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

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.