The Jumpstart Our Business Startups Act (the JOBS Act), which was signed into law earlier this month, set the stage for a major expansion in crowdfunding. Crowdfunding is a means by which people can collectively invest small amounts of capital into a venture. Until the passage of the JOBS Act crowdfunding was seriously limited by securities laws designed to protect ‘unaccredited’ investors – ordinary people – from securities scams. The JOBS Act reversed many of those laws and makes it much easier for individuals to invest in companies. Small and mid-size startups, which are the most likely to seek crowdfunded investment, will likely benefit the most from the growth in crowdfunding, as they will now have a new pool of capital available to help expand their ventures.