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April 1, 2013 12:00 am GMT
The Securities and Exchange Commission is making way for a number of startups and online investment platforms to enable startups to crowdsource investment. Early last week, Y Combinator-backed FundersClub received notice from the SEC that the agency would not pursue action against its crowdfunding platform. But it wasnt alone: a few days later, AngelList received a similar letter from the SEC.
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/-6pqUbgOG90/
As Crowdfunding Takes Off, SEC Greenlights AngelList's Investment Platform
The Securities and Exchange Commission is making way for a number of startups and online investment platforms to enable startups to crowdsource investment. Early last week, Y Combinator-backed FundersClub received notice from the SEC that the agency would not pursue action against its crowdfunding platform. But it wasnt alone: a few days later, AngelList received a similar letter from the SEC.Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/-6pqUbgOG90/
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