Update on the JOBS Act - Title II and Crowdfunding

September 20, 2013 · IGG

Update on the JOBS Act – Title II and Crowdfunding

Hi Everyone,

As you might have read recently, Title II of the JOBS Act (Jumpstart Our Businesses Startup Act) will go into effect on Monday, legalizing the public solicitation of accredited investors in the United States. In other words, it will lift a decades-old ban and thus allow companies to advertise freely that they are raising funds.

In light of this upcoming announcement, we wanted to take a moment to let the Indiegogo community know that although this ruling won’t affect you directly, it is undoubtedly an important milestone for the future of crowdfunding.

As a pioneer in the industry, Indiegogo has long been a strong proponent of equity crowdfunding (Title III). While we excitedly await the SEC’s regulations on it, we see the implementation of Title II as a meaningful step in the right direction — one that’s both aligned with our continued commitment to democratizing funding and our focus on empowering anyone to fund what matters to them.

Slava

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