2,800 crowdsourcing and crowdfunding sites
No-action letters from the SEC to FundersClub and AngelList have lessons for other platforms in the accredited investor crowdfunding space - if not for those crowdfunding portals waiting on rules to implement investment crowdfunding for non-accredited investors.
Hopes being placed on prospective SEC regulations are based on a false promise. Non-accredited investment crowdfunding under the JOBS Act was never meant to actually work.
Now that the US 2012 election is over, it's time to make sure equity crowdfunding will work for all Americans.
Should Rep. Patrick McHenry be angry about what has happened to his signature equity crowdfunding bill, or should he just start over? In this post one of our resident experts, contrarian and attorney William Carleton, envisions what a "do-over" might look like. Carleton argues that the interests of all involved were sacrificed by what the Senate did to the equity crowdfunding legislation.
Crowdfunding is really heating up in Washington, D.C. with new developments every day and plenty of mainstream media attention. But few people are as close to the issue as Crowdsourcing.org's contributors. The following comes to us from contributing expert William Carleton, who has been following the different bills to legalize crowdfunding in the U.S. Congress for us for months now. This post was originally published on his blog. Carleton is a Seattle attorney with experience as a startup lawyer and angel investor.
The same Congressperson, Rep. Patrick McHenry (R) of North Carolina, has introduced separate pieces of crowdfunding legislation, one for the general public and one for angel investing. That's awesome, although the two pieces of legislation don't exactly synch.