The White House on Crowdfunding and American Innovation | Locavesting

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Right now, you can only turn to a limited group of investors including banks and wealthy individuals to get fundingBecause 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.With this new SEC rule, entrepreneurs can now raise up to $1 million from regular investors annually through regulated online platforms. This is a potential game changer for many kinds of entrepreneursfrom the tech company founder bringing her new innovation to global markets, to the Main Street small business owner opening a new store in his local community.




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