Remember when the JOBS Act was passed and some people laughed that this was a pretty weak attempt by Congress to pass full employment legislation (they’ve since yanked unemployment benefits from the long term unemployed as of December 31, 2013).
But hold on. With the issuance of final rules for Regulation D private placements that can now be sold on the internet, a “crowdfunding” offering for the accredited investor crowd, it appears that it may be sparking a surge in job vacancies in the startup world.
The accredited investor crowdfunding site AngelList now shows job listings for 2,259 software engineers; 79 hardware engineers; 695 UI/US designers; 317 product managers; 579 sales; 552 marketing; 5 attorney positions; 154 operations managers; 66 finance/accounting positions; 36 in HR; and 72 officer manager slots.
So, with 4,865 companies crowdfunding (with accredited investors), there appears to be some real job creation going on.
Maybe Congress was right.