Kevin Harrington, one of the “Sharks” of Shark Tank fame, chatted up the new regulations surrounding Title IV of the JOBS Act, Regulation A+, on CNBC yesterday. Harrington is an entrepreneur probably best known for “creating the infomercial” and launching multiple direct sales networks on cable.
Harrington spoke with CNBC anchors about several aspects of Reg A+, including the fact that non-accredited investors may now invest in companies using the new exemption.
The anchors asked if this is the SEC’s answer to Kickstarter like projects (which it is not). The anchors struggled a bit to understand the concept. Granted, it is a bit new, and adding a new securities exemption to the mix may take some time for mainstream media to catch up.
Asked if he intends on investing in Reg A+ issuers, Harrington affirmed he will do just that.
Harrington recently listed StarShop on Bankroll to “test the waters” and gauge investor interest for a potential Regulation A+ “Mini-IPO”. Clearly he sees the potential of the new exemption that may become a catalyst for the moribund IPO market in the near future.
You may watch a portion of the interview below.