JOBS Act: Ethics of Crowdfunding

their savings. Here's why:

Angel investors earn a profit only because the small percentage of successful companies make enough money to offset failures.

$4$ percent.

crowdfunding rules, ones that cannot use better and cheaper exemptions from the registration provisions of the $1933$ Act.

Against these criticisms, proponents of the JOBS Act point to the following: ${?}^8$

traditional venture capital world.

overcoming geographic constraints.

percent$)$ having three or fewer employees.

Given these competing perspectives, do you see the JOBS Act as overall positive or negative?

Would you use crowdfunding to raise equity capital for your business?

Would you invest your own money through crowdfunding?

If you were an investment adviser, would you recommend that a client invest through crowdfunding?