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I have no faith in the equity crowdfunding provisions of the JOBS Act accomplishing any goal other than that which is the opposite of what the Act was even initiated for. Entrepreneurs are being F’d in the A by the govt.

  • I understand exactly what your saying. The most crucial part allowing individual investors and not just accredited investors is stalled. And it sucks like hell when all the crowdfunding sites barely accept anyone. Finish the law Obama and watch small businesses shine.

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  • couldn’t agree more. the fact that you can’t have your friends and family put in small amounts without being accredited investors is protectionism at its finest, a way of artificially limiting capital to the hands of the wealthiest individuals and keeping the cost of capital artificially high. It’s not Obama’s fault, you can blame your friendly VCs and rich people, on both sides of the aisle, for blocking it.

    As for “protecting” people from scams, perhaps they should have thought of that before melting the entire US economy down. Wall street doesn’t give two shits about people, just protecting themselves.

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    • Agree. Stupid that anyone can gamble any amount anytime in casino, yet only accredited investors can put a little money into your startup, which probably has better odds.

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