As its first full year draws to a close, Regulation Crowdfunding is making progress in breaking down barriers to capital for a wide range of entrepreneurs. But the flow of capital to women, minorities and rural entrepreneurs who stand to benefit the most from the new law is still just a drop in the bucket.
A centerpiece of the JOBS Act, Regulation Crowdfunding went into effect on May 16, 2016, allowing for the first time all Americans to easily invest in small businesses through crowdfunding. To date, 317 companies have used the the exemption, seeking just over $200 million in aggregate—or a total of $684,000 each, according to data from Crowdfund Capital Advisors (CCA). Investor commitments—the amount that investors commit to invest if an offering reaches its minimum funding goals—totaled slightly more than $40 million.
Of the 216 campaigns that have been completed so far, a little more than half have successfully met or exceeded their minimum fundraising goals.[…]
The post As Regulation Crowdfunding Turns One, Progress For Women and Minority Entrepreneurs appeared first on Locavesting.
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