The moment many of us have been waiting for finally arrived! On Friday morning, the Securities & Exchange Commission (SEC) voted to approve the FINAL rules for Title III Equity Crowdfunding under the JOBS Act legislation.
So what does this mean to the average working class citizen? Well, in a nutshell, it means that in approximately 90 days, ANYONE, regardless of their income, will be able to invest in a startup by purchasing shares or issuing debt and earning a financial return on their investment.
This also provides entrepreneurs who need to raise capital a HUGE new investor pool - for there are no restrictions on income or net worth in order to make these investments (there are caps / safeguards however built into the legislation).
I will continue to update everyone on this as we approach activation. But for now, know that this news is plenty reason to celebrate!
To everyone who has been following this movement for the last few years, get ready for many things to change in a major way!