SeedVo.com contacted the Senators because the bill was kept in its original form as the Senate Republicans did not allow any amendments or a substitute bill to be offered. The bill was passed overwhelmingly in the U.S. House of Representatives and has support from President Barack Obama.
“We were very happy that the Republican Senators stood their ground for the House version of the bill”, said SeedVo.com founder Lisa A. Lamb, “We want the bill to pass as quickly as possible. Our goal is to help entrepreneurs find funding for their businesses so that they can hire workers and so that the economy can get back on track.”
SeedVo.com will allow entrepreneurs and small businesses the opportunity to reach investors with advertisements and video pitching. SeedVo.com offers a traditional approach to fund seeking by entrepreneurs that has been banned by the Securities and Exchange Commission for many years.
“Allowing entrepreneurs to advertise over the the Internet is the true gem of the JOBS Act”, says Lamb, “We at SeedVo.com actually disapprove of the popular crowdfunding portion of the bill, which will only make crowdfunding websites wealthy from the double digit percentage commissions they charge from campaigns. SeedVo.com supports traditional entrepreneur and investor interaction, nondisclosure agreements and we don't charge commission fees.”
SeedVo.com will be officially launched after the JOBS Act passes the Senate and President Obama signs the bill into law.