Crowdsource Funding - The Pitfalls & Promise

Crowdsource funding is the hot new buzzword among startups.  The 2012 Jumpstart Our Business Start-ups (JOBS) Act was intended to open up crowdsource funding and other social media as a means for startups to raise capital. Tom Murphy of McDermott Will & Emery says the reality is somewhat muted compared with buzz, but says the JOBS Act has opened up other avenues for startup capital, and that social media may still a future in small business capital.