Nonprofit TechSoup Raises Money Via Regulation A+ From Large And Small Investors - #1159
In 2012, Congress passed and President Obama signed the JOBS Act, a law that authorized investment crowdfunding. A wide variety of for-profit businesses, many of them having a social mission, have taken advantage of the law to raise money from small investors under either Title III, implemented as Regulation Crowdfunding or Title VI, implemented as Regulation A+. TechSoup is an international nonprofit that helps deliver technology to other nonprofits around the world. This innovative organization is using Regulation A+ to offer securities in the form of low-interest loans to the public. CEO Rebecca Masisak joined me for this conversation to explain important details around the $11.5 million offering. Institutional investors are participating with investments in the millions of dollars. Small investors are participating in increments of just $50. This is an innovative application of the JOBS Act and a rare opportunity for ordinary investors to participate in an impact investment opportunity.