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I've kind of been wondering if it would be possible to have some sort of mini-stock exchange for startup companies. Like the Toronto Venture Exchange, but spec
by dstein 16y ago
I've kind of been wondering if it would be possible to have some sort of mini-stock exchange for startup companies. Like the Toronto Venture Exchange, but specifically for startup tech companies.
Just completely eliminate the VC/angel seed system, and replace it with a democratized, electronic, exchange.
- grandalf 16y agoIt should be possible, but the US government would limit it to accredited investors, and there are already a lot of firms catering to them.
- alain94040 16y agoThat was one of our goals when we started fairsoftware (now foundrs.com), but US regulations prevented us from going all the way. I think we were pretty good at bypassing a lot of SEC regulations (we invented a concept of "virtual shares"), but cash for shares was off-limits. And we had some pretty good lawyers to help us out.
- bl4k 16y agohttp://www.secondmarket.com/ http://www.secondmarket.com/ regulated like crazy. you can't promote the sale of a stock without it being publicly traded. secondmarket gets around this by first being regulated and second being a matching service and not an open market.