Difference between revisions of "JOBS Act"

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This page is about the Crowdfunding provisions of the JOBS Act.
For more general discussion and background materials about Crowdfunding, go [[Crowdfunding|here]]
==Basic Information==
Public Law 112-106
Public Law 112-106


Capital Raising Online While Deterring Fraud and Unethical Disclosure Act of 2012
Capital Raising Online While Deterring Fraud and Unethical Disclosure Act of 2012


"Crowdfund Act" - Title III
"Crowdfund Act" - Title III<br>
112 Congress  
112 Congress  
Janelle Orsi - Sustainable Economies Law Center / East Bay Community Law Center<br>
Kadavitch & Kassen (K2) - Cutting Edge Capital<br>
[http://slowmoney.org/ Slow Money]


Sec. 302<br>
Sec. 302<br>
16) offer or sale of securities by an issuer<br>
A6) offer or sale of securities by an issuer<br>
A) 12 mo. period; no more than $1,000,000
A) 12 mo. period; no more than $1,000,000<br>
i) greater of $2K or 5% of capital income of investor < $100K<br>
i) greater of $2K or 5% of capital income of investor < $100K<br>
ii) 10% of annual income, not to exceed $100K
ii) 10% of annual income, not to exceed $100K
Line 22: Line 23:


==Issues to Discuss==
==Issues to Discuss==
Public Comments<br>
Public Comments
-Collaborative Hackerspace model - promoting other hackerspaces <br>
*Collaborative Hackerspace model - promoting other hackerspaces  
-Federation
*Federation
*Distributed non-profit / innovation center that spawns companies
*Minimum amount for investors
*Disclosure in documents
 
==Human Resources==
*Janelle Orsi - Sustainable Economies Law Center / East Bay Community Law Center
*Kadavitch & Kassen (K2) - Cutting Edge Capital
*[http://slowmoney.org/ Slow Money]
*[http://schoolfactory.org SchoolFactory] - Hackerspace Federation. Contact: James Carlson or Willow Blue
*[http://www.lacocinasf.org/ La Cocina]
 
==Crowdfunding Software==
*[http://selfstarter.us Selfstarter] - roll your own crowdfunding platform. FOSS.
*[http://catarse.me/en Catarse] - FOSS crowdfunding platform from Brazil
*[http://cloudfunded.com/ CloudFunded] - Finance platform for local and sustainable businesses.
*[http://thepyre.org/wiki/Funding] - Curation of crowdfunding platforms

Latest revision as of 12:10, 12 April 2013

This page is about the Crowdfunding provisions of the JOBS Act. For more general discussion and background materials about Crowdfunding, go here

Basic Information

Public Law 112-106

Capital Raising Online While Deterring Fraud and Unethical Disclosure Act of 2012

"Crowdfund Act" - Title III
112 Congress

Sec. 302
A6) offer or sale of securities by an issuer
A) 12 mo. period; no more than $1,000,000
i) greater of $2K or 5% of capital income of investor < $100K
ii) 10% of annual income, not to exceed $100K

Sec 4A. A person acting as an intermediary
1) Register w/ Commission as
A) Broker
B) A Funding Portal

Issues to Discuss

Public Comments

  • Collaborative Hackerspace model - promoting other hackerspaces
  • Federation
  • Distributed non-profit / innovation center that spawns companies
  • Minimum amount for investors
  • Disclosure in documents

Human Resources

  • Janelle Orsi - Sustainable Economies Law Center / East Bay Community Law Center
  • Kadavitch & Kassen (K2) - Cutting Edge Capital
  • Slow Money
  • SchoolFactory - Hackerspace Federation. Contact: James Carlson or Willow Blue
  • La Cocina

Crowdfunding Software

  • Selfstarter - roll your own crowdfunding platform. FOSS.
  • Catarse - FOSS crowdfunding platform from Brazil
  • CloudFunded - Finance platform for local and sustainable businesses.
  • [1] - Curation of crowdfunding platforms