I’d rather democratize Wall Street via broadband than occupy it in a stinky tent

If Senator Scott Brown, Republican of Massachusetts, gets his way, legislation that allows for crowdfunding may provide a source of new capital for fledgling new and small businesses. Under crowdfunding, a business can simply announce its funding needs via social media. Individuals can then use the Internet to invest up to $1,000 per person in exchange for a share of ownership.

I refer to this as democratizing Wall Street. Increasing broadband access and adoption allows the underserved to participate in funding and owning the next great innovative product. Broadband might just help reduce the cost companies are incurring from looking for investors.

I hope Senator Brown can get the rest of the Senate on board.

About Alton Drew

Alton Drew brings a straight forward and insightful brand of political market intelligence. Alton Drew graduated from the Florida State University with a Bachelor of Science in economics and political science (1984); a Master of Public Administration (1993); and a Juris Doctor (1999). You can also follow Alton Drew on Twitter @altondrew.
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