“This removes the biggest barrier to entrepreneurs,” Fundable’s Eric Corl told me just minutes ago. “This will give entrepreneurs a much better way to reach outside of their network for capital.”
“BC has had legalized crowdfunding for a decade,” super-angel Mike Volker said last night at the Vancouver Enterprise Forum event on crowdfunding. “It’s the only place in North America, and there are no restrictions, no limits.”
For all those who wonder what the heck the JOBS Act is, and why President Obama signed it into law … there’s an infographic for you.
The Securities and Exchange Commission, which governs investing and trading stocks, is proposing an update that will enable crowdfunders to more easily sell shares in their companies.