LXBN TV interviewed Venable partner Melissa Landau Steinman on July 23, 2014 about crowdsourcing and the potential repercussions for the entrepreneurs who renege on their campaign promises. Crowdsourcing is a way for individuals to offer product or rewards in return for money donations to back projects like new product development, arts ventures or charitable undertakings.
In the interview, Steinman discussed a recent, high-profile crowdsourcing example involving a person raising over $50,000 to make potato salad. Citing a suit filed by the Washington attorney general, Steinman explained that individuals are subject to advertising laws if they fail to follow through with their promises to potential funders.
In the interview, Steinman discussed a recent, high-profile crowdsourcing example involving a person raising over $50,000 to make potato salad. Citing a suit filed by the Washington attorney general, Steinman explained that individuals are subject to advertising laws if they fail to follow through with their promises to potential funders.