Will Crowdfunding for Businesses Succeed or Fail?
A revolution in early stage finance is taking place.
Thanks to the JOBS Act, which opens access to capital through stock sales by non-public companies, a new market is being born that will revolutionize how we think about investing and how we grow jobs. It's called equity-crowdfunding. For the first time, middle-class Americans will be able to pull from their savings in order to invest in startups and small businesses.
If people shift just 1% of the $30 trillion they hold in savings to small businesses, it will amount to more than 10 times the venture capital invested in all of 2011. With numbers like that, the reach and impact of this emerging market could dwarf the size of today’s donation-based crowdfunding market.
That’s not a game-changer. That’s a revolution.
But will the JOBS Act live up to its name? Will equity-crowdfunding create the tidal wave of jobs this country needs? Will US businesses once again thrive, instead of merely survive?
Chance Barnett is the Co-Founder and CEO of crowdfunder, the social network and business crowdfunding platform for small businesses, social enterprises and startups.
Chance is a successful internet entrepreneur who has started and bootstrapped several companies from inception to over $58,000,000 in revenues over the last 13 years. His unique skill set brings together both hands-on technical knowledge and high growth marketing/customer acquisition experience, as demonstrated by having built technology and grown businesses that have acquired over 40,000,000 email subscribers online.
Prior to founding crowdfunder in 2011, Chance’s left his most recent full time operational leadership role and became a hands-on investor and advisor for early stage growth companies, a Forbes Contributor on Startups and Crowdfunding, as well as a published best-selling Author & Speaker in the areas of Personal Development & Entrepreneurship.
In founding crowdfunder, Chance has played an early and significant role in JOBS Act legislation & regulation– engaged directly with top leadership across Congress, the White House and the SEC.
Chance is a graduate of University of California, Santa Cruz with a degree in Economics. He lives in Venice, California where he is an Advisor or Board Member to a select group of socially conscious businesses and early stage startups, and surfs when the waves are good.