CROWDFUNDING INVESTING FOR DUMMIES by Sherwood Neiss, Jason W. Best and Zak Cassady-Dorion, John Wiley & Sons, 2013
All you need to know about crowdfunding investing by three of its leading pioneers!
Sherwood Neiss, Jason W. Best and Zak Cassady-Dorion, all MBAs from the International Thunderbird Global School of Management, achieved the unthinkable: getting their Startup Exemption Regulatory Framework (which zeroed in on obsolete SEC regulations) into the JOBS Act of 2012 in 460 days. The bill was passed and signed by a supportive President Obama on April 5, 2012. With help from Congressman Patrick Henry (R-NC), and Senators Jeff Merkley (D-OR), Scott Brown (R-MA) and Michael Bennett (D-CO), the JOBS Act was frowned on by many sincerely worried financial reformers who predicted more fraud, pump and dumps, bucket shops, etc. Yet, I asked “How could the JOBS Act and crowd funding be any worse than existing practices of bankers and Wall Street?” Since 2012, high frequency traders (HFT) have taken over Wall Street and markets worldwide, auguring even worse meltdowns than the May 2010 “flash crash” and the many other smaller events since. I have reviewed the breakdown of global finance in Broken Markets, Dark Pools and documented in Citizens DisUnited (2013) by our Advisory Board member Robert Monks.
Thus, I agree with the authors of Crowdfund Investing for Dummies – this is the best way to bypass Wall Street and the global casino and foster homegrown local economies as our friends at BALLE, Slow Money, Investors Circle and SVN are doing as well. This is why we update all the good news on our Crowdfunding section and will keep posting news on Crowdfund Capital Investors, LLC, the company founded by the three authors of this book. Read it to understand the new world of Web 3.0.