Posts
June 04 2012
The JOBS Act was supposed to be about clearing away regulation to help young companies create jobs. Just eight weeks after its passage, however, more than a dozen of the companies seeking to use its looser rules for going public aren't the type of high-tech growth companies lawmakers had in mind.
May 29 2012
A few weeks ago, President Obama signed the JOBS Act into law, making equity-based crowdfunding legal for businesses that want to raise capital in smaller amounts than traditional venture capitalists or accredited investors supply. Depending on who you ask, crowdfunding is either going to democratize access to capital and serve as a boon to small businesses across America, or it will be rife with con artists intent on bilking seniors out of their hard-earned savings.
May 23 2012
Artists are not renowned for financial savvy, but their success in raising money on the Internet through donations to crowdfunding websites like Kickstarter and Indiegogo could lead the way for a new class of investing. Soon investors will be able to pile money into startups through such sites with the hope of getting more than a lousy t-shirt in return.
May 23 2012
It’s official: the money people are rallying to the crowd-funding cause. President Obama signed the American JOBS Act of 2012 into law on April 5, and broker-dealers are already looking for opportunities to fund entrepreneurial startups.
May 08 2012
Massolution™, a research firm specializing in crowdsourcing and crowdfunding solutions, released its first comprehensive Crowdfunding Industry Report. After collecting data from more than 170 crowdfunding platforms (CFPs) and other sources, the results revealed that CFPs raised almost $1.5 billion and successfully funded more than one million campaigns in 2011.
April 30 2012
Ellenoff Grossman & Schole LLP has been closely following the legal developments since the program’s inception. George Georgiades, an Associate of the Firm, has written a CrowdFunding alert that summarizes the key provisions and current status of the new reforms.
April 23 2012
The future of crowdfunding is now in the hands of the Securities and Exchange Commission. When Congress passed the law making it legal to sell small stakes in private companies to the general public online, lawmakers left it up to regulators to determine the mechanics of how such transactions will actually work.
April 05 2012
Today, President Obama signs the Jumpstart Our Business Startups (JOBS) Act into law. For those of you who haven’t been following the JOBS Act, it is a bill that will make it easier for startups and small businesses to raise funds, especially through online crowdfunding.