On Thursday, President Barack Obama proposed the American Jobs Act to create new jobs for millions of Americans. A key component of the proposal is to reduce regulation for startups, especially in crowdfunding.
Currently, websites like IndieGoGo and Kickstarter offer the opportunity for people to contribute small amounts of money to new ventures. Under the President’s proposal, startups could offer equity to small scale investors, which might fuel a new wave of crowdfunding startups. Larger startups would have reduced regulatory costs for going public, with “mini” public offerings. Companies participating could raise up to $50 million, rather than the current limit of $5 million.
To read the full, original article click on this link: Obama Proposes Regulatory Reform for Crowdfunding | #1 Site for Crowdsourcing, Crowdfunding, & Open Innovation News | Daily Crowdsource
Author:Michael Spitzer-Rubenstein
