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Events

U.S. Senator Bennet Visits CSU Denver Center

December 10, 2013

Colorado U.S. Sen. Michael Bennet hosted a forum on Friday, Dec. 6 at Colorado State University Denver Center to provide information about equity-based crowdfunding opportunities available through his Crowdfunding Act.

Colorado U.S. Sen. Michael Bennet hosted a forum for dozens of CEOs, startup founders, and investors at Colorado State University's Denver Center, featuring remarks by CSU Chancellor Dr. Mike Martin, on Friday, Dec. 6, 2013.

The forum was designed for entrepreneurs and small business owners around the state to learn more about equity-based crowdfunding. Unlike popular crowdfunding sites like Kickstarter or Indiegogo, which raise capital through individual donations, equity-based crowdfunding allows companies to raise capital by selling stock, so that the individual investor gets a stake in the company.

The road toward this type of crowdfunding was paved by Bennet’s CROWDFUND Act, signed into law in 2012 as part of the JOBS Act. In order to implement that law, the Securities and Exchange Commission (SEC) must come up with guidelines, and in October, it released a draft of those rules for comment.

Bennet, a co-author of the CROWDFUND Act, hosted Friday’s forum to raise awareness about the draft rules and encourage Colorado business owners and entrepreneurs to submit feedback. The comment period ends February 3 and in addition to submitting comments on the SEC’s website, Bennet is encouraging Colorado entrepreneurs to submit feedback to his office by emailing CrowdfundingForum@bennet.senate.gov.

 “Colorado has developed a reputation as a hub for innovation, with our vibrant tech, startup, and small business communities,” Bennet said, noting that earlier this year four Colorado cities were ranked in the top 10 nationally for high-tech startup density. “Crowdfunding is yet another tool to drive this innovation, allowing entrepreneurs from across the country to tap into the potentially vast amounts of capital available online. It helps harness the huge potential of small investors and brings our regulations in line with twenty-first century advancements.”

 

 

Contact: Tiana Nelson
E-mail: christiana.nelson@colostate.edu
Phone: 303-376-2613