This morning, the United States Securities and Exchange Commission (SEC) approved equity and debt crowdfunding for retail investors (aka Title III of the JOBS Act)! This is one of the most significant changes in U.S. securities law in 80 years! We would like to express our gratitude to everyone we have worked with over the last 5 years on getting to this day. Thanks to those in the USA and around the world who worked tirelessly to support this effort as we went from idea to reality. And thank you to those who were opposed to this effort to create equity and debt crowdfunding. You helped us sharpen our views, deepen our research and drive us to seek creative solutions. Now we can all work together to create a stable, transparent and efficient market for crowdfunding.
This entire process has been an incredible lesson in the power of persistence, positive thinking and leveraging technology to achieve goals.
Now, the next phase of our work begins in the US: Over the next ~180 days, the industry will prepare to launch this new opportunity to the public at large.
We look forward to working with you in this new era of finance.
Jason and Woodie