Yes, the title above is correct….and as the photo here shows, President Obama yesterday signed into law, the new US JoBS Act which among other things legalizes crowdfunding as a way for startups to receive funding for equity…and that’s a good thing, eh!
It will change the way startups do business in a lot of ways, most notably by making it easier for them to accept smaller investments from a larger number of investors. And we believe it’s a good thing that less wealthy Americans who don’t qualify as accredited investors will now be able to put their money into young businesses and reap the rewards.
The US Senate, as nicely as you please, just passed today, the new JoBS Act, and guess what startups -crowdfunding is now LEGAL in the US.
You heard me. It’ legal. Sure, there’s a few i’s to dot and a couple of t’s to cross…but in fact, if you have a startup and you want to be funded via a crowdfunding website – it’s legal.
A major part of our time here is as you may already know, spent on web development and technology concepts that go above and beyond our normal SEO practice, and for us the single driving passion we’ve had lately, is crowdfunding and Canada, and yes we’ve written on this recently too. The two items are very easy to say and think on – but in fact, yes….the two items together are still illegal here in our own province here in canuck-land.
Okay, you know that I love SEO and online marketing and talk on same, practice same and yes, even “live” same day-in and day-out…but something that may be new to you all, is my love of the whole premise of what crowdfunding is – and what it can be too!
First a definition – directly from Wikipedia – that says the following about crowdfunding…