Easy money without govt. regs for ed start-up companies

Congress has passed a bill making it easier for ed start-up companies to raise capital while at the same time, easing government regulation. The Jump-Start Our Business Start-Ups, or JOBS Act  would allow companies to raise up to $1 million,  The bill establishes a new form of company financing called “crowd funding” and allows school entrepreneurs to raise money by selling shares over the internet.

"In K-12, it's a hard place to raise capital, and a lot of the entrepreneurs are raising less than $1 million anyways," said Adam J. Newman, a founding and managing partner of Education Growth Advisors, an education business advisory firm in Stamford, Conn. "It certainly creates a way for more dollars to come in." -- Edweek

Easy money without regulation? No wonder both parties could find common ground on this bill. Pres. Obama is expected to sign it shortly. And how misleading to call this the JOBS ACT!