Through 2016 and on into this year, Equity Crowdfunding in the US is garnering the attention of entrepreneurs and those who never considered themselves investors, until now.
Locally speaking, intrastate equity crowdfunding aka “MNvest” became legally recognized in Minnesota as of June 15, 2015 (80A.461). From there, it took a full year before the State department fleshed out regulations surrounding MNvest’s application and rollout in the real world.
Equity crowdfunding in Minnesota presents a new option for entrepreneurs and business owners to publicly advertise a capital raise (equity or debt) up $2m from their non-accredited resident peers, who can individually invest up to $10k per deal.
There are also three offerings underway, all of which fall into the food and beverage sector, so no tech ventures have yet to introduce their fundraising pursuits via MNvest yet.
While we watch and wait for what’s next — tell us if you plan to participate in MNvest as a non-accredited investor!