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Its exciting to watch this proposal start to come to fruition. I worked in the government, and attended an Access to Capital Summit in the Dept of Treasury bac
by bmahmood 15y ago
Its exciting to watch this proposal start to come to fruition. I worked in the government, and attended an Access to Capital Summit in the Dept of Treasury back in March, where I saw this proposal take bloom.
At the Summit, Jessica Jackley of Profounder and Kiva vocally voiced concern for the Reg A and Reg D restrictions on "accredited investors". Sec Geithner was in the room as well. A month afterwards, the idea had organically permeated other conversations in the White House, and meetings in the OSTP would often bring up the issue. Now it seems its finally made its way into legislative proposal.
Comes to show I think, that even though government is slow, byzantine, and sometimes impossible to access, often all it takes to get something done is to just show up and say something really provocative. Someone may listen!