Every week, Dowser provides a roundup of the latest news in social change and innovation.
Obama Jobs Plan Calls For Less Red-Tape In Crowdfunding
The future of crowdfunding is at stake in President Obama’s jobs plan, which he promoted throughout September, particularly in Silicon Valley. The bill suggest that a lifting of the Securities and Exchange Commission (SEC) ban against crowdfunding as an investment strategy (essentially microinvesting) could lead the way to job creation, GOOD’s Alex Goldmark reportedthis week.
The first clause of the President’s jobs act states that the phenomenon of online crowdfunding has allowed small-scale entrepreneurs to raise startup funds. But, it goes on, “imagine the possibilities if these small-dollar donors became investors with a stake in the venture.” The White House’s Startup America initiative will be charged with exploring this possibility. Read more