GOOD

Sang Lee

It’s been an exciting time for entrepreneurs here in the U.S., especially those who are looking to raise capital for their startups. On September 23, the Securities and Exchange Commission (SEC) lifted the ban on general solicitation (aka Title II, which allows startups to publicly advertise that they’re raising capital), and now the crowd-investing community is patiently waiting for the passage of Title III (to allow anyone to invest in startups and small businesses in exchange for equity/shares of the company). So why should entrepreneurs and investors care about Title III? Because this new law will allow everyday “normal” people to invest their money into innovative startups they support and believe. Can you believe that this is currently illegal?

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