Naval Ravikant—Led grassroots lobbying campaign for JOBS Act to ease startup fundraising regulations
In 2011-2012, Naval Ravikant spent six months lobbying Congress in support of the Jumpstart Our Business Startups (JOBS) Act, which eased securities regulations to make it easier for startups to raise capital. He organized a viral petition signed by 5,000 investors and entrepreneurs, hired lobbyists on contingency fees, and met with Senate and Congressional staffers. The JOBS Act was signed into law by President Obama in April 2012, with Title II lifting the ban on general solicitation for accredited investors.
Scoring Impact
| Topic | Direction | Relevance | Contribution |
|---|---|---|---|
| Corporate Transparency | +toward | secondary | +0.50 |
| Knowledge Access & Information Freedom | +toward | primary | +1.00 |
| Overall incident score = | +0.643 | ||
Score = avg(topic contributions) × significance (high ×1.5) × confidence (0.57)
Evidence (1 signal)
Naval Ravikant spent six months lobbying for JOBS Act, organized 5,000-signature petition
Ravikant hired lobbyists, organized a viral petition signed by 5,000 entrepreneurs and investors, and met with Congressional staffers to advocate for the JOBS Act. The law was signed by President Obama in April 2012, easing securities regulations for startup fundraising.