House of Representatives Passes Jobs Act. How Does It Transform the Crowdfunding Industry?
While the passing of the Jobs Act was definitely a good thing, a lot remains to be seen as the legislation makes its way through the Senate.
Contributed by Luan A. Cox, Co-Founder and CEO-Crowdnetic. Crowdnetic operates crowdfundig sites HelpersUnite.com and GreenUnite.com
No matter what the legislation ends up looking like, one thing is already evidently positive: the crowdfunding industry will become a real and credible driving force in our capital markets system. Not to be overlooked in the passage of crowdfunding legislation, and its potential effect on jobs creation, are the ancillary technologies and services that will be created in order to increase the performance standards required to properly facilitate the exchange of cash for equity.
So, not only does crowdfunding legislation benefit U.S. entrepreneurs, but it also has the potential to create an entirely new and expansive industry. Similar to the traditional businesses that exist in the equity and bond markets today (such as research, transaction processing, portfolio management, data aggregation, and news), we will witness the birth and growth of additional and complementary services to the U.S. financial system (and all the jobs it will create).
We at Crowdnetic (HelpersUnite.com and GreenUnite.com) look forward to being an integral part of the transformation of our industry. We are committed to working with fellow crowdfunding organizations towards improving technological and due diligence standards in order to protect both investors and entrepreneurs.
Happy crowdfunding!