JOBS Act Signed, WealthForge Ready For Crowd

RICHMOND, Va., April 5, 2012 /PRNewswire-USNewswire/ -- What can we learn from Apple, Groupon, and Facebook? That it pays more than a billion dollars to be the first team off the starting block. They have been rewarded with billion dollar IPOs by successfully predicting market behavior. Three years ago, WealthForge began developing their own prediction model focused on the idea that "crowdfund investing" would be legalized in the U.S. and only moments ago, their prediction came true.

President Obama just signed the JOBS act into law, signifying new legislation that will lift several SEC restrictions on soliciting investors, while permitting "crowdfunding" the ability for entrepreneurs to raise equity capital from larger groups of small investors. Investments must be made through an SEC registered "funding portal" or website and investors may be limited in their total crowdfunding investments based on their net worth. (For detailed JOBS act information) click here.

Mat Dellorso and Fred Bryant co-founders of WealthForge are glad to see this day come, but neither are surprised about the overwhelming approval of the JOBS act. The two former University of Richmond students founded WealthForge in 2009 with the idea that smaller businesses should have greater chances of raising capital.

"Being a startup ourselves, we experienced the challenges of fundraising," says Dellorso. "Our goal was to create a more efficient and simplified marketplace where entrepreneurs and investors could locate funding opportunities and complete the fundraising transactions in one place."

It took almost 3 years for WealthForge to prove the model and register with the SEC. However, it appears their due diligence has paid off. While the JOBS act awaits the SEC's 270 day review period, WealthForge stands ready to handle "crowdfund investing" NOW.

At WealthForge, entrepreneurs create a business profile and outline their funding objectives in a secure environment. Once the business is ready to fundraise they can use the platform to expose their business and funding objectives with a community of potential investors. This isn't your typical Kickstarter project where entrepreneurs seek donations, rather where entrepreneurs raise equity capital for their business.

"WealthForge vets company profiles for strong investment opportunities," Dellorso remarks, "we also vet investors to ensure they are a good fit for the company who is seeking capital and guidance."

A new marketplace for small business fundraising has emerged and WealthForge is armed and ready. Create your profile at http://wealthforgeonline.com.

SOURCE WealthForge LLC