History of Real Estate Crowdfunding Part II - The JOBS Act
By John Cameron, Real Estate Investing Seattle Tacoma
(VITUS Realty, LLC)
History of Real Estate Crowdfunding Part II – The JOBS Act If you haven’t read The History of Crowdfunding Part I, it is the early history of Crowdfunding. Pabst Blue Ribbon, believe it or not, was instrumental in paving the way for Crowdfunding to be legalized. Ironic that a bunch of beer drinkers helped the American Public to invest but hasn’t beer always helped the American People? Pabst Blue Ribbon brewing Corp was for sale and two marketing executives, Patrick and Brian, heard about Crowdfunding, and as a joke started a website called BuyABeerCompany.com and they collected $282M in pledges before the SEC shut them down. U.S. Representative Patrick McHenry heard about this and realized that there was a new and different way to invest, or for business to raise money. He thoug...
Comments
4