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Sweet! I was hoping they would break this part out into its own bill. This is true economic jet fuel. Most of the jobs package was not terribly exciting but
by clavalle 15y ago
Sweet! I was hoping they would break this part out into its own bill.
This is true economic jet fuel. Most of the jobs package was not terribly exciting but when I came across this bit I truly got jazzed about the possibilities. I hope the SEC doesn't drag their feet after this is passed.
Even if we end up with a ton of failed companies from this and a lot of burned investors the individual risk will be low and the entrepreneurs that come out of the other side will be that much better the next time. It really opens up the game to a huge number of people that otherwise would not have much hope of even getting 'friends and family' seed money.
- nobody31 15y agoWe will end up with a whole bunch of pyramid schemes advertised on lamp posts that use this as a way of separating idiots from their money