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Naive question: if as described in point (2) of the OP, the bill would "eliminate federal pre-emption of state regulations of accredited offerings", would this
by mlinsey 17y ago
Naive question: if as described in point (2) of the OP, the bill would "eliminate federal pre-emption of state regulations of accredited offerings", would this not allow some states to create less burdensome regulations than other states or even than Federal regulations? State governments who wanted a Silicon Valley in their state could then take advantage of this to attract a much better community of investors and startups.
- anigbrowl 17y agoSure. 1. I haz bizness idea 2. LOL credit cardz 3. ???? 4. OH NOES I'm not being facetious here, really. Lot of businesses get off the ground using bank credit. Kevin Smith famously made Clerks on his credit cards (a film = a startup), won a prize, and sold the IP for a lot of money and further success. But lots of other people have followed the same recipe and failed. Moral: do not assume 'less burdensome regulations' = 'level playing field', especially if you are the needy party.