As Howard Lindzon says, crowdfunding has been around for years. So what’s the big deal with this legislation? Today, if you’re to invest your hard-earned dollars in a company (for equity ownership) you need to be an accredited investor. This is legacy law from years ago when people weren’t empowered with information to make intelligent decisions, as a protection from scams. Back then, it made sense.
I continue to discuss why it passed, why previous laws existed, why it has POTENTIAL to be good for both entrepreneurs and every-day investors like you and me, and who in the startup community is talking about it.
Have a look at the post here, and get your brief education on the subject!
Obama Signs JOBS Act – Crowdfunding Begins…?