You hear about startups getting venture capital or crowdfunding money all the time in Silicon Valley. But the two combined barely make up the money given by startups’ biggest funding source: friends and family.
WePay isn’t interested in individual campaigns anymore. The company’s primary focus now is providing services to other crowdfunding sites through its API.
“This removes the biggest barrier to entrepreneurs,” Fundable’s Eric Corl told me just minutes ago. “This will give entrepreneurs a much better way to reach outside of their network for capital.”
The Securities and Exchange Commission, which governs investing and trading stocks, is proposing an update that will enable crowdfunders to more easily sell shares in their companies.