Local Entrepreneur Leads 'Crowdfunding' Initiative
“The SBA holds the solution to safeguarding the crowdfunding process,” Schuster said. “As an entrepreneur, I want crowdfunding to pass of course, but I’m just as worried about fraud as are the bill's detractors. But we have resources already in place to address that issue — take SCORE, for instance, with 364 offices and over 13,000 volunteers, who don’t receive a dime of tax-payer money. It can provide low-cost, face-to-face validation of a company’s legitimacy along with the voice of reason to save or dissuade the overambitious entrepreneur."