In 2015, Arizona became one of the first states to adopt an intrastate equity crowdfunding policy, which permits state residents to buy stock in a startup. Arizona State Representative Jeff Weninger, a small business owner who knew firsthand the need for new ways to raise capital, authored a crowdfunding bill that he and his cosponsors intended to help make Arizona the first-choice home of the nation’s small businesses. The crowdfunding bill allowed non-accredited investors to purchase up to $10,000 in equity in small companies based in Arizona. It also limited the investment pool to Arizonans—as required by federal law—and limited the maximum crowdfunding amount to $2.5 million per business. Weninger found a great partner in Arizona Senator David Farnsworth, who pushed the bill through the State Senate. The state’s crowdfunding portal came online the next year.