President Obama late last week signed the Jumpstart Our Business Startups Act into law, which is a bill that aims to make it much easier for startups and small businesses to raise money. Part of what makes this so exciting is its inclusion of crowd-funding, similar to Kickstarter-like grassroots efforts.
As the Chicago Employment Blog points out, it used to be illegal for companies to solicit funds from the general public.
So, this opens up a whole new stream of money that previously was unavailable to entrepreneurs. It's not quite money on the table that can easily be pocketed, but the Employment Blog also points out the SEC "now has a grace period of 180 days to implement any additional laws that may be needed to accommodate the JOBS Act."
That means there's half a year to hustle you bustle and start slinging. So what're you waiting for?
Forbes also has a piece with some solid suggestions on how to get started.
David Wolinsky is a freelance writer and a lifelong Chicagoan. In addition to currently serving as an interviewer-writer for Adult Swim, he's also a columnist for EGM. He was the Chicago city editor for The Onion A.V. Club where he provided in-depth daily coverage of this city's bustling arts/entertainment scene for half a decade. When not playing video games for work he's thinking of dashing out to Chicago Diner, Pizano's, or Yummy Yummy. His first career aspirations were to be a game-show host.
