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View Full Version : Watch Out Banks, CrowdFudning is a Threat!



SocialCam
03-27-2013, 10:46 AM
Banks, the one industry everyone in the US seems to love to hate. Well, Banks could soon be threaten by the arrival of equity crowdfunding in the United States. Some experts predict that in the coming years Crowdfunding, not the Banking system, will be the primary source of financing for small business's. Already sites like Prosper are intruding on the personal loan sector of the industry. Here is the full article examining the threats that Banks could face in the next few years should equity crowdfunding take off like many expect it will:

http://www.afr.com/p/markets/capital/crowdfunding_the_threat_for_bankers_v2USe2vmr9gesk vkyIFYsL

MikeA
03-27-2013, 12:09 PM
thanks for the share Socialcam.

Its fine with me. Banks have basically been getting away with murder in the last few decades. Its going to be good to see them get a taste of some real competition.