This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

CrowdIt Applauds One-Year Anniversary Of President Obama Signing The Jobs Act As Major Milestone For Crowdfunding Industry

SPRINGFIELD, Mo., April 5, 2013 /PRNewswire/ -- CrowdIt (, the crowdfunding site for the "New American Dream," today joins the crowdfunding industry in recognizing the one-year anniversary of the signing of the Jumpstart Our Business Startups (JOBS) Act by President Obama. The bill will allow entrepreneurs to fund small businesses through a new crowdfunding model that provides equity shares in startups. CrowdIt believes the JOBS Act will help spur small-business growth and be a catalyst for the New American Dream. The company recently launched its new site designed to help "dreamers" not only fund projects, but receive the support they need to succeed – including peer review, business networking and expert advice.

"The JOBS Act will help ignite economic growth by enabling startups to raise capital in a non-traditional way – essentially leveling the playing field for anyone with a great idea and the desire to succeed," said Jason Graf, CEO and co-founder of CrowdIt. "We applaud the government for taking this bold step toward job creation and economic independence."

The JOBS Act was passed in Congress on March 8, 2012, and originated from the Entrepreneur Access to Capital Act introduced by Rep. Patrick McHenry (R-NC). The legislation had strong bipartisan support throughout, passed with a 73 percent majority in Congress and was signed by President Obama on April 5, 2012. The law will allow businesses to raise up to $1 million in capital through crowdfunding, an industry expected to grow to $300 billion over the next few years.

Before the law takes effect, the Securities and Exchange Commission (SEC) must first outline specific provisions for the JOBS Act. The deadline was originally set for Jan. 2013, but the bill still has not been finalized. Newly appointed SEC leader, Mary Jo White, has named the JOBS Act as a top priority during her term.

To learn more about the JOBS Act, please visit the Securities and Exchange Commission website at ( 

CrowdIt represents a new approach to crowdfunding through a flexible approach of giving "Dreamers" the option to fully or partially fund projects. All CrowdIt projects will initially use a rewards-based funding model, but the company plans to offer equity-based funding as outlined by the SEC. CrowdIt is now accepting crowdfunding projects at (, and early projects submitted to the site are available for preview now. The site will go fully live on June 4, 2013. CrowdIt also is contributing $10,000 to the project that reaches the highest amount of funding by Aug. 18, 2013, 75 days after the go-live date. For more information, please visit (

Share this: The JOBS Act was signed by Obama a year ago for equity #crowdfunding and job creation. @DontJustDreamIt #JOBSAct

About CrowdIt Based in America's heartland of Springfield, MO, CrowdIt ( is the crowdfunding site for believers of the New American Dream. Its crowdfunding site goes beyond just funding great ideas, but focuses on supporting success through peer and expert advisory support, business networking and sharing of best practices and knowledge. CrowdIt's belief is that crowdfunding will help drive the next wave in innovation and economic expansion, and underpins its mission to support small business growth. A start-up, CrowdIt is privately held and backed by venture capital firm Baron VC. For more information, please visit (

Media Contact: Terri DouglasCatapult PR-IRO: 303-581-7760, ext. 18M: 303-808-6820


1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free


Chart of I:DJI
DOW 17,888.35 +168.43 0.95%
S&P 500 2,102.63 +22.22 1.07%
NASDAQ 5,156.3060 +47.64 0.93%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs