We have 3.1 million jobs available today and 24 million people unemployed or underemployed. In the absence of a massive government job-creation program, this disparity will require a wave of entrepreneurial activity to create jobs.
The single biggest challenge facing entrepreneurs, however, is capital. This is a problem driven in part by market inefficiencies: a highly fragmented landscape; extensive regulations; and a system that depends heavily on one’s network (ideally of successful and wealthy individuals) to navigate. With the scale and efficiencies of the web, crowdfunding for equity is an idea whose time has come.
We can gamble or play the lottery with no restrictions. How is it that a limited purchase of stock in a startup is any different in risk? Read more here.