Kickstarter, Crowdfunding, the JOBS Act, and the Future of Food
Jeff Gangemi Apr 25, 2012 News 0 comments
The JOBS Act, aka The Jumpstart Our Business Start-ups Act, was officially signed into law by President Obama on April 5th. The most noteworthy part of the Act is the legalization of crowdfunding as a means to gather investment for start-up businesses. Until this development, crowdfunding sites could only fund projects and not business operations.
We at FarmPlate plan to write about this topic much more in the coming months, particularly as new start-up crowdfunding platforms enter the food space. Before we turn to the new entrants in the space, we thought now would be a great time to salute one of the pioneers: Kickstarter.
Kickstarter has been helping fund local and artisanal food projects and new product launches for years. Click here to see the most-funded food-related projects on Kickstarter, including the Windowfarms project that raised over $257,000.
And click here to see and support some of the Kickstarter staff picks and most popular food-related projects from this week.
A big thank you and shout out to the folks at Kickstarter for putting crowdfunding on the map. Here’s to the future of funding great food projects and businesses!
Read on for more about the JOBS Act and its implications in this article from Mashable:
“President Obama called the Jumpstart Our Business Startups (JOBS) Act a 'game-changing' bill moments before singing it into law Thursday afternoon.
The JOBS Act is a bipartisan bill which aims to make it easier for startups to grow, hire employees and contribute to the United States’ sluggish economic recovery.
The bill classifies startups as 'emerging growth companies' that can turn to online investors to raise much-sought-after startup capital — similar to how websites such as Kickstarter let users raise money for films, books or other projects…”