In 2012 president Obama signed into law the “Jumpstart Our Business Startups Act,” commonly known as the JOBS Act. Embedded in the act are provisions allowing for the loosening of certain SEC regulations to allow for what activists call “equity crowdfunding.” Because it took several years for these provisions to go into effect (Title III of the JOBS Act actually just came into play in May of 2016), their implications for the way businesses are funded have gone very much unnoticed by many Americans. This is unfortunate, because this new way of doing business could potentially revolutionize capital in America.
