March 23, 2012
We are very happy to tell you that the JOBS Act passed the Senate by a vote of 73-26. The Senate added new crowdfunding protections, the House will likely accept them as-is, and the President is expected to sign the bill.
A week ago, the JOBS Act was in trouble. Thanks to you, over 5,000 entrepreneurs and investors signed a letter to support the bill you wanted. We sent it to the Senate on Monday and we've been told by many Congressional staffers that the signatures made a huge difference.
We also want to thank a few other supporters of this bill, including:
Creating a company is a herculean task that requires talent, luck, and preternatural perseverance. What we do for young companies today, fuels the future.
Naval, Nivi and the AngelList team