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The JOBS Act
You might recall that when the Jumpstart Our Business Startups Act (JOBS Act) was first signed into law in April, 2012, there was a great deal of fanfare from both its supporters (generally entrepreneurs and angel and venture investor groups) and detractors (generally securities regulators and consumer and investor advocacy groups) and certainly no shortage of related media coverage.
Yet as time has passed, much of the original enthusiasm seems to have faded. This is likely only a temporary abatement, however, as the JOBS Act is just now beginning to have a widespread functional impact. If you are an in-house counsel and have not been studying the JOBS Act, this article is for you. If nothing else, once reading it, you will be able to hold your own when the CEO or CFO brings up the JOBS Act at the next board strategy session or company cocktail party.
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