PeoplesVC Receives National Accreditation
Crowd-Powered Venture Capital site is Awarded Accreditation by CAPS for its on-line Crowdfunding Equity Portal
PETERBOROUGH, N.H., May 23, 2012 /PRNewswire/ -- PeoplesVC today announced it has received National Accreditation from the Crowdfunding Accreditation for Platform Standards (CAPS) program for its stock crowdfunding platform.
The (CAPS) program is an initiative by Crowdsourcing.org to promote the adoption of best practices for the operation of crowdfunding platforms globally. Accreditation is awarded based on passing qualification criteria in four categories of platform operation:
- Operational Transparency
- Security of Information And Payments
- Platform Functionality
- Operational Procedures
"Since the US SEC laws that were recently changed to allow crowdfunding for equity and stock were adopted only weeks ago, we are potentially entering the 'Wild West' where opportunities will be everywhere," commented PeoplesVC spokesman Noah Tier. "It is amazing how proactively and quickly our industry is organizing itself to protect public investors. Thanks to the CAPS program, trusted crowdfunding sites like ours will emerge, and those held to the highest of standards will ultimately win the trust and business of the crowds," Tier added.
According to a recently published report, crowdfunding raised $1.5 Billion world-wide in 2011, and this number excludes any issue of capital or stock in the US as crowdfunding for equity in startups and small companies has only been recently legalized in the United States.
Recent reports have predicted that the average American will invest 1% of their income in crowdfunded companies, which will create a sizable capital market opportunity for entrepreneurs, startups, and small businesses.
Peoples Venture Capital was founded to enable individual investors to participate in Venture Capital investments and the growth and success of small companies, while helping entrepreneurs succeed through grassroots funding. Harnessing the power of the Internet, Social Networking, and recently passed U.S. laws, PeoplesVC.com is a catalyst for rapid change, jobs growth, and innovation. The company can be found online at http://www.PeoplesVC.com/
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