Fayetteville, AR –
EquityNet, LLC, the original crowdfunding platform for business equity, is pleased to announce that
both the U.S. House and Senate have passed the JOBS (Jumpstart Our Business
Startups) Act including legislation to allow non-accredited investors to participate
in crowdfunding platforms such as EquityNet.
Judd Hollas, founder and
CEO of EquityNet, stated, “We are delighted that Congress has embraced
crowdfunding innovation and the economic benefits it engenders. We envisioned
equity crowdfunding innovation back in 2003, patented it in 2005, and have already
developed an advanced online system to enable it. In addition, our platform
includes the essential capabilities necessary for sound self-directed
investment decisions – namely, standardization, analytics, and comparable
data.”
The JOBS Act that the
Senate passed includes several provisions to help investors avoid fraud and
excessive investment losses. EquityNet goes a step further by providing its
investors advanced risk and return analytics and comparable peer business data
to enable confident decisions.
Crowdfunding will likely
lead to significant changes in the private equity domain. It could expand the
population of potential investors from 2 million to over 50 million people and
increase the amount of potentially available capital from $1 trillion to over
$5 trillion. It could also lead to the creation of many new crowdfunding
platforms that seek to bring together large populations of entrepreneurs and
investors. With enabling standardized and analytical capabilities, crowdfunding
platforms will likely turn out to be the most significant financial innovation
in decades.
Calling crowdfunding the
most significant financial innovation in decades, Hollas said that it will
dramatically improve the most limiting factor in modern capitalism–the
capitalization of young businesses. As a result, he said he expects it to
unleash innovation and jobs creation as never before.
About EquityNet
EquityNet is the
original and only patented equity crowdfunding platform. It is used by entrepreneurs,
investors, government entities, business incubators, and other members of the
entrepreneurial community to plan, analyze, and capitalize young,
privately-held businesses. EquityNet was the first company to patent and
develop an automated web-based business planning, analysis, and funding
platform for enabling equity crowdfunding innovation.