3 ms·

So does this mean I no longer have to be an accredited investor to purchase shares on companies?

• vnchr 15y ago
  It will if/when this passes. It's not passed yet, article is wrong. But it should if you know the nuances (working on a blog post now). Basically, you'll be able to invest up to 10% of your income or up to $10k, whichever is less. Startups can raise up to $1mm that way or $2mm if they get themselves audited.
  • maaku 15y ago
    Also worth noting: the Senate versions are very different, and much more restrictive (limits of $1k, $500k cap, and mandatory auditing in at least one version I read). The house version is much, much more startup-friendly, and hopefully the momentum of this new combined bill will help a similar version pass the Senate.
  • Drbble 15y ago
    Does this freedom extend to buying and selling shares on secondary markets, or only for fundraising. Imagine the fun of manipulating competition by heavy trading in secondary market shares of tiny companies...
    • smcguinness 15y ago
      I'm excited about the chance to get in on secondary markets as a way to get started into the start up investing game. So I hope that it does.
  • mapleoin 15y ago
    How does this apply to non-US citizens?