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crowdfunding, equity crowdfunding, intrastate equity crowdfunding


Recently developed SEC guidelines provide the regulatory framework for Title II of the Jump Start our Business (JOBS) Act of 2012, which legalizes interstate equity crowdfunding in the United States. Concurrently, eighteen states have passed legislation or promulgated regulations that allow intrastate equity crowdfunding. At present, the literature has not addressed what this nascent funding mechanism will offer to investors, as well as, those seeking funding for entrepreneurial projects within the U.S. Therefore, this paper provides a review of current U.S. legislation, discusses the anticipated implications of equity crowdfunding, and develops a conceptual model that demonstrates potential outcomes.

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This is the Author Accepted Manuscript version of:

De la Vina, & Black, S. L. (February, 2018). U.S. Equity crowdfunding: A review of current legislation and a conceptual model of the implications for equity crowdfunding. Journal of Entrepreneurship. 27(1), 83-110. © 2017 Entrepreneurship Development Institute of India