Wisconsin Crowdfunding Bill Raises Concerns

Quoted in article "Wisconsin Crowdfunding Bill Raises Concerns"

Those in the legal community are a bit more “guarded” about the implications of this new frontier for raising capital, said Ryan Van Den Elzen, attorney with Quarles & Brady LLP, Milwaukee. The scenario of startup companies raising money from citizens that don’t have much investing experience raises some concerns.

“If you’ve got an unsophisticated company selling to unsophisticated investors, there’s a material risk there,” Van Den Elzen said during the panel discussion. “Some of these investments aren’t going to be successful. We could have an area of new state and federal regulation” crop up in response.

Originally published in the Milwaukee Business Journal, October 10, 2010.