Amazon, Atavist, Beacon Reader, Byliner, iTunes, Kobo, Medium. There are plenty of online platforms where writers can get longform stories and ebooks published, or even publish the work themselves. But while it’s easier than ever to get your work seen, it’s not necessarily easy to make real money. CJR asked some writers how much profit they made from their self-publishing…
Bipartisanship is so rare in Congress these days that one hopes every meaningful law passed with even just an ounce of across-the-aisle support is the best gosh-darn law it can be. Unfortunately, that can’t be said about one of the last bipartisan laws of note, the JOBS Act of 2012....
A. Brian Dengler's insight:
The author of this Slate article suggests that "Crowdfunding’s extensive registration and disclosure requirements manage to be simultaneously too heavily regulated for businesses to use and too poorly regulated to protect investors.."
The Agenda How small-business issues are shaping politics and policy. It has been more than three months since the comment period on the Securities and Exchange Commission’s proposed rules for equity crowdfunding ended, and with no sign of final regulations on the horizon, stakeholders are getting antsy. The crowdfunding industry’s supporters are wondering when the agency, which was supposed to have those rules in place at the beginning of 2013, will finally let them begin selling stock in start-ups and emerging companies to average Americans.
Guest post by Jason Wiens More than two years after passage of the Jumpstart Our Business Startups (JOBS) Act, the U.S. Securities and Exchange Commission (SEC) is still writing the regulations that will govern equity crowdfunding in America. Widely anticipated for its perceived potential to unlock hundreds of millions of dollars in [...]
At a high level, Rep. Patrick McHenry has proposes in his new bill: Raising the aggregate amount is $3,000,000 and allowing adjustment for CPI. Raising the aggregate amount to $5,000,000 If the issuer provides potential investors with audited financial statements. Individual investor can provide greater of $5000, 10% of annual income or 10% of net worth Regarding reporting requirements, a startup can rely on a financial statement certified by principal executive officer if raising amounts less than $500,000. Financial statements must be reviewed by a public account if raising funds between $500,000 and less than $ 3 Million. Regarding verification of investor, an intermediary may rely on a certification by an investor as to the investor’s status as an accredited investor and, regarding an unaccredited investor, the investor’s annual income, network, and the aggregate amount of securities sold to the investor in reliance on the exemptions provided under Title III. Other terms: An intermediary does not need to be registered as a broker. An Intermediary may select transactions. An intermediary may terminate transactions.