JOBS Act becomes law, but questions linger about potential for fraud

President Obama signed the Crowdfunding Bill, aka the JOBS Act, into law today. It will change the way startups do business in a lot of ways, most notably by making it easier for them to accept smaller investments from a larger number of investors. Chance Barnett, chief executive officer of crowdfunding service provider Crowdfunder, sent us the nifty infographic below helping to explain.

3 reasons crowdfunders will hit consumer products first

President Obama is expected to sign the JOBS Act into law tomorrow — a piece of legislation that allows small businesses to receive investments via crowdfunding. This Act will benefit investors by providing a new source of portfolio diversification and potentially strong returns. It will also benefit startups and small businesses by opening up a much needed source of financing. While crowdfunding holds promise for many different industries, there are three reasons why investors should look closely at consumer-related companies in particular: