15 Pages Posted: 13 May 2015 Last revised: 22 May 2015
Date Written: May 12, 2015
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: Suggested Citation