July 10, 2013’s passage of Title II of the JOBS Act by the Securities and Exchange Commission starts the process of enacting sweeping regulatory change for the private offering of securities. Though the rules are likely to be considered a “major change” by the office of Information and Regulatory Affairs requiring a 60 day congressional review period, emerging companies can look forward to significant improvements in the way they can access private investors starting this fall.
The Fung Institute is to proud to have Jason Best and Sherwood Neiss, co-authors of the Crowdfunding provisions of the JOBS ACT as Entrepreneurs-in-Residence, working with faculty and students here at UC Berkeley.
The Program for Innovation in Entrepreneurial and Social Finance will continue to provide updates to the startup community and is building a research team to study how the JOBS Act and other emerging models of finance are affecting the rate of innovation and entrepreneurial finance opportunities.
