Tagged: jobs act

Survey Sheds Light On VC Expectations For Equity Crowdfunding

research

A report released last month entitled Equity Crowdfunding and Venture Capital included some interesting revelations regarding what US venture capitalists and lawyers expect from equity crowdfunding. The report surveyed VCs and lawyers based in the states. Questions sought to gauge expectations about the JOBS Act’s trajectory and future effect. Overall, most view equity crowdfunding in a positive… Read More

If VCs Aren’t Interested in Crowdfunding, Should You Be?

President Obama Speaks after signing the Jobs Act April 2012

Last week, Donald Trump announced – with characteristic flair – his involvement with a crowdfunding startup named FundAnything. The Donald’s presence would be something of an embarrassment for many companies, but then the tech sector has never been above a little shameless self-promotion. In fact, it’s become something of a virtue in this age of… Read More

Lona Nallengara Named SEC Chief Of Staff

lona nallengara

Lona Nallengara has been named the SEC’s chief of staff today, leaving his previous post as the director of the agency’s Division of Corporate Finance. Nallengara took his lumps in a recent House Committee hearing over the SEC’s delay in implementation of the JOBS Act, and especially on the delay of Title II. Committee members… Read More

Should Washington State Green Light Equity Crowdfunding?

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Crowdfunding websites have grown rapidly as a way to raise money for creative ventures… everything from movies to scientific research to clever inventions. You might have heard of Kickstarter, Indiegogo or Rockethub. It would be just a small leap to use those same platforms to sell shares in a startup. That’s illegal right now, but… Read More

CrowdBouncer: Free Compliance Backend For Equity Crowdfunding Portals

crowdbouncer

Title III of the JOBS Act stands to legalize the participation of non-accredited investors in crowdfunding offerings. One of the wildcards in the approach up to the implementation of Title III is the cap on how much an individual is allowed to invest per year, a number based on things like personal income and net… Read More

Is crowdfunding to be crowdless?

President Obama Speaks after signing the Jobs Act April 2012

The JOBS Act has the potential to help entrepreneurs finance their small and emerging growth businesses through “crowdfunding,” but only if we get the costs right. In the year since the measure was signed into law, online technology platforms have continued to successfully disrupt the costs of fundraising, necessitating a reevaluation by the Securities and… Read More

The promise and risks of the crowd

President Obama Speaks after signing the Jobs Act April 2012

(We) find it impressive that three Philly 50 companies – which tend to be large, established companies – went public in 2012. Epam Systems Inc., Five Below Inc., and Globus Medical Inc. are fairly young companies that spent years preparing for Wall Street-underwritten initial public offerings that raised tens of millions of dollars for each… Read More

Music and Equity Crowdfunding

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Over the last fifteen years, since the advent of the worldwide web, there has been a revolution in the world of finance. More money is being raised online today than ever before from crowds of like-minded investors, consumers, and communities of fans, especially in the creative arts. The phenomenon is global and has all the… Read More

Accredited Crowdfunding Platforms Granted SEC No-Action Relief

Simon Riveles

In two recent no-action letters the SEC granted exemptive relief from broker dealer registration to crowdfunding sites accepting only pre-screened accredited investors on the basis that the platforms received carried interest rather than transaction based compensation. According to securities attorney Simon Riveles of Riveles Law Group, the no-action letters in FoundersClub and AngelList do not represent… Read More

Crowdfunding tries to grow up

US Dollars

Sarah Dvorak was desperate. The former retail executive had depleted her savings accounts, borrowed from family members, and secured a microloan from a local development group to launch Mission Cheese, a San Francisco café that would specialize in domestic products like Minnesota-made Camembert and a silky sheep’s-milk cheese from Northern California. But three weeks before… Read More

Crowdfunding set to make mark on investing landscape

Fundrise

For $100, Micah Lubens bought a share of a vacant, two-story brick building that was promoted as the next up-and-coming hot spot along Washington D.C.’s bustling H Street corridor. Through food blogs, Lubens learned of plans to transform the building into a minireplica of Asian night markets, with food stalls and at least one clothing… Read More

One State Is Leading In Investment Crowdfunding: Guess Which One

A Crowd of $100 Benjamin Franklin

Add North Carolina to the growing list of states working on intrastate investment crowdfunding legislation, especially as the equity crowdfunding proposal of the Jumpstart Our Business Startup Act (JOBS Act) won’t be brought up by the SEC for a three-month public commenting until the end of August at the earliest. This is according to Arizona… Read More

SEC Advisory Committee Meets on Small and Emerging Companies

SEC

The SEC held another scheduled meeting, which was open to the public, regarding small and emerging companies including the Jobs Act and elements of crowdfunding. The presenters included Robert Greifeld, Chief Executive Officer of NASDAQ OMX Group, William R. Hambrecht, Chairman and Chief Executive Officer of WR Hambrecht + Co., and Duncan L. Niederauer, Chief Executive… Read More