3 ms·
We're actually working on a crowdfunding site that's been waiting on this law to pass to begin operating. That cap is an annual cap for individuals. Companies a
by littlegiantcap 15y ago
We're actually working on a crowdfunding site that's been waiting on this law to pass to begin operating. That cap is an annual cap for individuals. Companies are limited to 1 million dollars of crowdfunding per year. I know there was a proposed 2 million dollar cap on how much a company can raise in a year if they had audited financials, but I'm not sure if that made it into the final cut.
- joeag 15y agoIf permitted by the law if and when it does pass, I would start a portal that co-invests in EVERY startup that is presented for crowdfunding through the portal. As an investor there is no better indication of legitimacy than when the sponsor has money in the deal. Then if and when your portfolio companies have success you have a real track record to build on and grow your portal.
- littlegiantcap 15y agoThat's unfortunately illegal. We aren't allowed to have any financial interest in any company on our site.
- joeag 15y ago"Illegal"? They just passed the law and regs haven't been written yet. That's why I stated "if permitted by law" - I don't think there is "law" yet.