The JOBS Act
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How the JOBS Act and Equity Crowdfunding Will Impact Indie Film
Yesterday was the day that “equity crowdfunding” becomes a legal means to raise investor money. For the last 80 years, companies have been required to register with the Securities and Exchange Commission (SEC) or a state entity in order to publicly solicit investors and advertise the sale of securities. On April 5,2012, President Obama signed the Jumpstart Our Business Startups Act, popularly known as the JOBS Act. Now, a year and a half later, it is taking effect. The federal bureaucracy grinds slowly. The first fundamental change in fundraising occurs because companies can now solicit “accredited investors,” those covered under […]
by David Rosen on Sep 24, 2013 -
Crowdfunding: The Unsustainable Truth
You cannot create a film career by crowdfunding. Let me say it again. If you believe that crowdfunding has the potential to reach levels that will allow you to make movies on a consistent basis, movies that can compete with commercial fare or even modestly budgeted union-made films, you are going to be severely disappointed. I’m assuming that a career in film is what you want. But if your only goal is to get a project produced and have it seen by those who attend the hundreds of film festivals in the U.S. or the thousands of festivals that have […]
by Terry Green on Oct 15, 2012
