Friday, October 30, 2015 6:10:09 PM
http://www.sec.gov/rules/final/2015/33-9974.pdf
Title III of the JOBS Act doesn't go into effect until next year, and when it goes into effect the funding portals must first apply and receive approval from the SEC before the portals can begin facilitating crowdfunding transactions. But at least the Rulemaking is finally complete.
Title IV (Regulation A+) is already in effect and the SEC is processing the first batch of applications. After receiving approval for a Regulation A+ Offering, the issuer does their own sales and marketing of their investment securities, in effect becoming their own self-hosted crowdfunding portal.
Both are important, and add substantially to the onramps available to bring more companies public via the OTC marketplace. It's especially encouraging that the JOBS Act Rules appear to put a definitive end to the need for reverse mergers and other penny stock nonsense.
Public Startup Company, Inc. will provide technology products and services to help people launch as public startups, and bring their existing startups public under these new JOBS Act Rules.
It is my sincere belief that this is the beginning of a new phenomenon in cyber finance, the very start of the "public startup" industry, which I think will become at least hundreds and possibly thousands of times larger than the existing OTC marketplace. Instead of just ten thousand public companies in the USA, we will eventually have a new marketplace consisting of millions of public startups.
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