Crowdfunding is changing the world for the better, reducing barriers to entry for writers, innovators and inventors. So when I heard the news about equity crowdfunding becoming legal earlier this year, I couldn't help but wonder, "What role for public libraries?"
The intent of equity crowdfunding is to make it easier for individuals who are not wealthy to purchase shares in new business ventures. Doing so can be risky, and investors can always lose all their invested money. Yet, at the same time, there can be an upside to equity investment — when done wisely and prudently.