How crowdfunding will transform inner cities

It’s been only six months since Regulation Crowdfunding was legalized, and it’s already proving to be highly successful funding source for new businesses. 50% of companies that have closed on their financing hit their minimum funding target. That 50% success rate is far greater than typical 3 to 10% success rate of bank loans or venture financing, according to the Small Business Administration. But another unanticipated trend has emerged over the past few months: Regulation Crowdfunding is spurring the growth of inner city businesses. Read more: