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Sally Outlaw is co-founder and CEO of peerbackers, a Jupiter, Fla.-based crowdfunding website for entrepreneurs. A seasoned business owner with more than 20 years experience, Sally spent 10 of those years producing television programming in Russia for NBC, The Discovery Channel and PBS. Back in the states, she helped to create and produce The Next Wave with Leonard Nimoy, a popular series on CNBC devoted to exploring innovative technologies for both start-ups and existing companies.
In April, President Obama signed into law the Jumpstart Our Business Startups, or JOBS, Act, clearing the way for small businesses to attract new investment dollars through crowdfunding. But what impact will this law have on Gen Y startups and entrepreneurs, and how will potential investors be kept safe from possible fraud and abuse? Sally joins Keeping Up with Gen Y to talk about the advantages and drawbacks to using crowdfunding when Gen Y want to start or expand their own businesses. She also discusses why investing in young entrepreneurs may be worth the risk.
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