New Law Raises Funding Hopes For Startups, Worries Over Fraud

Please see article/audio from NPR.ORG
http://www.npr.org/blogs/alltechconsidered/2012/03/29/149620312/new-law-raises-funding-hopes-for-startups-worries-over-fraud

The Jobs Act would clear the way for new companies to advertise that they're looking for investors, and it would let anyone invest in privately held businesses, making it a lot easier for startups like Space Monkey to raise money and for new sites like AngelList to get off the ground.

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The new law also opens the door to online crowd-funding sites where startups can strut their stuff and jockey for small investors' attention. Dozens of entrepreneurs, like Sara Hanks, see a big opportunity in that. But as a securities lawyer, Hanks is also skeptical.
"I think we can expect to see the African princes inventing cold fusion any second now," she says. "Wherever there's money, there's going to be fraud. I think we have to stipulate that up front."
Hanks is the former general counsel for the congressional oversight panel charged with keeping an eye on the federal banking bailout, so she knows a thing or two about financial shenanigans.
But that's not stopping her from launching her own online crowd-funding portal. Unlike most of her potential future competitors, her plan is to hire securities lawyers to sift through the startups that want to raise money on her site and weed out the crooks. Still, none of those companies will be a sure thing.

ACA, JOBS Act, National health info, Crowdfunding and the Healthcare Market

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Crowdfunding may have an interesting effect on the healthcare space. Unlike technology, entertainment, retail and other sectors, novel medical technologies and therapeutics take years of pre-development, and require institutional manpower to further growth. Thus, most biotech and pharma companies do not consider their early-stage investors to be the general public, and only in certain cases are they in a position to raise ‘quick capital’ at this juncture.