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March 24, 2016 01:00 am GMT
As strange as it may seem, only a small percentage of Americans can legally invest in most startups today. Under long-standing rules governing who qualifies as a so-called “accredited investor,” only quite wealthy individuals (those make at least $200,000 in annual income or have $1 million in assets, excluding their home) can buy shares in a fast-growing, privately held company. Read More
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/W0X1CE_vZ8I/
The SEC could change the requirements for investing in startups, and thats not good
As strange as it may seem, only a small percentage of Americans can legally invest in most startups today. Under long-standing rules governing who qualifies as a so-called “accredited investor,” only quite wealthy individuals (those make at least $200,000 in annual income or have $1 million in assets, excluding their home) can buy shares in a fast-growing, privately held company. Read MoreOriginal Link: http://feedproxy.google.com/~r/Techcrunch/~3/W0X1CE_vZ8I/
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