This doesn't hurt startups, it hurts investors by making some people who are currently investors unable to invest in certain types of investments. It could hel

This doesn't hurt startups, it hurts investors by making some people who are currently investors unable to invest in certain types of investments. It could help startups. We don't really know what the effect on startups will be. There's no clear evidence that investment in startups by outside forces is actually good for those startups. In fact, it may benefit startups in general by giving more of them a more level playing field for longer. A great startup without investment can compete more effectively against a lesser quality startup with investment, so I'm not convinced that this will really hurt startups. It's no wonder that it is investors who are claiming this law is going to hurt startups. There's lots of evidence that not getting investment can be good for startups, so I'd like to see some evidence that making it hard to invest actually hurts startups. If startups were more focused on generating revenue to keep themselves alive, we'd be less focused on seeking investment and perhaps be more likely to survive.