Banned for 70 Years Until this Changed Everything
from Exploring Prosperity- Challenging Pessimism in the US Hosted by Bob Dewey
Before 2012, if you weren't wealthy or well-connected, you couldn't invest in most private companies - and those companies couldn't publicly ask for investment. Douglas Ellenoff, one of the architects of modern crowdfunding regulation, explains how the JOBS Act changed everything. Through regulated portals, retail investors can now participate in early-stage investments, and entrepreneurs can raise up to $5M through crowdfunding. Despite initial resistance from the SEC and Wall Street, the program has shown remarkably low fraud rates while creating hundreds of thousands of jobs and new opportunities. Thank you to our sponsor Truflation. Learn more at https://truflation.com/ Most importantly, crowdfunding has opened doors for those traditionally excluded from capital markets. Women and minority-led businesses have found significant success, and investment opportunities have spread beyond traditional financial hubs. Watch as Doug explains the battle to democratize investment in America and its impact on entrepreneurs and investors alike. Chapters: 00:00 Reversing Securities Law 01:20 Investment Limits and Protection 02:33 Getting Through Congress 05:51 Types of Crowdfunding 06:37 The Impact of Regulation on Capital Markets 09:36 The Evolution of Crowdfunding 09:56 Impact and Jobs 11:54 Fraud Statistics 13:57 Geographic and Demographic Impact 16:16 Exploring Pessimism and Optimism in Society This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit www.exploringprosperity.com/subscribe
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