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March 28, 2013 10:58 pm GMT
The SEC today paved the way for a new era of venture capital investing by stating it won't pursue enforcement action against FundersClub, whose platform lets any accredited investor fund startups in exchange for equity. Before, some thought FundersClub's founders could face jail time for violating finance laws. FundersClub's model could be used by others before the JOBS Act goes fully into effect.
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/K8afaMWYRzs/
SEC Greenlights One Style Of Equity Crowdfunding For Startups
The SEC today paved the way for a new era of venture capital investing by stating it won't pursue enforcement action against FundersClub, whose platform lets any accredited investor fund startups in exchange for equity. Before, some thought FundersClub's founders could face jail time for violating finance laws. FundersClub's model could be used by others before the JOBS Act goes fully into effect.Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/K8afaMWYRzs/
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