New Crowdfunding Option Available in Maine

The Press Herald has a good primer on the new law that allows small companies to raise funding through crowdfunding.

Under Maine’s crowdfunding law, entrepreneurs can raise capital by selling equity or debt in their companies to anyone. The exchange of money for equity or debt does require regulatory oversight and includes some restrictions.

They also report on a company getting ready to launch that will help match up companies approved to raise funds under the new law and investors. The web site Backer.ly should launch in 2015.

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