Crowd-funding just got easier for Michigan small-business owners.
The first equity crowd-funding platform designed exclusively for Michigan small-business owners and investors launched Sunday, Amy Haimerl writes in Crain's Detroit Business:
Called MichiganFunders.com, the website takes advantage of new crowdfunding laws signed by Gov. Rick Snyder in 2013 that allow entrepreneurs to raise between $50,000 and $2 million from local investors by offering equity shares, selling debt or creating a revenue-sharing model. Anyone, not just investors considered accredited by the Securities and Exchange Commission, will be able to participate.
Crain's notes that there are several equity crowd-funding platforms operating in Michigan, but MichiganFunders' is different in that it allows only Michigan companies and investors to participate. That simplifies regulatory rules, Crain's explains.
