Will Crowdfunding Create Jobs?

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.


About JeffKoeppel

I am a corporate/securities attorney in the Washington, DC area. Prior to joining the firm, I was a Senior Attorney Advisor in the Division of Corporation Finance at the U.S. Securities and Exchange Commission. I am a member of the Bars of the States of Maryland, New York and the District of Columbia. You can also follow this blog on LinkedIn at: http://www.linkedin.com/pub/jeffrey-a-koeppel/0/63/5a9
This entry was posted in Broker dealers, Charity, Congress, Crowd Fund Act, Crowd Fund Act of 2012, Crowd Funding At the Margins, Crowd Funding Platforms, FINRA, Funding Portals, Investments, Jobs, Legislative Intent, SEC, Small Business, Venture Capital, Wall Street and tagged , , , , , , , , , , , , , , , , , , , , , , , , , , . Bookmark the permalink.

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