Jason Best took a few minutes to discuss the Title III crowdfunding rules with CCTV this past week. Best is co-founder of Crowdfund Capital Advisors and one of the first advocates of the JOBS Act and the need to modernize securities law. Best points to the fact that before the JOBS Act we pretty much operated under rules that were 80 years old. Yes, before most households owned a phone. In the age of the internet, where everyone is on Facebook and Twitter, the need was profound to modernize how companies raise capital.
“This is the first time in America for small companies and startups to be able to raise capital from their communities and customers,” states Best.
Will duplicitous types pray on mom & pop or rookie investors?
“Any investment into a small business or startup is high risk. Investors need to take common sense measures and utilize the technology that is available to help protect them.”
Watch the video below.