On Monday the fledgling investment crowdfunding industry, led by some of the people who conceived of and pushed for what eventually became the JOBS Act, gathered on Capital Hill to mark the start of Regulation Crowdfunding (aka Title III). The Capital building was covered in scaffolding, a possible metaphor for democracy in need of repair. But the JOBS Act is a step in the right direction: Legislation passed with broad bipartisan support that aims to level the playing field and create opportunity for small businesses and ordinary investors.
The concept of allowing individual investors to make their own informed decisions and invest in companies they know and trust is still an alien and scary idea to some. But at Locavesting, we believe this sort of community-funding—whether under the JOBS Act or local rules enacted by 30 states—can be a powerful tool for creating economic opportunity and equity. As Doug Rand, Assistant Director for Entrepreneurship at the White House Office of Science and Technology Policy said: “It’s not just about getting in on the next big thing. It means strengthening our communities and expanding the diversity of entrepreneurs.”
Doug Ellenoff, Woodie Neiss and Amy Cortese
Still, much work lies ahead, especially in educating investors, entrepreneurs and the professionals that advise them. That’s what we do every day at Locavesting. And we were honored to be recognized for that role yesterday with one of the first New Capital Markets Leadership Awards (photo above).
So, with that, here is a sampling of our recent coverage of Regulation Crowdfunding. Let the great experiment in financial innovation begin.
1 Comment
Pingback: germany backlinks