Because of technology, the internet, and social media, there is now a regulated crowdfunding environment. Because the SEC, the US government, and JOBS Act backers pushed for regulated crowdfunding, it is now available to investors and prospective start-ups, and it is spreading around the world. The US Jumpstart Our Business Startups Act (JOBS Act), which exempts so-called emerging growth companies (EGCs) from many of the requirements for listed companies, including governance structures, disclosure requirements, and shareholder-rights provisions, aims to increase the flow of investor capital to these companies. These exemptions aim to make the environment more hospitable for EGCs by lowering regulation costs and disclosure requirements and allowing owners and insiders more freedom to alter governance structures.