Crowdfinance lets entrepreneurs control their destiny
Crowdfinance has ushered in exciting times for the entrepreneurial world. With the passage of the Jumpstart Our Business Startups Act (“JOBS Act”) in 2012, old restrictions on how startups can raise capital, many dating back to the Great Depression era, have been loosened. These changes democratized access to capital and put more control in entrepreneurs’ hands. One of the most important changes under the JOBS Act was Title II. This legislation mandated that the SEC lift the ban on general solicitation and general advertising in certain private capital raises. Since Title II took effect in September 2013, these companies...
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