As a side-effect of working in a crowdfunding startup, I get to connect with cool folks doing cool stuff.
Right now we have a small team working to bring Investment Crowdfunding to North Carolina — well ahead of the JOBS Act (Title III) and to be frank, more effectively in several ways than the Federal JOBS Act.
The best part? You can make a difference. State legislation moves more quickly than Federal; we have approximately 30 days to rally support for this new mechanism for small business and startup funding… tell everyone you know about this, and let’s flood the legislature’s office with calls and emails of support.
We want Investment Crowdfunding here in North Carolina — and you can help make it so. Here’s a handy page to find your legislator’s email address.
More info at the JOBS-NC blog now and to come: jobsnc.blogspot.com
Memo from my teammate Mark Easley below.
New North Carolina Crowdfunding Legislation
A bill has just been introduced into the North Carolina state house legislature which will enable a new way to finance small business using investment crowdfunding. Start-up companies and small businesses play a critical role in creating new jobs and growing the economy. Crowdfunding, or raising money through small contributions from a large number of investors, allows smaller enterprises in North Carolina to have access to the capital they need to initiate new business ventures as well as to expand operations and hire additional staff.
Details about the North Carolina Jump-Start Our Business Start-ups Act (JOBS Act) can be found on theNorth Carolina JOBS Act of 2013 Blog. The bill is sponsored by Representatives Tom Murry, Tim D. Moffit, Phil Shepard, and Kelley E. Hastings. We will be providing news and updates via the blog, so we encourage everyone who is interested to sign up for email updates there.
Our first expert review is in, and the North Carolina approach to investment crowdfunding has been called “Brilliant!” and “worthy of support” by prominent national crowdfunding and legal expert William Carleton. His post about the bill is called “5 Ways a North Carolina Bill puts the Crowd back in Crowdfunding”
We would greatly appreciate your support for this bill. It would be very helpful if you could publish the link to the blog, send it out by email and tweets (#jobsnc), or create blog posts about it. We want to get the word out to the entire start-up and small business community in North Carolina as soon as possible as this legislation moves forward. Please send me any links to your posts about it.
Mark Easley Sr.