WATCH: Washington State House Hearing On Crowdfunding Exemption

The_Washington_State_CapitolThe State of Washington has been weighing the possibility of implementing an intrastate crowdfunding exemption. The House Business & Financial Services Committee discussed the bill late in January, and we now have the video of that hearing.

Representative Cyrus Habib (D-48th) has championed the effort. He knows the challenges startups face in raising capital. He practices law and advises startups at Seattle-based law firm Perkins Coie.

Related – Washington State’s Crowdfunding Exemption: Everything You Need To Know

Among the testimonies provided, Attorney and proprietor Joe Wallin testified as well as Adam Lieb, CEO at gaming-focused social network Duxter. Both expressed support for the bill. Lieb in particular had an interesting story that started with an exit he experienced at a very young age. He points out that he could have benefitted from crowdfunding greatly as a young entrepreneur.

Watch below…

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