Steve Case, CEO of Revolution and founder of TechCrunch-owner AOL, was a key player in advocating for the JOBS Act, which will allow for a much broader range of crowdfunding (specifically, equity crowdfunding). When he spoke at the Techonomy Detroit conference today, Case elaborated on why the JOBS Act is going to be a big deal.
In Silicon Valley, Case said, crowdfunding probably won’t be “that important or helpful,” because there’s already “tons of money and venture capitalists.” In areas like Detroit, however, it could be “really important.” The Securities and Exchange Commission is still translating the legislation into specific rules, but eventually, entrepreneurs will be able to raise up to $1 million via crowdfunding, which will “democratize access to capital.”
To read the original article: AOL Founder Steve Case On The JOBS Act: Not A Big Deal In Silicon Valley, ‘Really Important’ In Detroit | TechCrunch
