This article tackles the common misconception that the JOBS Act and equity crowdfunding laws will have a negative effect on Kickstarter and other rewards-based crowdfunding platforms.
Tampa, FL (PRWEB) March 02, 2014
Crowdfunding expert Kendall Almerico's crowd funding column "Will Equity Crowdfunding Laws Be the Death of Kickstarter?" was published today on Entrepreneur.com.
"This article tackles the common misconception that the JOBS Act and equity crowdfunding laws will have a negative effect on Kickstarter and other rewards-based crowdfunding platforms," Almerico said.
In the Entrepreneur article, crowdfunding expert Almerico explains that the JOBS Act and the proposed SEC rules have nothing to do with Kickstarter or any rewards-based crowdfunding site. "The SEC rules only apply to equity crowdfunding, where a company is selling stock or equity from an online crowdfunding site," Almerico says. "In fact, Kickstarter has already said it will not participate in equity crowdfunding, and most rewards-based crowdfunding sites will not do so either, primarily because of the extremely high cost of compliance."
About Kendall Almerico
Kendall Almerico is a crowdfunding and JOBS Act attorney with who is considered one of the top crowdfunding experts and influencers in the United States. In 2014, Mr. Almerico was named #17 on VentureBeat's Top 30 most influential leaders in the crowdfunding industry. Mr. Almerico and his crowdfunding websites have appeared in USA Today, Forbes, Washington Post, Washington Times, Huffington Post, the New York Daily News, Business Insider, Fox Business Network and hundreds of newspaper, blog, radio and television interviews including CNN, CBS, ABC, NBC, FOX and The Sean Hannity Show.
Mr. Almerico is CEO of Fund Hub (http://www.FundHub.Biz) a web site created by securities lawyers to provide compliance and due diligence services for broker-dealers, issuers, investors and equity crowdfunding portals in connection with Regulation D offerings, JOBS Act offerings and other securities offerings.
Mr. Almerico is also the CEO of ClickStartMe (http://www.ClickStartMe.com) a crowdfunding site that provides individuals and businesses with an easy-to-use website to raise funds through online crowd funding.
Mr. Almerico is also the founder of Crowd It Forward (http://www.CrowdItForward.com) a charity-based crowdfunding site that performs “Random Acts of Crowdfunding” and raises money for people in need through a 501(c)(3) charitable foundation.
Fund Hub (http://www.FundHub.Biz) provides compliance and due diligence services for broker-dealers, issuers, investors and equity crowdfunding portals in connection with Regulation D offerings, JOBS Act offerings and other securities offerings. Fund Hub combines securities industry expertise with state-of-the-art digital tools to affordably provide compliance services and assistance to those raising capital or investing in businesses. Fund Hub fills a significant need in the securities and private financing industry by allowing broker-dealers, investors and issuers to have an economical alternative to compliance service provided by traditional law firms or online companies without the securities industry expertise required for effective SEC compliance.
Kendall Almerico is available for interviews. Contact him at Media(at)FundHub(dot)Biz or call 813.410.4658.