What is the size of Crowdfunding ?

posted Jun 4, 2012, 4:22 PM by David Khorram   [ updated Jun 4, 2012, 4:23 PM by Unknown user ]

About $1.5 billion was raised in 2011 by about 450 crowd-sourcing Internet sites worldwide, says a report by Crowdsourcing.org

The size of the funding market for these smaller investments from friends, family, or other affinity groups is estimated to be $144 billion; this is larger than the amount of venture capital funding in the market.  With an unmet demand for capital for innovation plus an existing yet informal multibillion dollar resource, this begs the obvious question—What can policymakers do to ease access to capital for innovation while at the same time assuring the proper consumer protections against fraud?

 Kauffman Foundation are reported as stating that 65% of America’s jobs come from small business. The next statement stunned me: “A healthy crowdfunding marketplace will create a 10% increase in new businesses and 170,000 new jobs over the next five years