JOBS Act

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