Imagine if your favorite neighborhood bakery or a local start-up conducted an IPO. Could personal relationships drive local investments and investor profit? In economic times like these, investment in their neighbors will appeal to investors of every stripe.
The purpose of this post is to do my small part in helping convince our regulators of a much needed change.
The crowdfunding concept garners a good deal of media attention lately, and rightfully so. Simply put, crowdfunding entails taking a little bit of money from a lot of investors as an alternative to taking a lot of money from a few investors. For a more visual appealing explanation, watch this two-minute video.
Thanks to the work of Jason Best and Woodie Neiss, pioneers of the Startup Exemption, and many others, President Obama signed into action the JOBS act in April of last year.
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