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fool promo code fool. Welcome to Industry Focus, the podcast that dives into a different sector of the stock market every day.

I'm your host, Dylan Lewis. It's March 17th, and we're wrapping up South by Southwest with the discussion of equity crowd funding.

While I was in Austin, I had the pleasure of sitting down with

Slava Rubin who is the founder of Indigogo one of the most popular

crowdfunding platforms out there and Bill Clark founder and CEO of MicroVentures

which is basically a hybrid investment bank and venture capital firm.

We're going to play that interview for you today.

Before we get into it, I just want to give you a little background on equity crowd funding, the topic we're going to be talking about.

Equity Crowdfunding was enabled by the Jobs Act and the legislation relevant to the conversation

we're going to have took effect in 2016.

Basically what it did was allow high-growth private companies to offer

securities to the average investor. Previously you had to be what they call an

accredited investor to have access to these opportunities and you can think of accredited

investors as basically high net worth individuals. So these investments are a

relatively new option for most investors and they're a lot different than owning

stock in a publicly

trade company. We haven't really spent all that much time talking about them here at

the Fool so I thought it'd be really great to hear about what's going on in

...