One Spark Festival Should Ignite Appeal of Crowdfunding
While there are reports of those who crowd funded Oculus back in September 2012 being upset by the recent $2 billion Facebook (NASDAQ: FB) buyout, none of the haters appear to be present at the One Spark Festival now taking place in Jacksonville, Florida.
Pitching away at present are more than 600 "Creators" across all industry groups at one appears to be the premier crowdfunding event.
In only its second year, the booths of the "Creators" now emcompasses more than twenty square blocks in downtown Jacksonville, the largest city in the United States by geographic size. Based on the booming popularity of One Spark, it should also rise in prominence in the financial sector. Crowdfunding is becoming very popular, very quickly. If the Securities and Exchange Commission allows for equity to be distributed to accompany the capital infusion as is expected, it will become even more popular.
Just like the One Spark Festival, crowdfunding has grown quickly.
Less than $100 million was raised in 2010. Congress passed The Jobs Act in 2012, which was a huge boost to crowdfunding. As a result, more than $5 billion was estimated to have been raised in 2013 from more than one million individual campaigns globally. There are over 400 crowdfunding platforms.
There are now more than 600 more campaigns being implemented in Jacksonville over the next four days.
Cash has already been committed. That obviously helps to make the One Spark Festival more appealing. Making it more alluring is the dedication of the all parties involved in Jacksonville to making it a success. Even the weather is cooperating, with sunny days projected with no humidity after a streak of rain in Northern Florida.
© 2016 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.