Today the President signed the Jobs Act into law. 270 days later the SEC will publish their rules, effectively making equity crowdfunding legal. Here at Conception Fund, we don’t want to get too involved in the political advocacy aspect of crowdfunding. Rather we want to stay focused on executing the development of a viable crowdfunding platform that provides both opportunities for entrepreneurs and investors while also providing sufficient consumer protection to guard against fraud. We would like to leave the politics to legislators and lobbyist.
That said, it would be naive of us to not recognize the national debate on crowdfunding has taken a major step in the legalization direction with President Obama’s signature. We now have only 270 days until equity crowdfunding will begin in the United States. Here are a few noteworthy articles written on the Jobs act and today’s event.
- New York Times: JOBS Act Jeopardizes Safety Net for Investors
- Economist: America’s JOBS Act: Uncuffing capitalism
- Wall Street Journa: Investors’ Prying Eyes Blinded by New Law
- CNet: JOBS Act: 5 things to look forward to (and 5 to dread)
- Politico: JOBS Act signing: Good start for startups
- Mashable: JOBS Act: What Crowdfunding Means For Your Startup
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