Under the JOBS Act, entrepreneurs will be able to raise up to $1 million per year through online crowdfunding platforms like SoMoLend, Peerbackers and Crowdfunder. The bill includes added protection for non-accredited investors. The amount investors will be able to lend depends on their income, with some individuals capped at $2,000.
Candace Klein believes that securities laws were put in place in 1933 and 1934 for very good reasons. While current securities regulators do not have the tools in their toolbox to adequately make sense of this new crowdfunding industry, Klein doesn’t wish to undermine the protection for investors that the nation has spent decades building. She also wanted the country and its entrepreneurs to be on the forefront of innovative new ways to spark investment in new business and jobs creation. Crowdfunding can change the world, but make sure they do so responsibly!
Founded in 2010, the industry website, Crowdsourcing.org, is a neutral organization dedicated solely
to crowdsourcing and crowdfunding. As one of the most influential and credible authorities in the crowdsourcing space,
Crowdsourcing.org is recognized worldwide for its intellectual capital, crowdsourcing and crowdfunding
practice expertise and unbiased thought leadership.