EquityNet First Company to Patent and Develop Crowdfunding Platform EquityNet Patented and Developed Advanced Crowdfunding Platform in 2005
FAYETTEVILLE, Ark., March 27, 2012 /PRNewswire-iReach/ -- EquityNet, LLC, the original crowdfunding platform, is pleased to announce that both the U.S. House and Senate have passed the JOBS (Jumpstart Our Business Startups) Act including legislation to allow non-accredited investors to participate in crowdfunding platforms such as EquityNet (www.equitynet.com).
Judd Hollas, founder and CEO of EquityNet, stated, "We are delighted that Congress has embraced crowdfunding innovation and the economic benefits it engenders. We envisioned crowdfunding innovation back in 2003, we patented it in 2005, and we have already developed an advanced online system to enable it. In addition, our platform includes the essential capabilities necessary for sound self-directed investment decisions – namely, standardization, analytics, and comparable data."
The JOBS Act that the Senate passed includes provisions to help investors avoid fraud and excessive investment losses. EquityNet goes a step further by providing its investors advanced risk and return analytics and comparable peer business data to enable confident decisions.
Crowdfunding will likely lead to significant changes in the private equity domain. It could expand the population of potential investors from 2 million to over 50 million people and increase the amount of potentially available capital from $1 trillion to over $5 trillion while growing as many as 1.5 million new jobs in the next 5 years. It could also lead to the creation of many new crowdfunding platforms that seek to bring together large populations of entrepreneurs and investors. With enabling standardization and analytical capabilities, crowdfunding platforms will likely turn out to be the most significant financial innovation in decades.
Calling crowdfunding the most significant financial innovation in decades, Hollas said that it will dramatically improve the most limiting factor in modern capitalism – the capitalization of young businesses. As a result, he said he expects it to unleash innovation and jobs creation as never before.
EquityNet is the original and only patented crowdfunding platform. It is used by entrepreneurs, investors, government entities, business incubators, and other members of the entrepreneurial community to plan, analyze, and capitalize young, privately-held businesses. EquityNet was the first company to patent and develop an automated web-based business planning, analysis, and funding platform for enabling crowdfunding innovation. For more information, please visit www.equitynet.com
Media Contact: Victoria Coppett of EquityNet, LLC, 866.542.3638, firstname.lastname@example.org
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SOURCE EquityNet, LLC