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The rise of crowd equity funding: where to now?

Published online by Cambridge University Press:  18 May 2017

Marina Nehme
Marina Nehme*
Affiliation:
Senior Lecturer at the Law Faculty, University of New South Wales, Sydney. E-mail: m.nehme@unsw.edu.au.
*
m.nehme@unsw.edu.au
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Abstract

Crowd equity funding is a type of crowdfunding that allows companies to obtain seed or other capital through small equity investments from a large range of investors via an online portal. This form of finance has been viewed as a way to remedy the shortfall of capital for small and medium enterprises. As a result, a number of countries such as the US, Italy and New Zealand have promoted this form of finance. Accordingly, the paper first considers the reasons behind the rise of crowd equity funding on government agendas around the world. It then focuses on the Australian setting, by highlighting the different proposals that have been put forward to introduce legislation friendlier to crowd equity funding. The aim is to view the extent to which the proposed models provide the right balance between investor protection and entrepreneurship.

Type
Articles
Information
International Journal of Law in Context , Volume 13 , Issue 3 , September 2017 , pp. 253 - 276
Copyright
Copyright © Cambridge University Press 2017 

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