Tuesday, May 08, 2012
President Obama's JOBS Act enables small businesses to use the internet to raise up to $1 million in small investments.
The funding mechanism has generated excitement in the world of sustainable business, where goals are often driven by a mission rather than profits, making it difficult to attract angel investors or venture capital.
Before the JOBS Act, soliciting equity capital online was forbidden under U.S. Securities & Exchange Commission rules. Companies were limited mostly to seeking out “accredited investors” — individuals with a net worth of at least $1 million — giving them just a tiny fraction of the population from which to solicit equity capital.
Read more at Sustainable Business Oregon.