Kickstarted: An Overview of Crowdfunding in the U.S.
The crowdfunding industry in the United States has expanded rapidly in the last few years, growing from $2.7 billion in 2012 to an estimated $34.4 billion in 2015. This growth has been driven by the expansion of online crowdfunding platforms that facilitate interaction between companies and potential investors. Although the US JOBS act sought to regulate crowdfunding in 2012, implementation has been slow. State legislatures have filled the gap, creating provisions that regulate intrastate crowdfunding.