Here’s how regulation crowdfunding performed in 2016

In May, the third and final part of the 2012 JOBS Act, Regulation Crowdfunding, went into effect and 2016 ended with much promise for entrepreneurs seeking funding and our government seeking jobs. Regulation Crowdfunding allows any American startup or small business to raise up to $1 million from friends, family, and followers on debt and equity crowdfunding platforms registered with the Securities & Exchange Commission (SEC). Just like on platforms like Kickstarter or Indiegogo, entrepreneurs launch campaigns and use their social network to invite people to review their business plans, market opportunity, financial statements, and video pitch. However, instead of getting the entrepreneur’s product in exchange for a donation, backers get shares in the business or interest repaid on a loan. Read more: