The Jobs Act and Its Effect on Entrepreneurship, Small Business and Crowdfunding : Under30CEO The Jobs Act and Its Effect on Entrepreneurship, Small Business and Crowdfunding : Under30CEO
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The Jobs Act and Its Effect on Entrepreneurship, Small Business and Crowdfunding

| September 16, 2012 | 3 Comments

In this year’s election, of the key issues that we have and will continue to hear about, are how small business owners and entrepreneurs will be supported and empowered as the world economy moves continues to recover. Fortunately for us entrepreneurs, movements have already been made, as many of you may know.

To show their support of the “backbone of the economy,”  President Obama and Congress passed the Jumpstart Our Business Startups (JOBS) Act in April 2012. Ultimately, this act allows businesses to raise capital from individual investors – otherwise known as crowdfunding.

This presents a major shift in empowering entrepreneurs to raise capital from individuals to help them launch their product and pursue building a business that beforehand was much more difficult in raising the money. With this act and crowdfunding platforms such as Kickstarter, Indie Go-Go, and Fundable, entrepreneurs and idealists have been able to build community in the early stages of their business and build public support that was previously unobtainable until after launch.

This opportunity is something that all entrepreneurs should understand and weigh when starting up… To help understand the JOBS Act and its effect on crowdfunding, check out the infographic below by Fundable and EarnMBA Degree.

Harrison Kratz is the Community Manager at MBA@UNC, the new online program that allows students to receive an aacsb online mba degree from the University of North Carolina. Harrison also sticks to his entrepreneurial roots as the founder of the global social good campaign, Tweet Drive, which has collected over 6,000 toys since they launched in 2010. You can connect with Harrison on Twitter, @KratzPR.

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Category: Startup Advice

  • Aaron Wright

    Nice summary of crowdfunding. I didn’t realize it went all the way back to the 1700′s. I have been thinking about crowdfunding for an idea I have been working on. I looked in to Prosper, but it is not available in North Dakota (where I live) for some reason. Probably some dumb state law. Anyway, this infographic gives me a good list of other places to look. Thanks.

  • William Michael Cunningham

    While I might disagree with some of the purported facts on the timeline, the overall conclusion is sound. See my blog posting on How to Crowdfund:

  • Briana Gilmour

    Thanks for sharing this information. I never knew that
    crowd funding was an old technique. Internet crowd funding is booming! I have
    opened my own crowd funding site on
    Crowd funding is the way.