Legislation has just gone to President Obama that will significantly loosen SEC rules on the number of investors allowed before a company must become registered. The day that the President signs this, probably within the week, a new web site will be launched: Fundable.com
The site is being developed by Wil Schroter, author of Go Big or Go Home who currently lives in Columbus, OH. Wil is a 37 year old billionaire and started his first company, Blue Diesel at the age of 19.
The site will allow people with start up ideas to connect with people around the world for micro funding. A million dollars is still a million dollars whether it comes from one person or one million. This legislation and web site have the potential to revolutionize start up equity funding.