Yesterday W3W3.com released two interviews with Funding Launchpad leaders, CEO Steve Reaser and Adviser Brian Tsushiya, about investment crowdfunding.
The interview with Steve Reaser covers the key benefits of the JOBS Act (H. R. 3606):
- The ability to tell lots of people about your offering
- The ability to raise money from non-accredited investors
While enactment of the legislation won’t go into effect for 9-15 months, Steve has followed the legislation since his origins and demonstrates his understanding of how this bill might affect entrepreneurs. Steve also pointed out that investment crowdfunding is legal today, allowing small business to raise up to $1 million under existing laws. Please contact us at founders@FundingLaunchpad.com if you are interested in learning more.
Brian Tsushiya announced his intention to launch the Crowdfunding Alliance, we he plans to be the industry’s global trade association. According to Brian, “We have Wall Street on the east coast, technology on the west coast, and we want Denver, right in the center, to be the headquarters for crowdfunding”.
The genesis of the Crowdfunding Alliance is the fact the most businesses are not venture capital fundable (Brian says in only one in a thousand businesses are), the fact that angels only invest at certain dollar levels and in certain industries, and that banks are not lending. The JOBS Act and investment crowdfunding will fill that gap if a system of trust between investors, entrepreneurs, and funding portals can be created. The Crowdfunding Alliance intends to create the environment of trust.