Current System as created in
the 1930s states that
entrepreneurs...
- Can not advertise to
fundraise.
- Can only accept investment from
accredited
investors (2% of all Americans).
- Can only have a fixed number of
shareholders.
- SEC registration is
requireed.
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With the Jobs Act
entrepreneurs ...
- Can advertise to anyone (Meant
to be used
with persons in your social network)
- Anyone can invest.
- No cap on the number of
shareholders.
- SEC registration is NOT
required.
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