FOR IMMEDIATE RELEASE: October 30th, 2015
NVCA Welcomes SEC Adoption of Crowdfunding Rules
WASHINGTON, DC – The National Venture Capital Association (NVCA) today issued the following statement after the Securities and Exchange Commission (SEC) adopted final rules to allow for the creation of crowdfunding platforms as required by Title III of the Jumpstart Our Business Startups (JOBS) Act.
“Three years removed from passage of the JOBS Act, we are pleased to see the SEC finally move forward on rulemaking to allow for the adoption of equity crowdfunding platforms,” said Bobby Franklin, President and CEO of NVCA. “Now that we have a roadmap to follow, we look forward to digging into the details to examine how helpful these provisions will be to the growth of crowdfunding as a viable funding stream for entrepreneurs to raise the capital they need to grow their businesses and hire new workers. Anything we can to do help facilitate the growth of innovative startup companies through additional avenues to raise capital is a net positive for the American worker and the U.S. economy.”
About National Venture Capital Association
Venture capitalists are committed to funding America’s most innovative entrepreneurs, working closely with them to transform breakthrough ideas into emerging growth companies that drive U.S. job creation and economic growth. As the voice of the U.S. venture capital community, the National Venture Capital Association (NVCA) empowers its members and the entrepreneurs they fund by advocating for policies that encourage innovation and reward long-term investment. As the venture community’s preeminent trade association, NVCA serves as the definitive resource for venture capital data and unites its over 300 member firms through a full range of professional services. For more information about the NVCA, please visit www.nvca.org.