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Cutting Edge Crowdfunding
June 19, 2014 @ 5:00 PM - 8:00 PM
Location: Ann Arbor SPARK Central, 330 E. Liberty St, Lower Level, Ann Arbor
In June, NEF’s panel of experts explores the latest in the crowdfunding controversy. The JOBS (Jumpstart Our Business Startups) Act, which was passed two years ago, continues evolving as it attempts to do the impossible – protect investors and enable companies to raise money from strangers from all over the country. Parts of the JOBS Act have been in place for a year. The final and most exciting part of the law – the part that will let startups use Kickstarter-style campaigns to offer investors not just gifts and pre-sales of products, but actual equity shares in their companies – is still mired in confusion and delays.
The JOBS Act was supposed to make it easier for startups to raise equity capital. New interpretations of the SEC rules, however, have raised concerns about whether crowdfunding campaigns and even public pitch competitions and investor presentations trigger filing requirements for soliciting non-accredited investors. Is there still hope that crowd-sourced funding for equity investments will give startups the opportunity to appeal to the crowd at large? Or will the SEC’s 585 pages of proposed rules combined with the latest interpretations of those rules continue to put up road blocks? How can smart entrepreneurs stay within the guidelines and still get the capital they need?
NEF’s experts will provide the latest information on crowdfunding rules both in Michigan and on a national basis. Don’t miss this opportunity to get your questions answered and determine whether crowdfunding could work for your venture.