Crowdfunding in Colorado Is Not Working - A Solution Proposed

10 Pages Posted: 16 Mar 2017 Last revised: 10 Aug 2017

See all articles by Herrick K. Lidstone

Herrick K. Lidstone

Burns, Figa & Will, P.C.; University of Denver Sturm College of Law

Date Written: March 20, 2017

Abstract

Crowdfunding in Colorado is currently not working and not living up to the legislative declaration found in C.R.S. § 11-51-308.5(2) or the expectation of the people involved in its creation. If equity or debt crowdfunding is still considered important for small business capital formation and jobs creation, a new solution must be found. At the end of the article, I propose a solution involving rulemaking by the Colorado Securities Commissioner rather than a legislative approach, but recognize the increased risks involved as well. The paper includes a suggestion for a broader stakeholder discussion on whether the Colorado Crowdfunding Act (the “CCFA”) is worth any more effort.

Suggested Citation

Lidstone, Herrick K., Crowdfunding in Colorado Is Not Working - A Solution Proposed (March 20, 2017). Available at SSRN: https://ssrn.com/abstract=2933748 or http://dx.doi.org/10.2139/ssrn.2933748

Herrick K. Lidstone (Contact Author)

Burns, Figa & Will, P.C. ( email )

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University of Denver Sturm College of Law ( email )

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United States

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