The New York Times detailed CraftFund's Wisconsin pilot in a recent article on equity crowdfunding. While the federal crowdfunding rules (which will make equity crowdfunding for the general public legal nationwide) continue to stall, states are functioning as laboratories for what equity crowdfunding for the general public might look like. As the New York Times notes, Wisconsin and CraftFund in particular are leading the experiment.
We're excited to test this new democratic investment model in what we hope becomes a model nationwide. This has been our mission for the past 2 years: to work towards creating a mechanism for anyone (regardless of net worth) to invest in local companies they are passionate about. While it's been slow going at times because of unexpected regulatory twists and turns, we're excited for what lies ahead and the future that we believe Wisconsin points to.
For now, all eyes are on the Badger State. Wisconsin residents interested in participating in some of the first equity crowdfunding deals in the country can start by first creating a profile and certifying their residency.