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Smaller _accredited_ investors. I not entirely up to date on how the JOBS act changed the definition of "accredited," but otherwise that seems like an oxymoron.
by ojbyrne 14y ago
Smaller _accredited_ investors. I not entirely up to date on how the JOBS act changed the definition of "accredited," but otherwise that seems like an oxymoron.
- dsl 14y agoThe JOBS act did not change the definition of accredited at all (despite what most people in the valley believe). It added a new "crowdfunding offer" that allows individuals to invest 5% of their annual income if less than 100k, or 10% if over 100k up to a maximum of 100k. AFAIK that part is still tied up in the SEC working on implementation details.