No SEC action, no worries for crowdfunding advocate

prohatch-logoThe one-year anniversary of the JOBS Act has come and gone with no action from the Securities and Exchange Commission to open up equity crowdfunding to the masses. But at least one chief executive officer of a new crowdfunding company isn’t letting that get her down.

Elizabeth Smith Kulik, chief executive of ProHatch, a crowdfunding incubator, writes inVentureBeat that she’s encouraged at the growth in non-equity crowdfunding sites like Kickstarter, and optimistic that the business will take off when rules are finally put in place allowing debt and equity crowdfunding for non-accredited investors.

Read more at Upstart Business Journal

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