StartEngine platform will be open to startups raising up to $1M via Title III crowdfunding
LOS ANGELES – October 30, 2015 – Today, StartEngine announced their support as the United States Securities and Exchange Commission (SEC) voted to finalize the rules of Title III of the JOBS Act, removing the ban on non-accredited equity crowdfunding and allowing startups to seamlessly raise up to $1M in capital. The SEC’s four commissioners voted 3-1 this morning to adopt the new rules, which are expected to take effect early next year, enabling companies to raise equity capital from their community without requiring SEC approval prior to accepting investments. In a historic decision for entrepreneurs, the regulations mark the completion of the bipartisan bill that was signed into law by President Obama and the SEC regulatory board over three years ago. To learn more, visit the StartEngine website.
“Title III represents the greatest advancement for entrepreneurship in a generation. Historically, the single biggest barrier to bringing new innovations to market is the difficulty of accessing capital. Title III levels the playing field, and could result in the creation of tens of thousands of lucrative jobs right here in America, ” said StartEngine CEO Ron Miller. “This is exactly what Congress intended when passing the JOBS Act over three years ago, and we’re proud to extend our support. I predict a wide range of startups will utilize the new funding options on day one, and that Title III campaigns will see momentous growth throughout 2016.”
StartEngine has registered over 30,000 unaccredited investors on its platform in the past 130 days, as well as dozens of companies looking forward to launching their campaigns when the rules go live early next year. Once Title III offerings become available, StartEngine will host these equity crowdfunding campaigns alongside the current slate of Regulation A+ Title IV campaigns available to investors on the platform. The new Title III option is perfectly tailored for startups, with a streamlined process and fewer restrictions to allow entrepreneurs to turn their business acumen into initial seed funding by engaging their passionate community.
“At StartEngine we’re striving to democratize capital, and this Title III ruling moves us one step closer to truly making the American dream a reality for everyone,” said StartEngine co-founder Howard Marks. “Women and people of color have historically received only a tiny percentage of startup capital, but with equity crowdfunding, that’s all about to change.”
In anticipation of the new Title III offerings, interested investors and small business owners are encourage to register for a free StartEngine account.
About StartEngine Crowdfunding, Inc.
StartEngine is the premier equity crowdfunding platform, connecting Millennials and aspiring investors with tomorrow’s progressive companies. Based in Los Angeles, the company was created in 2013 by Howard Marks, co-founder of Activision, and Ron Miller. StartEngine aims to revolutionize the startup business model by helping all people invest in private companies on a public platform, now viable for the first time in history, thereby helping entrepreneurs achieve their dreams.
Learn more at http://www.startengine.com