Ryan Schildkraut and Zach Robins





Laws on the book since the Great Depression have kept unaccredited investors from providing money to local startups in exchange for equity. But that changed in Minnesota in June, thanks to legislation tirelessly pushed by Ryan Schildkraut and Zach Robins of MNvest, which “aims to provide wider, cheaper and faster access to funding for companies and entrepreneurs.” Small businesses can now list themselves on online portals—a format similar to Kickstarter—and raise as much as $10,000 per person, per offering. Now the question is: Will people take advantage of it?