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.
Yes, right up front, by using the “our” in this blog post, you should know that I’m involved with a new startup, Snappay that is a mobile POS system built for merchants to use their smartphone to charge a customer/client’s credit card. And I’m very pumped on this venture into the financial payments channel too!
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.
On March 8th, the group of US Congress bills, collectively called the JoBS Act (Jumpstart our Business Startups) passed the House of Representatives and now goes to the Senate….and IMHO, that spells trouble for our Canuck startup futures…but let me explain! You already know as a reader, that we’ve been watching closely on HR 2930, the Crowdfunding Bill, but this group encompasses much more opportunity for both startups and investors and here’s a simple one-pager on the Act itself…
Right now, it’s illegal for a US or Canadain startup to solicit investors on platforms like Twitter or Kickstarter. But the US-onlyJOBS Act would change that south of the border only!
As many of you readers know, we run a successful SEO practice here in the Hamilton area…and it’s really what gets up up each day. That said, you may also know that we work damn hard here too for our startup community…and I am only one “spoke” in that wheel…but it surely provides us with lots to do – and to think about too.
Enter my point today – that as a startup founder you need to speak to your customers BEFORE you bloody well go off on a tangent – lengthy rant on!
I was excited a few days ago, to find over on techcrunch.com a great piece there on a new SaaS product that I thougth just might help me big-time in my own new startup, a mobile app, and I read that I could use this new product to help market my own startup. Cool I thought….and that’s what led to my total frustration with the founders of same.
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.
Over the past year, since Xmas actually in 2010 when I got an Apple iPad, I’ve been very much following the rollout of this new hardware, the personal tablet for use at work. Not, as many others do, I’m guessing to surf or watch movies or listen to your own music playlist, but to actually “do” something in the business world.
Look at presi’s maybe, or a Word .docx or an Excel ss…you know, stuff we all do all day long on our PC….but instead now do on a tablet. And just in December last, I got a brand new RIM PlayBook which I now love and use daily butI guess, I’m very much wanting more…but let me explain.
Once again, it was my pleasure to be asked by the Innovation Factory folks, to help coach and mentor the next batch of our Hamilton startups for their presentations to Innovation Night:3 held just last Wednesday nite at the MIPs Centre here in Hamilton! And what a batch it was!
We had founders that were inventors, community builders, marketing mavens, new app builders and print publishers…and one and all were so damn passionate that it was a pretty easy task to coach them into developing their one or three minute presentations – and myself and the other coaches/mentors there all had a great time doing just that and I wanted to invest in a couple myownself, eh!
Okay, if you read here often, you know that I’m totally in love with the Velocity model, used by the University of Waterloo to foster entrepeneurship and education and to bring same to undergrads at that fine university.
And what have I so far been able to “do” about that love….so far not too damn much!
It was my great pleasure to be invited last week to help out with the Innovation Factory’s Workshop for candidates for their Innovation Night Startup presentation judging….and was I impressed along with the other mentors there too!
It’s a Monday again and I’m up to my neck in ‘gators which is what life in the SEO swamp is like at times….but I love the first blog post of the week so here goes my thinking on various items that have entered our Canadian SEO world over the past few days, eh!