Thursday, November 03, 2011

Entrepreneur Access to Capital Act - lesser of $10,000, and 10% of the investor’s annual income

$5m is a fairly significant chunk to build almost most startups

http://rossdawsonblog.com/weblog/archives/2011/11/latest-equity-crowdfunding-coming-shortly-congress-offers-bipartisan-support.html

Wonder how long this is likely to take to pass through congress.

What do you think? could this radically change NY startup scene? I wonder if this applies to "startup funds" eg a collective formed to "fund" other startups.

Could we see a "kickstarter" fund soon or a "General Assembly Series 1" seed fund.

1 comment:

  1. Giving entrepreneurs access to these funds will not only help them start their businesses, it will also help economic growth by creating more jobs and encouraging commerce in their areas.

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