President Barack Obama announced that he would sign the Jumpstart Our Business Startups (JOBS )Act and SeedVo.com is already taking advantage of the upcoming law. The legislation removes SEC regulations preventing small businesses from using general advertisements to attract investors. SeedVo.com allows entrepreneurs and small businesses to post investment advertisements and video pitch presentations to potential investors. SeedVo.com was a sole proprietorship for only five days as it has now incorporated to seek potential investors and partnerships to offer additional services.
SeedVo.com is excluded from the Merkley crowdfunding amendment of the JOBS Act because this is not a crowdfunding site, broker or funding portal, but the company is definitely operating under SEC rules and the provisions of the new JOBS Act. They are the crowdfunding alternative", says Lamb, although she says businesses that use crowdfunding sites may announce their campaigns on SeedVo.com for added exposure. The site will also add third party investment counseling.