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I'm not sure this would fix the problem. According to the pg quote in the article "There probably aren't more than a couple hundred serious angels in the whole
by mrshoe 17y ago
I'm not sure this would fix the problem.
According to the pg quote in the article "There probably aren't more than a couple hundred serious angels in the whole Valley." There are tons of people in the Valley who make >$200k/year. Tens if not hundreds of thousands of them. If only a couple hundred of those people take the risk of angel investing, what would lead us to believe that a lot of the lower-salaried people would choose to participate?
I agree that the law seems a bit silly, and probably unnecessary, but I'm not sure that removing it would have much of an effect.
Which leaves me thinking about other ways we could encourage more angel investing activity....
- johnrob 17y agoThe problem is that most people earning over 200K/year in salary are not part of the startup community (what kind of startup pays that kind of salary?). They're probably too scared to invest, and rightfully so. On a side note, your comment made me think of one silver lining in the current law: if nothing changes, inflation should break down this barrier. I wouldn't be surprised if in 10 years time, startups pay over 200K.