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You might find something internationally, but in the US there isn't anything on my radar. It's technically possible, we used state law ourselves to dogfood fro
by gbelote 14y ago
You might find something internationally, but in the US there isn't anything on my radar.
It's technically possible, we used state law ourselves to dogfood from unaccredited investors, but there are a number of issues that make it too much of a legal headache to be worthwhile. We explored this avenue last fall, and found it to create an adverse selection scenario (i.e. strong companies don't want to deal with it because they can raise money traditionally).
Maybe someone will try it, but the issue is that it puts the companies who raise money at risk - not the platform. I'd be skeptical about investing in companies raising money on such platforms, but I have obvious bias - I'm a cofounder of Wefunder. :)
However note: once Title III of the JOBS act takes effect, the unaccredited investor landscape will change dramatically.