Today the SEC finally decided to allow equity crowdfunding for non-accredited investors. It will take roughly 180 days for that to become active, but this has been the moment I’ve been waiting for.
Why was I waiting for that to happen? Because I feel like musicians and their fans are being separated by the major record labels, Google, Apple, Spotify and the rest. Accredited investors can be people- but they can also be companies. And way too little of what the companies take in goes to the musicians.
My passion is to help musicians, and help fans connect with their favorite musicians. This is great news!
Tom Jeffries, CEO and Founder, Safe-Xchange