The reference is: leach, c., & melicher, r. (2021).

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Hi,
Please answer these questions:
-Describe securities crowdfunding and the background and purpose for which it was created
-What is meant by the term “blue sky” laws and how do these laws apply when issuing securities?
-What are the three steps typically used to forecast sales for early-stage ventures? Please provide a numerical example of forecasting sales for an early-stage venture.
Also, please use the PTT as one of the sources. The reference is: Leach, C., & Melicher, R. (2021). Entrepreneurial finance (7th ed.). South-Western Cengage Learning.

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