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SEC Boots Up for Internet Age (may allow startup crowdfunding)
- dublinclontarf 16y agoThe notion that you will need permission to raise any kind of capital in a certain kind of approved mannor is going to be very outdated very quickly. An almost ruleless stock exchange is launching next week denominated only in Bitcoin, and there have been "companies" that have been operating for months after issueing "shares" for capital (bitcoin in this case). Some have raised as much as $30,000 equivalent in bitcoin. Who cares about the sec anymore.
- trotsky 16y agoThe SEC regs were mostly developed based on actual abuses that developed in the free markets. Just sayin'
- bermanoid 16y agoAn almost ruleless stock exchange is launching next week denominated only in Bitcoin... Very interesting, I'd love to see more details - any public links we can see?
- skimbrel 16y agoIs there a way around the WSJ's paywall? Seems to be not quite as easy to defeat as the NYT's.
- gojomo 16y agoFollow a link from a Google search for the article title.
- trotsky 16y agoDon't think the google news trick works for the WSJ paywall these days. However, I read this article in the print edition, and this Washington Post article is substantially similar: http://www.washingtonpost.com/business/economy/sec-to-study-private-share-trading-rules/2011/04/08/AFzuEE4C_story.html http://www.washingtonpost.com/business/economy/sec-to-study-...
- vampirical 16y agohttp://const.it/online.wsj.com/article/SB10001424052748704843404576251160999848924.html http://const.it/online.wsj.com/article/SB1000142405274870484...
- metageek 16y agoSeems like this wouldn't be needed for most software startups. Even with the 499 limit, you could raise, say, $100 each from 400 investors, and have $40,000 of runway to get you to the point of looking for angel or VC funding. More complex problem domains would probably need more, of course, and it wouldn't work at all for a hardware company that needs $100,000 in equipment to get off the ground.