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The Jobs Act and Its Effect on Entrepreneurship, Small Business and Crowdfunding

by / ⠀Startup Advice / September 16, 2012

In this year’s election, of the key issues that we have and will continue to hear about, are how small business owners and entrepreneurs will be supported and empowered as the world economy moves continues to recover. Fortunately for us entrepreneurs, movements have already been made, as many of you may know.

To show their support of the “backbone of the economy,”  President Obama and Congress passed the Jumpstart Our Business Startups (JOBS) Act in April 2012. Ultimately, this act allows businesses to raise capital from individual investors – otherwise known as crowdfunding.

This presents a major shift in empowering entrepreneurs to raise capital from individuals to help them launch their product and pursue building a business that beforehand was much more difficult in raising the money. With this act and crowdfunding platforms such as Kickstarter, Indie Go-Go, and Fundable, entrepreneurs and idealists have been able to build community in the early stages of their business and build public support that was previously unobtainable until after launch.

This opportunity is something that all entrepreneurs should understand and weigh when starting up… To help understand the JOBS Act and its effect on crowdfunding, check out the infographic below by Fundable and EarnMBA Degree.

Harrison Kratz is the Community Manager at MBA@UNC, the new online program that allows students to receive an aacsb online mba degree from the University of North Carolina. Harrison also sticks to his entrepreneurial roots as the founder of the global social good campaign, Tweet Drive, which has collected over 6,000 toys since they launched in 2010. You can connect with Harrison on Twitter, @KratzPR.

About The Author

Matt Wilson

Matt Wilson is Co-Founder of Under30Experiences, a travel company for young people ages 21-35. He is the original Co-founder of Under30CEO (Acquired 2016). Matt is the Host of the Live Different Podcast and has 50+ Five Star iTunes Ratings on Health, Fitness, Business and Travel. He brings a unique, uncensored approach to his interviews and writing. His work is published on Under30CEO.com, Forbes, Inc. Magazine, Huffington Post, Reuters, and many others. Matt hosts yoga and fitness retreats in his free time and buys all his food from an organic farm in the jungle of Costa Rica where he lives. He is a shareholder of the Green Bay Packers.

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