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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?
With the passage of the JOBS act , it seems that many more Americans will soon be able to buy equity in private companies. I am no expert on the law, but I have been investing in private companies for about a decade, and during that time I’ve seen many cases where large investors used financial engineering to artificially reduce the value of smaller investors’ equity.
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.