This leads back to the biggest challenge of all: getting the rules released.
The JOBS Act, now more than two years old, was intended to help grow our economy and give the small investor a chance to participate. Small investors aren't stupid; they understand that there is great risk in investing in smaller companies. If we spend too much time trying to protect them, if the rules are too arcane, they'll never get the chance to participate in this market. The small companies whose well-being the JOBS Act is supposed to promote might not get funded.
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In iGive's case, reasonable rules, put forth in a timely fashion, should mean that America's small investors and charities can help iGive grow even faster, and they can participate in that growth in new and rewarding ways.
In today's economic environment, there are probably lots of easier, possibly cheaper, ways for companies to raise money. But none of them allow us to give thousands of people and their charities a participation in our future.
—Robert Grosshandler, founder of iGive and a member of the CNBC-YPO Chief Executive Network
CNBC and YPO (Young Presidents' Organization) have an exclusive editorial partnership. It consists of regional chief executive networks in the Americas, EMEA and Asia-Pacific. These networks are made up of a sample of YPO's unrivaled global network of 20,000 top executives from 120 countries who are on the front lines of the economy. The opinions of Chief Executive Network members are solely their own and do not reflect the opinions of YPO as a whole or CNBC.