During the signing ceremony, Obama said, “For start-ups and small businesses, this bill is a potential game changer. Right now, you can only turn to a limited group of investors -- including banks and wealthy individuals -- to get funding… Because of this bill, start-ups and small business will now have access to a big, new pool of potential investors -- namely, the American people. For the first time, ordinary Americans will be able to go online and invest in entrepreneurs that they believe in.”
The seed for the JOBS Act was planted by Sherwood (Woodie) Neiss In August 2010.
- The road to crowdfunding was paved by a bipartisan coalition of organizations and individuals, including Ryan Feit.
- I met Ryan at Startup Weekend Philadelphia.
- Ryan pitched SeedInvest.
- As a longtime advocate for minority entrepreneurs, I recognized that crowdfunding could indeed be a game-changer.