Intrastate crowdfunding, which legislators are proposing for Illinois, has several attributes that are attractive to startups and small businesses. However, it won’t make it the best fundraising option for many businesses.
Over two years have passed since President Obama signed the Jumpstart Our Business Startups (JOBS) Act; however, the Securities and Exchange Commission (SEC) is still working to finalize the rules that would allow average Americans to use it to its full capacity. The JOBS Act was designed to encourage funding for small businesses in the United States by easing several securities regulations, and while portions of it have aided entrepreneurs, its potential has yet to be fully realized.
Last year was good for entrepreneurs involved in the business crowdfunding industry as more startups and small businesses succeeded in raising capital. The industry is gaining mainstream attention and is poised to grow exponentially within the next year as new regulations become finalized. Here are our top predictions for crowdfunding and the finance world in 2015.
Equity crowdfunding site EquityNet has fully embraced real estate finance on the platform, while continuing to provide services to entrepreneurs across a range of industries.
EquityNet Business Deals Can be viewed at CrunchBase, MarketWatch, and CrowdneticWire
Fayetteville, AR, July 8, 2014 (GLOBE NEWSWIRE) — EquityNet (www.equitynet.com) is announcing its partnership with CrunchBase (www.crunchbase.com) which will expand its deal distribution network to allow entrepreneurs to showcase their businesses to thousands of additional investors. Businesses can now use EquityNet to push their profiles to CrunchBase, MarketWatch, and CrowdneticWire to generate greater exposure to their funding needs.
Watch Judd Hollas speak with Devin Thorpe of Crowdcast about Title II Crowdfunding, industry trends, funding portals in Title III, best practices, market opportunities, and more.
This article was originally published in the Austin Business Journal.
Critical Comment Period Issue on SEC Title III for Crowdfunding By Joy Schoffler
As you may know, the comment period for the proposed rules for Title III crowdfunding will be up in a matter of weeks. I wanted to reach out as one of the items within crowdfunding legislation that may cause a problem for entrepreneurs looking for capital and the investors trying to sort deal flow is the prohibition against non-registered broker-dealers having the ability to do Assessments of companies.