It’s a set of bills intended to make raising money easier for entrepreneurs and small private businesses. The Senate just passed it today. The House will now vote and then President Obama is expected to pass it into law.
One purpose is to ease SEC regulations on private business, some of which have been in place since the 1930s. One effect is to benefit the trend of crowdfunding, in which a network of people fund a project or business. Successful crowdfunding sites include Indiegogo, Kickstarter, and AngelList.
As a co-founder of Slated, the premiere crowdfunding site for film investment, I welcome these changes, not only because they’ll increase the capital available to filmmakers, but also because they make investing in film accessible to those who are interested.Tags: Crowdfunding, Film Finance, Gov't
Posted in News & Events, Slated, Tech