Startups that raise capital through us can
reach out to the hundreds of people who have invested in them
and say “Does anyone know a goodaccountant?”, “How do I solve such-and-such coding problem?” or even “How do I get an intro to such-and-such VC firm for my next round?”Somewhere in the crowd of investors will likely be one or more people who can provide a useful answer or introduction.
Youlaunched in the UK, but just last week the US passed a new bill,
the JOBS Act
that legalizes crowdfunding for« emerging growth companies ». When are we going to see you in the US?
We are going to take a close look at the version of the JOBS Act that passed, and in particular that willbe made by the Securities and Exchange Commission (SEC) following its passage, before making a decision as to whether to approach the U.S.market.At this point
we’re concerned that the law as passed provides for too little regulation
, and we have no interest in entering a market whereinvestors are not receiving adequate protections. That may change, however, based on the rules that the SEC promulgates.
Still about the JOBS act,
what do you think of the safeguards added by Congress
, in particular the limit of $2,000 perinvestor when startup raise less than $100,000?
I think in many ways Congress focused on all the wrong things when trying to implement safeguards. The investor caps are relevant butnot nearly as important as ensuring that platforms
are subject to adequate supervision and;
provide support and monitoring for investors after the investment has been made.
2.I question whether the JOBS Act addresses (1), and it definitely doesn’t deal with (2), and those are much more important to making crowdfundingwork than investor limits.
What about expansion in the rest of the world? especially in France and Europe ?
Interview with Seedrs CEO Jeff Lynn on JOBS act and international expansion | Economie Nouvellehttp://www.economienouvelle.fr/interview-with-seedrs-ceo-jeff-lynn-jobs-act-international-exp...3 of 85/14/2012 12:30 PM