Comments on: Does a new crowdfunding bill for startups go too far?

By: Jason Foley

Jason Foley — Tue, 20 Mar 2012 16:27:53 +0000

Wow, Awesome perfect sutff
[img]http://i1069.photobucket.com/albums/u476/marry38382/xray.jpg[/img]

By: Matt

Matt — Tue, 20 Mar 2012 15:54:21 +0000

I love the comment about the bubble and gambling. That doesn’t exist right now? It always seem when opportunity comes to the masses those who cede control suddenly look out for our best interests. Main Street will be the new Wall Street again. Finally! I’ve got several endeavors waiting for this to pass. Enough with the bankers, analysts and geniuses sitting around a conference room at their VC looking at decks they have no interest in investing because they money involved doesn’t even cover their overhead. Access trumps capital.

By: mike

mike — Tue, 20 Mar 2012 14:36:59 +0000

Creating so many scams with this. I’m pumped – kony2016.com here we come.

By: Verne Henzel

Verne Henzel — Tue, 20 Mar 2012 13:30:47 +0000

If you follow Charles Morris’ (The Trillion Dollar Meltdown) portend that the mortgage-backed securities market needed more regulation, then I’m sure it applies here. I would be interested to here his take on this new financial market and how it might evolve. I don’t believe there’s any language in the bill that prevents these holding companies from bundling assets, just as investors did with CDOs. And, how will these companies and markets be rated, and by whom?

By: Mathew Ingram

Mathew Ingram — Tue, 20 Mar 2012 12:42:42 +0000

Thanks, Bob — that’s a good point about Sarbanes, and a good comparison with airport security rules :-)

By: Sasa Marinic

Sasa Marinic — Tue, 20 Mar 2012 08:29:12 +0000

Reblogged this on Sasa Marinic.

By: Bob Warfield

Bob Warfield — Tue, 20 Mar 2012 04:20:42 +0000

First thing about Sarbanes Oxley, is it was put in place for Enron, not for the dot coms. Take a look at Enron–it was huge before it started misbehaving. Far larger by several orders of magnitude than the companies the JOBS Act contemplates helping.

Second thing to comtemplate about SOX is it is the financial reporting equivalent of airport security–taking off our shoes and walking through full body scanners does little to make us safer. It’s pablum to convince the masses someone is doing something.

Certainly SOX did absolutely nothing to prevent the Wall Street-fed housing bubble from coming along and doing more to destroy the savings of Middle America than anything the stock market ever remotely considered.

Tell these congressional windbags to get out of the way of progress. They’ve done little to stimulate the economy and much to feather their own nests.

Sincerely,

By: Mathew Ingram

Mathew Ingram — Tue, 20 Mar 2012 03:36:20 +0000

Thanks, Hunter — I tend to agree that we should open things up to generate those kinds of benefits, instead of trying to anticipate every potential roadblock. Thanks for the comment — and for your post on the arrival of the “Kickstarter economy” http://www.hunterwalk.com/2012/03/crowdfunding-becomes-crowdbuying-why.html

By: Hunter Walk

Hunter Walk — Tue, 20 Mar 2012 03:29:36 +0000

To your Twitter question of whether I support the JOBS Act, the answer is Yes. While I have some concerns about making sure investors have enough information to make smart decisions about private companies, I believe the American economy is undergoing a structural change via technology and globalization. To me the greater danger is to look at our necessary future through incrementalism. I think if you were designing from scratch you would of course allow the notion that private companies could have a broader investment pool then they do today without having to “go public” in the traditional sense. To that extent, i rather open the barn doors in a “best-intent” fashion and then evolve, rather than move in small steps.

By: Jason Moore

Jason Moore — Mon, 19 Mar 2012 23:24:15 +0000

I think the crowdfunding bill, if passed as is in the Senate will be good for jobs in the long haul. Businesses need easier access to capital and the jobs bill that passed the House earlier this month is the way to go. I wish America wasn’t so scared of change while countries like the UK pass us by because they pass these types of laws more easily and are first movers on most of the real issues affecting society at large.