and guidance with a financial problem or to raise capital for your business let me know.
Lisa Weintraub Schifferle
Attorney, Division of Consumer and Business Education, FTC
Earn rewards for supporting a project you believe in? That’s what “crowd-funding” is all about.
Here’s how it works: “Creators” think of projects. To pay for those projects, they ask for small amounts of money from lots of people, usually through online platforms like Kickstarter or Indiegogo. Often, creators offer rewards to contributors. So far, so good … as long as the creators keep their end of the bargain.