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Film Makers/Entrepreneurs watch as Crowdvesting Bill Stalls in Senate

cayenne8 (626475) writes | about 2 years ago

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cayenne8 (626475) writes "The JOBS Act bill, passed in the house, has stalled in the senate. One section of this bill, which would legalize "Crowdsourcing" in the US, as it is in other countries, allowing companies and startups (like indie film makers) to solicit investments for profit over the internet. This differs from sites like Kickstart, which allow you to only donate money, in that this bill will allow the common citizen to invest for potential profit ($10K or 10% of income for investor limits) in new ideas and companies. Surely this could help jumpstart the economy, and get ideas off the ground quickly, and allow the common man to take some risks and make a little profit. I'm guessing there are plenty of Slashdotters out there with the ideas and skills, that this type of program could help."
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