SALEM, Ore. (AP) — Oregon is moving toward joining a growing number of states that allow small businesses to pick up a large number of small investors through crowdfunding.
Many businesses already use crowdfunding platforms like Kickstarter to raise money from hundreds or thousands of people, but the money is a donation, not an investment. The donor can expect nothing more than a future product from the company.
If Oregon’s proposal goes forward, ordinary Oregonians ponying up no more than $2,500 could reap financial rewards or even own a sliver of the company.