4 ms·
No, I belive it was previously illegal. Investors had to be qualified in any number of ways and you couldn't accept money, especially small amounts of money as
by jerrya 15y ago
No, I belive it was previously illegal.
Investors had to be qualified in any number of ways and you couldn't accept money, especially small amounts of money as you would in crowdfunded companies, from anyone less than a sophisticated investor (net worth over $1M).
- nikcub 15y agoinvestors both had to be accredited (easy to get around) and it was also illegal to advertise or promote a private placement (not easy to get around)