2 ms·
About time they dumped these rules. They are old and archaic. Companies should be allowed to raise money from whoever they want, and people who aren't as fortun
by nikcub 16y ago
About time they dumped these rules. They are old and archaic. Companies should be allowed to raise money from whoever they want, and people who aren't as fortunate as 'qualified investors' should be given the opportunity to invest in high-growth companies. It would level the playing field a bit - rather than keeping all tech growth gains in the hands of a select few.
The solicitation portion of it is mad, our lawyer previously told us not to even mention on our website or blog that we are raising money, incase it is misinterpreted as public solicitation.
This is all that is holding Kickstarter et al back from running full fundraising rounds.