Teenage Crowdfunding

15 Pages Posted: 13 May 2015 Last revised: 22 May 2015

Date Written: May 12, 2015

Abstract

Teenage startups are in the public interest and should be encouraged, yet the federal CARD Act of 2009 eliminated credit card financing for many such companies, cutting off an important source of early-stage business capital for teenage entrepreneurs. Since then, however, Congress passed the CROWDFUND Act of 2012 which will allow teenagers to raise early-stage financing through Internet crowdfunding. Teens, being masters of the Internet, are well positioned to exploit this new opportunity, with the upshot being that securities crowdfunding may become an important way for youthful entrepreneurs to fund their business dreams.

Keywords: Crowdfunding, Securities, JOBS Act, CROWDFUND Act, Teenage, Teen, Infancy, Startup, Entrepreneur, Credit Card, Internet

JEL Classification: K00, K12, K2, K20, K22, K23, O1, O16, O3, O38, O40, E5, E51, G3, G32

Suggested Citation

Schwartz, Andrew A., Teenage Crowdfunding (May 12, 2015). University of Cincinnati Law Review, Vol. 83, No. 515, 2014; U of Colorado Law Legal Studies Research Paper No. 15-5. Available at SSRN: https://ssrn.com/abstract=2605518

Andrew A. Schwartz (Contact Author)

University of Colorado Law School ( email )

401 UCB
Boulder, CO 80309
United States

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