House passes JOBS Act. What the new crowdfunding bill means for startups

Re:House passes JOBS Act. What the new crowdfunding bill mea... by maaku on Friday March 09, 2012 @02:47AM (#3683330)

Okay, Obama hasn't signed this into law (yet). But with the momentum it has and the current political situation, it looks like its on the fast track. Once it is signed into law, has anyone put together a kickstarter-for-startups site? An AngelList for the masses? Anyone have a set of standardized legal forms that can be used for crowd funding?

My startup is going to raise its first round in a few weeks to a month's time.. we would love to be a test case for crowd funding, if this is law by then.

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Re:House passes JOBS Act. What the new crowdfunding bill mea... by just_madhu on Friday March 09, 2012 @11:56AM (#3684809)

This is way overdue-- consider the fact that this existed in Bangladesh back in the mid 1980s... for people who literally had no credit.

I think the tricky part will be about how deep the SEC wants to get entrenched in this type of action-- how will they view individual investments differently from stocks?

Worst case scenario, this JOBS bill might be a trojan horse to bring more regulation to the startup world (starting with enabling funding, then phasing in regulation in waves).

Either way, this is a sign of progress...

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