Business

JOBS Act opening window for smaller investors

The JOBS Act ha🎃s opened the window ไfor smaller investors to get a taste of the deals once reserved for the 1 percenters.

This historic change is a product of the bipartisan 2012 law aimed at job growth as well as small busin🐲ess creation.

For example, it promotes crowdfunding — investments in new ventures from family, friends and office colleagues. And it permits emerging growth companies to file an IPO without 🍒publicly disclosing sensitive financial details, à la Twitter.

And on Monday, an 80-year-old ban preventing hedge funds, private equity funds, s🅰tartups and other private investment outfits from advertising was lifted. Billboards, social media, print and television are now fair game. The swift change triggered a flood of private offerings of securities this week, dealmakers told The Post.

“I am running into people taking advantage of it all over the place. There are deals everywhere, including one company that’s raising $60 million,“ said an upbeat David Weild, CEO and chairman of IssuWorks, a financial-servic▨es software platform in New York.

“I spoke about our business at a conference [recently] — and that’s something I could not have do🌳ne before,” added Weild, a former vice chairman at Nasdaq.

“The last time they were able to market like this was when sliced bread was invented,“ said Patrick ONeill, head of str🍌ategy at The Longtails, a marketing agency for financial services. ONeill estimates the changes will also result in tens of thousand of jobs for marketing teams across Wall Street.

Weild’s IssuWorks announced on Monday it was raising c𝔍apital in these formerly hush-hush private-placement offerings. “We’re going to start with as little as $2 million and ultimately raise about $20 million,“ Weild said.

John O’Shea, co-chairman of TerraNova Capital Equi♔ties in New York, also jumped on the bandwagon, ꧂offering notes on AllGreen Energy, a renewable-energy project in India. O’Shea was even interviewed on a Russian television channel with 20 million curious viewers. And he then got to post his sales pitch on YouTube.

O’Shea says he now has “indications” from investors for about 🍷half the dea꧟l, $10 million.

“It would have been a lot slower ✅in the past,” O’Shea sai💝d. “Now you can target hundreds of thousands, or millions, of prospective investors.”