StartEngine Heralds a New Era to Lift Up a Diverse Set of Entrepreneurs, Welcomes More of America to Real Entrepreneurial Dreams
SANTA MONICA, CALIF., Jan. 29, 2015 – StartEngine Capital LLC, a wholly-owned subsidiary of StartEngine Crowdfunding, Inc., an industry-leading equity crowdfunding platform, has filed with the United States Securities and Exchange Commission (SEC) to register as a Funding Portal under Title III of the Jumpstart Our Business Startups Act of 2012 enacting equity crowdfunding. StartEngine is one of the first applicants to begin the process to become a registered Funding Portal with the SEC and, when available in February, will apply to become a member of the Financial Industry Regulatory Authority (FINRA) under the historic rules which were approved last October and will go into effect on May 16, 2016, allowing entrepreneurs to raise up to $1M per year via equity crowdfunding from all investors.
“Title III represents the next wave of investment opportunities for entrepreneurs across America, which will stimulate the economy and create jobs,” said Ron Miller, CEO of StartEngine. “The US government has helped by lowering the barrier to entry, and now we will do our part. We believe this will spur a small business revolution, empower more women and minorities and revive the American dream.”
Equity crowdfunding fuels innovation and growth by providing access to capital that can take businesses from ideas to viable products and real jobs. This new source of funding will help all entrepreneurs, but may have an especially meaningful impact for women and minorities who may otherwise struggle to secure funding through traditional means such as venture capital and angel investment. Title III marks another milestone in the rise of online financing and equal investment opportunity for all.