Crowdfunding Faces Government Opposition In Washington State
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Crowdfunding sites like Kickstarter have become a hugely popular way for artists, musicians, small businesses, nonprofits and more to get the start-up capital they need. However, investors are not guaranteed that their investment will be used for the intended purpose. (D. Judah Sher/Flickr)
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Crowdfunding has become a popular way to finance start-up projects. But there’s also financial risk when you kick-in money to get a music or art project off the ground: sometimes, the sponsor doesn’t deliver.
Now, the attorney general in Washington has filed what’s believed to be the first government action against a failed Kickstarter campaign.
From the Here & Now Contributor’s Network, Austin Jenkins of the Northwest News Network reports.
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