Indiegogo founder says JOBS Act future uncertain

Slava Rubin CEO at Indiegogo… “Believe it or not, we haven’t over thought it,” said Indiegogo founder Slava Rubin, in an interview with Upstart Business Journal. There are people who don’t have a core business who have looked at the Act as a business opportunity and tried to anticipate the changes, he said. “But we don’t really think that way because we have something that’s kept us really busy.”

As a private company, they’ve opted not to share their revenue numbers. But in an internal memo obtained by Upstart Rubin told his staff, that Indiegogo now distributes “millions of dollars globally each week.”

Global crowdfunding revenue for 2013 isestimated to reach $6 billion.

Rubin told Upstart that people often ask him about whether or not the company has the implementation “coded up” and ready to go, but that it’s “kind of hard to have it coded up when you don’t know what the rules are.”

Read more at Upstart Business Journal

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