As Kickstarter and other crowdfunding sites grow, so does scrutiny – The Denver Post

Posted: August 26, 2012 in Uncategorized

See on Scoop.itBuzz on Bizz

“The question isn’t whether or not you’re able to raise millions fairly quickly,” said Lynn Turner, a former chief accountant for the U.S. Securities and Exchange Commission. “The question is what do investors get back for the money that they put in? If 12 or 24 months down the road, it turns out that those investments don’t pan out and people aren’t getting a decent return, it’ll result in crowdfunding getting shut down just like the penny-stock markets got shut down.”

 

See on www.denverpost.com

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