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Fremont, CA: Equity crowd funding is a relatively new practice that is gaining lot of momentum. The practice is helping new companies with limited operating history that are too small to raise capital in the public markets and have not reached the point where they are able to secure a bank loan or complete a debt offering. To the surprise of many, Italy, a country hardly known for its startup friendliness became the first European country to regulate equity crowd funding, even beating the U.S. which rules the world in the number of startups. For it being a first mover is quite an accomplishment and might signal a shift in the Boot's attitude toward startups.