Crowdfunding isn’t a revolutionary concept. The idea that a lot of people can pool their resources to make something happen has been around for years. After economic disasters in the early 1900’s many securities laws became very restrictive in the idea that would protect the general public. This has forced people that want to pool resources to get creative with how they do that. Nearly a century later, the world has changed and we are finally seeing those previously restrictive laws are loosening a bit.
On December 30, 2013 Governor Rick Snyder signed the Michigan Invest Locally Exemption (MILE) into law. While this went relatively under the radar for most people, this law puts Michigan on the forefront of the crowdfunding revolution. This new tool for your business to use, while unfamiliar, should definitely be something you look into.
multi-million dollar status but I want you to think about it from a simplistic perspective. In order to be the “perfect entrepreneur” you have to a crystal clear 3D vision of your business. What this means is you need to be able to see your startup’s past, present and future all at the same time.