Crowdfunding is nothing new. In fact, America was built and financed by crowdfunding. But in 1933 Congress passed the Securities Act, which shut the door on this most democratic means of raising capital and spreading wealth. In 2012, enjoying broad bipartisan support, congress threw the doors open again, passing the JOBS Act (Jumpstart Our Business Startups). Its intent was to stimulate growth of small businesses and startups, but an unexpected consequence of the Act was that the biggest beneficiary has been the real estate industry. Researching the origins of the JOBS Act, Dr. Adam Gower conducted a series of conversations with the people who lobbied for and wrote the laws that became the Act. What he discovered was that at no time had anyone thought that the real estate industry was a relevant constituency. Perplexed by this disconnect between what had been intended and what had happened, he talked to those who had been the very first realestate people to utilize the JOBS Act. These pioneers, all moving on parallel tracks, seeded the biggest, most transformational change to the real estate industry in history. This book uncovers these conversations with the people who created the laws and those who connected the dots to real estate. It weaves a thread through the labyrinthine processes of government, chronicling how the Act was conceived, formed, and ultimately signed into law, and it reveals how the visionaries who have revolutionized real estate capital formation embarked on their missions to change their industry forever.

Learn how the JOBS Act, never expected to benefit real estate, has transformed the industry, changing the way capital is raised and syndications are formed forever and how an unintended consequence is helping almost everyone in America invest in real estate like never before.

Concentrates on real estate rather than business start ups within the crowdfunding industry Gleans insight from the founders of crowdfund real estate marketplaces Showcases detailed interviews with over a dozen leaders in the industry alongside insights from the author's own experience

Autorentext
Adam Gower, founder, GowerCrowd, is a 30-year real estate development and finance veteran who has held senior management positions at some of the largest public and private companies and institutions in the world. He is a highly sought-after expert in crowdfunding investment and finance, providing advisory services to sponsors raising capital. He has taught university graduating students the only fully accredited course in the world on how to invest in real estate crowdfunded syndications. He hosts an internationally acclaimed podcast series, The Real Estate Crowdfunding Show, Syndication in the Digital Age. Based on over $1.5 billion of transactional experience, Adam has developed a series of online real estate courses that teach a new generation of high net worth individuals and families how to prudently invest in real estate for income while prioritizing principal preservation. You can find out more about Adam at GowerCrowd.com.

Inhalt

1. Introduction.- 2. Inception: David Weild IV.- 3. The Letter: Jenny Kassan.- 4. Advocate: Sherwood Neiss.- 5. Senate Lead Staffer: Dina Ellis Rochkind.- 6. Investor Protections: Andy Green.- 7. The White House: Doug Rand.- 8. Rich Uncles: Harold Hofer.- 9. Fundrise: Ben Miller.- 10. RealtyShares: Nav Athwal.- 11. Investor: Ian Ippolito.- 12. RealtyMogul: Jilliene Helman.- 13. Patch of Land: Jason Fritton.- 14. Small Change: Eve Picker.- 15. Conclusion.