The JOBS Act signed into law by President Obama on April 5th 2012 is exciting news. The new law allows a company to use crowd funding for seeking actual investors. To protect investors, those with a net worth of less than $100,000 may now invest 5% of their yearly income or $2,000, whichever is higher. CVG will be posting information about Crowd funding for entrepreneurs and investors here.
An interesting article by Robert Shiller , Yale Professor compares crowd funding to other great innovations like limited liability companies and promotes it as one of the best ways to democratize Wall street . He also promotes financial innovation as a way to solve many vexing problems — including many for those in the 99 percent.
Other Articles related to the JOBS Act
- Senate Approves Crowdfunding, as Crowdfunds Rush to Take Advantage – Forbes
- Obama Signs Bill to Ease Investing in Start-ups – NY Times
- Official White House Press Briefing
- JOBS Act Opens Fundraising Doors for Small Firms – CNN Money
- Crowdfunding: What It Means for Investors – Smartplanet blog
- With JOBS Act Becoming Law Crowdfunding Platforms Look to Create Self-Regulatory Body – TechCrunch
- Will the JOBS Act Live up to its Name – Time Business
- Obama Signs JOBS Act Into Law – ABC News
- JOBS Act a Win for Startups and Economy – CNN
- JOBS Act Seeks to Ease Capital Raising Burdens for Emerging Growth Companies