September 25, 2017
Global Crowdfunding Convention™ Awards Crowdfunding Visionary Award™ to the 44th President of the United States of America President Barack Obama.
The 6th Annual Global Crowdfunding Convention ™sponsored by Microsoft™ is pleased to announce that this year’s Crowdfunding Visionary Award™ will be awarded to the 44th President of the United States of America, President Barack Obama for his support of the Jobs Act (short for Jumpstart Our Business Startups), a means by which all Americans can collectively invest small amounts of capital into a private venture using #Crowdfunding Bills, Regulation A+ and Title III (4) (A) (6) .
Then he helped navigate it through a polarized Congress to an almost unanimous passage of 76 votes in the Senate and 380 in the house. President Obama then signed it into law on April 5, 2012, on a beautiful day on the lower lawn of the White House.
On that historic day, he said: ‘One of the great things about America is that we are a nation of doers — not just talkers, but doers. We think big. We take risks!
“And we believe that anyone with a solid plan and a willingness to work hard can turn even the most improbable idea into a successful business. So ours is a legacy of Edisons and Graham Bells, Fords and Boeings, of Googles and of Twitters. This is a country that’s always been on the cutting edge. And the reason is that America has always had the most daring entrepreneurs in the world. Some of them are standing with me today. When their ideas take root, we get inventions that can change the way we live. And when their businesses take off, more people become employed because, overall, new businesses account for almost every new job that’s created in America.”
” It’s a big deal for investors as well because public companies operate with greater oversight and greater transparency. And for start-ups and small businesses, this bill is a potential game changer. Right now, you can only turn to a limited group of investors — including banks and wealthy individuals — to get funding. Laws that are nearly eight decades old make it impossible for others to invest. But a lot has changed in 80 years, and it’s time our laws did as well.
Because of this bill, start-ups and small business will now have access to a big, new pool of potential investors — namely, the American people. For the first time, ordinary Americans will be able to go online and invest in entrepreneurs that they believe in.”
Crowdfunding has come a long way since 2012 and it has already matured into a $60 billion dollar industry and growing and with the implementation of the Jobs Act, it is forecasted to grow exponentially as more and more entrepreneurs, investors and members of the financial community propagate the marketplace.
“Equity Crowdfunding is bolstering new business formation and Job creation in the United States by making more capital available for startups, and small businesses and it provides an opportunity for everyone to own a piece of the American dream. We are eternally grateful to President Obama for helping to pass this new set of laws that help to level the playing field for access to capital for everyone” and we look forward to showing him our gratitude at the GCC even if he can’t attend to personally receive the award, says Ruth E. Hedges, one of the pioneers of the JOBs Act, founder and the Executive Producer of the GCC.“
“We will once again gather with a red carpet and after-party to honor the president and all who have made the crowdfunding industry a showcase of the best of our humanity. We saw that once again when people stepped up to use crowdfunding to raise money for disaster relief around the world. “
Past Crowdfunding Visionary Award™ honorees were the entrepreneurial citizen-lobbyists Sherwood (Woody) Neiss, Jason Best and Zak Cassady-Dorion, who helped to write and talk the Startup Exemption into the crowdfunding bill of the Jobs Act through Congress, and Congressman Patrick McHenry a lawmaker whose efforts also helped to make it happen and a continued supporter still working to improve it and Douglass Ellenoff attorney-at-law. Ellenoff is an international expert on crowdfunding. He and his firm, Ellenoff Grossman & Schole LLP, have been meaningfully involved in crowdfunding since its inception, sponsoring events, working with the SEC and FINRA to craft regulations, and assisting securities professionals in other countries to create crowdfunding legislation.
The 6th Annual Global Crowdfunding Convention, which is set to be held October 23rd-& 24th at Planet Hollywood Resort & Casino in Las Vegas NV. It was established in 2012. Thousands have attended from more the 22 countries, more than 300 experts have spoken and sponsored this flagship event focused on entrepreneurs using the power of crowdfunding to bring their unique visions and products to life. Over the intervening years, the GCC has grown to become the premier destination for crowdfunding professionals, entrepreneurs, and industry experts. It is the Flagship event for the industry and the only gathering of its kind, bringing together the leaders, professionals, and companies in reward, donation crowdfunding and who are actively creating the equity crowdfunding industry, and the entrepreneurs looking to create and finance new businesses utilizing crowdfunding. This year’s convention is focused on diversity and inclusion and is sponsored by Microsoft™. It is designed to provide participants with an unparalleled educational and networking experience. This is the must-attend event for startups, entrepreneurs, and small business owners, investors, crowdfunding professionals and enthusiasts, funding portals, investment bankers, financial advisors, VCs, angels, incubators, business coaches, mentors, journalists as well as tax, legal experts.
Ruth E. Hedges