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SEC loosens crowdfunding regulations for small businesses financing in pandemic
- lquist 6y agoWould investors be purchasing equity?
- generalpass 6y agoDeep down, I want to believe that someone, somewhere in the government apparatus is working feverishly to help the other apparatchiks to understand the Golden Goose's carotid arteries have been severed, and if something isn't done immediately the entire income stream of all governments is going to fade away into nothing.
- walterbell 6y agoHopefully they win their debates against lobbyists for entities circling to cheaply acquire/privatize municipal and other gov assets that can no longer be sustained due to budget shortfalls.
- helen___keller 6y agoI've noticed multiple advertisements to invest in golf or food production robotics on Instagram, of all places, in the past week. I always wonder what kind of sucker invests into an Instagram advertisement.
- drakythe 6y agoI've seen robotics ads on FB too, since they're owned by the same company if some company is trying to bootstrap themselves using public funds until they can sell to one of the bigger name brands. The ads I've seen are specifically for mowing equipment, with percentages on labor costs saved and everything.
- ceejayoz 6y agoI've been seeing a bunch of these, too, but mine are almond farms and real estate ventures. Yuck.
- ashtonkem 6y agoOften fraudulent offers include a large number of typos or red flags specifically to drive away high information buyers; sealing the deal usually requires some labor, and they want to exclude anyone who might figure it and not buy in the end. Better to exclude a few marks in order to guarantee that everyone who clicks is credulous enough to sell to without significant effort.
- brenden2 6y agoI wonder if this is merely because they don't have the resources to properly investigate small-scale fraud.
- cjlars 6y agoI work in private equity so I've been keeping an eye on the crowdfunding space and the quality of the equity on offer is -- to put it lightly -- unbelievably low. I saw one company offering a SAFE note that only paid out if they went public... for a single location brewpub (not even a chain concept!). I'm not sure if that's legally the same as theft, but I'm quite certain it is statistically the same as theft. I'd advise everyone to steer clear of the space until we have a government interested in minimizing the level of fraud and abuse. This current development is likely to make things worse, not better.
- mistrial9 6y ago.. as a US citizen, I find some ugly humor in someone from the world of "private equity" , hinged on inflated asset valuation a.k.a. fraud, pointing a finger at a single, sole proprietor of a BREWARY making one obviously bad offering.
- tptacek 6y agoThe rare genuine ad-hom. The comment above explained their reservations about the crowdfunding issue for this brewery, and those reservations were extremely straightforward. Also, this kind of personalizing of arguments is forbidden by the site guidelines. Take it to Reddit.
- mistrial9 6y ago(it is my intention to comply with site guidelines)
- tptacek 6y agoYou are comprehensively wrong. You are wrong about what the comment "essentially" does, you're wrong that they used anything as a "podium", you're wrong to quote them saying something they didn't actually say, and you're wrong to point out your personal problems with a commenter or their background, a point, again, amply supported by the site guidelines.
- anticsapp 6y agoNow that Facebook CPMs are dropping (because major brand advertisers are pausing spend), the snake oil salesman are back. There's a hilarious Facebook ad where you can invest in a COVID-19 telemedicine startup. The doctor in her office is tending to a sick patient. Through a laptop. And they both are wearing heavy masks for the laptop session.
- catalogia 6y agoHaven't you ever heard of computer viruses?
- sieabahlpark 6y agoAchoo, tag you're it
- defterGoose 6y agoGives new meaning to "telephony"
- Oblouk 6y agoCrowdfunding should be loosened. Sure some people will get scammed but it is the same people who the government allows to sink their weekly paycheck into scratchers. These regulations are only in place to give PE a monopoly on certain investments.
- deleted 6y ago[deleted]
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