Portland entrepreneurs turn to crowdfunding

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Monday, January 09, 2012

 

Portland entrepreneurs are increasingly turning to crowdfunding sites such as Kickstarter, IndieGoGo and RocketHub to fund their businesses.

 

One private research group placed the industry's value at $1.6 billion in 2009, a number it expects will more than triple by next year. 
Portland entrepreneurs are turning to such sites as a viable way to raise startup costs and launch product lines without forfeiting ownership or paying high interest rates. Fifty-two local projects are listed on Kickstarter alone. 
But critics say it remains risky and offers few assurances for money flowing to startups with little but ideas to show. And current securities rules block businesses from offering shares of ownership through crowd funding.

Read more at OregonLive.com.

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Reader comments:

"I feel private enterprises are capable of operating at a higher efficiency than state government."

"This has been used in Oregon since the mid-1800s. It is not a new financing method. This form of financing may help Oregon close its infrastructure deficit by leveraging funds."


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