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.
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