PETERBOROUGH, N.H., May 21, 2012 /PRNewswire/ — PeoplesVC.com today announced it has opened the doors of its stock crowdfunding platform to small businesses seeking capital.
Startups and existing businesses can raise up to $1,000,000 through equity-based Crowdfunding Portals, as a result of new legislation that passed recently on April 5th. The new law, which is part of the JOBS act, allows companies to sell stock directly to the public, and also authorizes general solicitation through social networks and other on-line avenues. PeoplesVC.com moved out of its Beta mode today and opened its doors to businesses so they can get listed on its Crowdfunding Portal while the SEC finalizes its guidelines.
“This is a really big deal for entrepreneurs and small businesses,” commented Peoples Venture Capital spokesman Noah Tier, “what this means is businesses can now move forward with getting themselves listed on a portal, and getting prepared now is critical,” added Mr. Tier.
Companies that move quickly to get themselves listed will have a competitive market advantage, and starting right away is important as the underwriting process takes time. Like any initial offering of stock, there are required steps for preparation, and PeoplesVC.com has automated the process to make it easy for startups and existing businesses.
“Many small businesses are hurting for expansion capital right now, as banks have not been lending much to small businesses since 2008, so we are excited to offer a new opportunity for entrepreneurs and small businesses to receive capital and also be able to set their own terms and stock price,” said Mr. Tier.
Recent reports have predicted that the average American will invest 1% of their income in crowdfunded companies, which will create a sizable capital market opportunity for entrepreneurs, startups, and small businesses.
Peoples Venture Capital was founded to enable individual investors to participate in Venture Capital investments and the growth and success of small companies, while helping entrepreneurs succeed through grassroots funding. Harnessing the power of the Internet, Social Networking, and recently passed U.S. laws, PeoplesVC.com is a catalyst for rapid change, jobs growth, and innovation. The company can be found online at http://www.PeoplesVC.com/