[Crowd Leader: David Alan Grier] Crowdfunding. It's possible for an equity market.

The last weeks have seen a growth in the number of firms doing crowdfunding for wines, for artists, for musicians, and even for newspapers. Is it possible to develop a crowdfunding market to raise capital for small companies? Not under the current regulations that implement the 1990 Penny Stock Reform Act in the United States. Nonetheless, there are some interesting opportunities for crowdfunding and some potential success in Europe.