What started off as the usual demo day for the Entrepreneurs Roundtable Accelerator in New York quickly showed how the JOBS Act’s new rules on fundraising have clamped down the way startups pitch—or have they?
Over and over, the audience at last month’s ERA demo day was told the companies on stage were not seeking funding, which was taken by many as a response to JOBS Act provisos that went into effect on Sept. 23 regarding general solicitation.
Image: xeconomy.com
