It is the mother’s milk of Silicon Valley startups – money, often from investors, to get going and keep growing. And next week new federal regulations will give startups and investors more ways to find each other. Previously, the Securities and Exchange Commission banned companies from advertising publicly to potential investors on TV, radio, in print or at seminars. Now, the SEC is lifting that ban. The change was part of the JOBS Act (Jumpstart Our Business Startups), which Congress passed last year. This means companies could, for example, use crowdfunding websites to put their ideas to the world. And investors could use those sites to find the next big thing. KQED’s Joshua Johnson recently spoke with Mike Norman, a co-founder of Wefunder, a crowdfunding website for equity investment. The company is based in San Francisco and Boston. Here’s an edited transcript: Joshua Johnson: Wefunder was one of the companies that lobbied really hard for the SEC to update these rules. These changes came about in the JOBS Act, which passed last year. What’s your take on how that change worked out? Did you get what you wanted, or is there more to do? Mike Norman: What will change next […]
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