Crowdfunding Until You "Make It"

A major problem for most entertainment artists ("artists") is funding their work and covering their living expenses while they build a following. Traditional sources of funding can be hard to come by without a large institutional investor or a label prepared to front all of the costs associated with producing quality work and gathering a fan base.

For years, artists have been able to raise funds by soliciting donations from friends and family-members via websites like GoFundMe and KickStarter. But never before have those same interested and loyal fans been able to share in the upward success an artist may come by later in their career. With the advent of the new crowdfunding rules released by the SEC in October, artists may have a new avenue to fund their work from day one without having to solicit donations or work two part-time jobs just to be able to travel to a gig.