Crowdfunders Are Quietly Donating and Lending Billions

According to a survey of 362 platforms, crowdfunders raised $2.7 billion worldwide in 2012, up 81 percent from 2011. Photograph by Forest Woodward/Getty Images

The first anniversary of the JOBS Act last week prompted myriad reminders that the Securities and Exchange Commission missed its deadline to finalize rules that will make it easier for companies to sell equity stakes over crowdfunding platforms.

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