Crowdfunding Law Will Turn the Start-Up World Upside Down - Tim Rowe - Voices. Remember that special moment when we all realized that the Web was going to remake yard sales and auctions, but we didn’t know yet who was going to win? (And then eBay left the rest in the dust?) Such a moment has come again, and with a choice prize: Investing in start-ups. The House has already passed crowdfunding legislation, by a whopping majority. The president supports it. Senators on both sides of the aisle (Merkley, Bennet, and Brown) have agreed on a version. Entrepreneurs are signing petitions to support it. What would this mean? Everybody likes the innovation and jobs that this could propel. Here’s how this is going to play out: Intermediaries (the future eBays of this space) will spring forward to handle the paperwork, do background checks on issuers (required), ensure that offerings are well described and enforce balanced investment terms.
This could be big. Up next? Tim Rowe testifies before the Senate Banking Committee | Cambridge Innovation Center Blog. Our CEO, Tim Rowe, was back down in DC this morning testifying before the Senate Banking Committee at a session on ”Spurring Job Growth through Capital Formation while Protecting Investors.” Tim was there to advocate for the crowdfunding legislature that is currently before the Senate. If you are new to crowdfunding, NPR did a great overview piece on it this morning prior to the Senate Banking Committee session that includes some comments from Tim.
A parallel effort to the crowd-funding legislation is building an “IPO On Ramp” in America, which Tim also supports. With the introduction of SOX laws, as we all know it has become much more onerous to become a public company. If you would like to watch the session before the Senate Banking Committee, video is available here. Tim Rowe testifies alongside Mr.
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