Signed into law last week by President Obama, the JOBS Act (Jumpstart Our Business Startups Act) is heralded as a measure set to revolutionize how startup companies, investors (experienced and novice), the SEC and Wall Street will be able to interact in the investment world. The Act’s most popular content, treatment of the practice of crowdfunding, an issue that arose with the emergence of platforms like Kickstarter, potentially opens startups up to millions of investors they never before would have had access to due to the Securities and Exchange Commission’s (SEC) rules on investing and rules as to what type of person qualifies as an “accredited investor,” a term of art that essentially outlined requirements that must be met for someone to be an investor. More in the Huffington Post here.
