SEC allows regular Americans to become venture capitalists, no Silicon Valley cred required

Get the PayPal account ready.

Startups can now raise up to $50 million by selling stock online to anyone, opening the door for Internet-based equity crowdfunding platforms to begin operation

The Securities and Exchange Commission voted unanimously on Wednesday to adopt rules that permit startups to raise money from the vast majority of Americans, including provisions that allow for deals to be made over the Internet

See also: The $40,000 T-Shirt: Oculus Rift and Ownership in Crowdfunding

Previously, only individuals with more than $1 million in net worth or income of at least $200,000 for each of the last two years — so called "accredited investors" — could easily invest in startups. Some websites already offer the chance to invest in startups online, but prospective investors had to be accredited and subject to more stringent regulations. Read more...

More about Sec, Crowdfunding, Business, Small Business, and Startups



from Mashable http://ift.tt/1GUNaqE

via IFTTT