The Economist | Nazis in space: Crowdfunding and crowdsourcing are becoming more sophisticated
[...] Where “Iron Sky” has broken ground, says Tero Kaukomaa, one of the film’s producers, is not just in getting fans to pitch in with the work, but in its funding model: most of the money raised via the website was in the form of equity investments, which will pay back if the film makes a profit.
That is allowed in Europe, but not yet in America, where any such investment must be filed with the Securities and Exchange Commission. A bill allowing investments of up to $10,000 per person without all the paperwork was passed by the House of Representatives last November but is currently stuck in the Senate.
There are people (and I'm looking toward TJIC, for instance) whose business I would love to be able to make equity investments in. Unfortunately the government has decided I'm not "sophisticated" (read: "rich") enough to be able to do that. And yet somehow I can make loans to these same people. So I'm allowed, as an
Thanks, congress. Way to help out the little guy.