Are we legal yet?
The President has just (like, a minute ago) signed the JOBS Act of 2012, which includes the authorization for crowdfunding. So when can we actually start crowdfunding? NOT YET, and please folks, let’s be careful out there. Some cautionary lawyer-talk after the jump. Two things need to happen before Crowdfunding Launch Date. First, the SEC has to adopt its […]
The top seven tips for crowdfund investors
1. Know what you are buying Startups can offer equity or debt, or different classes of shares with different rights. Understand what you are buying and what rights you have. In an equity investment, the investor becomes a shareholder, and owns a small part of the business. Whether the shareholder has a vote or not depends on what sort […]
Useful stuff in the Congressional record
Not sure about some of the crowdfunding provisions in the JOBS Act? Well, we’ll be providing a plain-language summary of the Act on this site very soon. In the meantime, a couple of the Senators most concerned with crowdfunding have made some very helpful comments that clarify, for example, that crowdfunding portals are allowed to […]