Act, passed in April, provides for equity-based crowdfunding solutions for small businesses & investors, but first rules must first be made by the SEC to govern the crowdfunding industry. In the meantime, companies, individuals and organizations in Arizona who can look at their capital needs and figure out creative ways to add non-equity perks to their offer can have very successful fundraising campaigns. For example, a campaign for an inexpensive, small, bluetooth speaker raised just short of $1 million via crowd funding recently. A bare bones 3D printer kit secured nearly $1 million in crowdfunding revenue, as well. And the list goes on and on for smart entrepreneurs raising hundreds of thousands of dollars today with successful crowdfunding projects.
Nearly $2 billion dollars was appropriated by crowdfunding projects last year. Around three billion dollars is expected to be raised using crowdfunding platforms by year's end.
"Crowdfunding is being used creatively right now to help individuals and businesses in Arizona achieve their goals", declares Robert Dobyns, founder of Conzortia. "As long as stock or equity in a company isn't being offered, crowdfunding is a legal and viable method of raising funds for Arizonans."
Crowdfunding your idea does take some thought, though. "Proper crowdfunding does take strategic planning and skillful execution to succeed", Dobyns cautioned. "Plan and work the plan...And Conzortia is here to help Arizonans with that execution."
To learn more about crowdfunding in Arizona, visit http://www.CrowdfundingArizona.com
For the original version on PRWeb visit: http://www.prweb.com/releases/prweb2012/7/prweb9744091.htm