Crowd funding legislation could help startup businesses

Traditionally when businesses expand they fund growth by offering company stock or pledging assets to secure debt.  As the public offering and lending markets have pulled back in the current economy we see more business expansion funded through venture capital and angel investor groups.  With angels moving up the funding hierarchy and leaving a gap with only friends-and-family as the next funding option for entrepreneurs, there is an interesting legislative initiative proposed to fill this gap with federally authorized crowd funding. Crowd funding has not been recognized as a legal w