As recently covered in the Wall Street Journal, states such as Georgia are on the vanguard of putting equity crowdfunding theory into practice. They’re removing the “accredited investor” limitation, allowing people like you and me to invest in private companies, and they’re doing it ahead of the SEC’s implementation of the JOBS Act. For those of us who believe that “accredited investor” limitations are antiquated and unjust, such state-level efforts represent real progress toward a better future. That’s why, after helping to craft the crowdfunding provisions of the JOBS Act two years ago, I began working with Mark Easley and Steve Reaser to introduce an improved version of crowdfunding in my home state of North Carolina.
Dec 12, 13