Northwest entrepreneurs will soon have another way to raise money for small and new businesses. The Securities and Exchange Commission on Wednesday put out long-delayed draft rules for something called "equity crowdfunding."
So far, crowdfunding has been a vehicle mostly for artists, charities, and startups to solicit donors online. Supporters usually get a modest reward of some sort. Now, the SEC has detailed how crowdfunding could expand. Proposed new rules would allow startup companies to sell actual stock over the Internet to small-time investors.