Is This the Proposal That Could Save Crowdfunding?
Proposed fixes to Title III could ease the way for more equity crowdfunding.
They run the gamut, from a company that makes customizable condoms, to another that sells moonshine-based liqueurs, to yet another that bills itself as a social network for gamers.
These are not risquée fly-by-night enterprises; they’re part of the crop of startups that have joined StartEngine, one of the first approved equity crowdfunding portals. Thanks to Title III of the Jumpstart Our Business Startups (JOBS) Act, which went into effect in mid-May, they can now raise money by soliciting small-time investors who want to purchase shares.