DETROIT — Crowdfunding is one of the hottest topics in the business world today, though it isn’t a new idea. From the Statue of Liberty to countless charitable events, crowdfunding has been effectively utilized to raise funds for numerous projects and ideas for centuries, though it was often written off as a “fool’s errand” for starving artists and entrepreneurial misfits.
Due to the global reach of the Internet and the Jumpstart Our Business Startups Act, which removed the ban on publicly seeking investors, businesses are now recognizing the huge value in this process and are scrambling to get a grasp on what this means for future fundraising initiatives.
To help organize this buzz, Fundington, a Detroit-based startup, will host a free seminar from 12 p.m. to 4 p.m. on Saturday, May 25 at Atomic Object in Detroit. Fundington hopes to educate interested parties on how to get started with crowdfunding, empowering them to make their vision a reality through this form of fundraising and investing while exploring the parameters of what can be funded in this manner.
“Crowdfunding can fund almost anything,” says Joe Pick, co-founder and CEO of Fundington. “And therein lies the value!”
The featured speaker at the seminar will be attorney Michael S. Melfi, who also serves as Fundington’s legal council. Melfi has an established practice in intellectual property and digital law, is involved with numerous social causes locally and nationally, and has recently published his new book, The Simple Secrets of Social Media.
Those interested in attending may register for the seminar at knowdocrowdfunding.eventbrite.com. Atomic Object is located at 1407 Randolph St., Suite 300, in Detroit.