SEC Greenlights Currently Legal Crowdfunding

According to TechCrunch, "The SEC today paved the way for a new era of venture capital investing by stating it won’t pursue enforcement action against FundersClub, whose platform lets any accredited investor fund startups in exchange for equity. Before, some thought FundersClub’s founders could face jail time for violating finance laws. FundersClub’s model could be used by others to raise capital online for startups before the JOBS Act goes fully into effect."

This is a good sign, but not the small scale equity crowdfunding approval we have been waiting for. The SEC validated something that is currently legal to do: it let investors with over a million in net worth invest using an online platform. Yawn. See article links below.

Nothing to see here. Please move on.

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Crowdfunding Accounting 101 - Revenue Recognition in Crowdfunding

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Crowdfunding for Gamers

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Equity Crowdfunding in the District of Columbia 7/22 at 6:30 pm

Equity Crowdfunding in the District of Columbia According to recent news reports, "D.C. regulators are drawing up a proposed framework that would allow District startups to take advantage of equity crowdfunding from District investors, following a growing number of states which have passed similar measures in recent months. D.C.'s Department of Insurance, Securities and Banking (DISB) is preparing to publish a proposed rule that would give companies within the city “an alternative to existing methods of raising capital,” the agency said in a statement to the Washington Business Journal. That proposal, according to DISB, “is similar to those that are being developed in other states and the SEC’s proposed crowdfunding regulations.” We will describe state-level equity based crowdfunding, discuss specific crowdfunding campaigns and announce a new initiative. https://equitycrowdfundingdc.eventbrite.com

Crowdfunding Now!

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