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Main => General Discussion => Topic started by: Pheonike on June 18, 2015, 06:03:54 pm

Title: Cryptonomex and the JOBS act?
Post by: Pheonike on June 18, 2015, 06:03:54 pm


Is CNX going to consider using the JOBS act in the future to source funding and letting some of the AGS/PTS/Keyhottee users the option to provide funding?
Title: Re: Cryptonomex and the JOBS act?
Post by: NewMine on June 18, 2015, 07:32:11 pm
Title III only limits crowdfunding to a million dollars per year from non-accredited investors. So probably not.
Title: Re: Cryptonomex and the JOBS act?
Post by: luckybit on June 18, 2015, 07:45:19 pm
Title III only limits crowdfunding to a million dollars per year from non-accredited investors. So probably not.

Whats wrong with a million dollars per year? Actually I heard it's 50 million.
Title: Re: Cryptonomex and the JOBS act?
Post by: gamey on June 18, 2015, 10:15:42 pm
Title III only limits crowdfunding to a million dollars per year from non-accredited investors. So probably not.

Whats wrong with a million dollars per year? Actually I heard it's 50 million.

I heard it was 50 billion, but that was my pot dealer so really who knows?
Title: Re: Cryptonomex and the JOBS act?
Post by: toast on June 18, 2015, 10:21:38 pm
Title III only limits crowdfunding to a million dollars per year from non-accredited investors. So probably not.

Not sure if snark... $1m is a lot of runway especially now that dan has learned how not to waste money. With the investment cap you could auction shares off, then use that as the valuation for VC money.
Title: Re: Cryptonomex and the JOBS act?
Post by: Method-X on June 18, 2015, 10:25:27 pm
Title III only limits crowdfunding to a million dollars per year from non-accredited investors. So probably not.

Whats wrong with a million dollars per year? Actually I heard it's 50 million.

I heard it was 50 billion, but that was my pot dealer so really who knows?

50 trillion dude!
Title: Re: Cryptonomex and the JOBS act?
Post by: cylonmaker2053 on June 18, 2015, 11:24:18 pm
Title III only limits crowdfunding to a million dollars per year from non-accredited investors. So probably not.

Not sure if snark... $1m is a lot of runway especially now that dan has learned how not to waste money. With the investment cap you could auction shares off, then use that as the valuation for VC money.

the community could do wonders with an additional $1M in crowd funded equity, which would certainly spice up the incentives for VC and other angels to enter the space.
Title: Re: Cryptonomex and the JOBS act?
Post by: BunkerChainLabs-DataSecurityNode on June 18, 2015, 11:44:56 pm
I would rather they continue to focus the way they are on making bitshares a sustainable source of income rather than wasting a lot of time hunting for more money. They appear to be capitalized enough now.
Title: Re: Cryptonomex and the JOBS act?
Post by: DMo09 on June 19, 2015, 02:30:07 am
Jobs Act Title IV raised crowd fund limit to $50M:
http://www.forbes.com/sites/chancebarnett/2015/03/26/infographic-sec-democratizes-equity-crowdfunding-with-jobs-act-title-iv/

And I agree with Data Security... But Jobs Act Title IV does potentially open some doors regarding UIA's...
Title: Re: Cryptonomex and the JOBS act?
Post by: cylonmaker2053 on June 19, 2015, 12:39:19 pm
I would rather they continue to focus the way they are on making bitshares a sustainable source of income rather than wasting a lot of time hunting for more money. They appear to be capitalized enough now.

true, funding comes in all kinds of flavors with all kinds of potential strings attached; the ideal capitalization would be BTS jumping in price. i was thinking more in terms of side ventures, like remittance co's, growing in the ecosystem with alt types of direct funding...