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Crowdfunding: With JOBS Act Title II, the web will ‘eat financing and investing’

Today a massive change in investment financing goes live. Title II of the JOBS Act, which is meant to open up more investment capabilities and stimulate the new startup economy, is now in effect, killing an 80-year ban on telling people that you are raising money. And an even bigger change allowing ordinary people — read, non-millionaires — to invest, is coming soon. That’s music to the ears of Chance Barnett, CEO of Crowdfunder. Crowdfunder is a connector of startups seeking funding and investors seeking opportunities. The company, which has a strong local focus in L.A., New York, Mexico City, and Las Vegas, has helped consummate $22 million in deals already between over 31,000 investors and entrepreneurs, focusing on seed and series A rounds between $500,000 and $2,000,000. I had a chance to ask Barnett what the changes mean — and what he sees in the future for investors, startups, and yes, the average Joe. VentureBeat: What, exactly, is changing? Barnett: For the past 80 years, it has been against the law for startups and small businesses in the US to openly notify their personal network and the public more broadly that they are looking to raise investment capital (general solicitation). […]

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