Tuesday, April, 24th

Here's that song again.

The Glee Cover of
Somebody That I Used To Know

» PermaLink

Saturday, March, 24th

Crowd-funding Equity in Your Company Legal in U.S. Soon

The JOBS ACT (Jumpstart Our Business Startups) has passed the U.S. Senate, 73-26. The amended bill H.R. 3606 goes to the House of Representatives for a vote next week.

The legislation does not actually create or fund jobs. Instead it relaxes regulations on "emerging growth companies" (companies under $1,000,000,000 in annual gross revenue) in raising capital by amending the Securities Act of 1933.

One of the game changing provisions in the legislation allows companies to crowd-fund by soliciting investment from individuals in exchange for equity shares, not just incentive gifts. Prior to this legislation, private placement offerings could only be made to accredited investors and not be publicly advertised.

Dan Primack, who follows the venture capital and private equity beat for Fortune, describes this provision:

Enable crowd-funding: Consider this the Kickstarter-for-equity provision, allowing companies to issue shares in exchange for crowd-funded capital. This basically is for companies that either are too small for traditional angel/VC funding, or companies that are unable to secure such capital. In other words, we're probably talking about a proliferation of thousands of lousy companies. But if just one or two become the next Facebook, then the trade-off is worth it.


You can read the fine print here.

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Friday, January, 6th

Play it again


This is what is you call a cover.




Five musicians, one guitar.

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