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Title III is a provision under the JOBS Act passed by the Obama administration in an effort to support the creation of new startup businesses and jobs.In brief, the new regulations allow for private businesses to raise money via online intermediaries from retail investors. It is important to understand what a radical change from traditional securities laws this concept is. Prior to this law, companies were only allowed to raise money from average investors through the IPO process or other limited exemptions (and certainly not over the internet). Otherwise, they could only raise money from high net worth individuals and institutions. The new crowdfunding laws allow companies to raise money from anyone – friends, neighbors, customers, even widows, and orphans.
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