Venture Capital for the 99%

posted on 29/02/2012 09:50 #startups #croudfunding

http://bigthink.com/ideas/42357 →

[…] until now, it has been illegal to invest as little as $100 at a time into a new startup without first being an accredited investor. If you don’t have $1 million in assets or $200,000 in annual income, you don’t qualify and can’t invest. Until now, venture capital has been a game only for the 1%. A new petition circulating on the Internet seeks to change all that by encouraging Congress to pass a law (Democratizing Access to Capital Act) that would make it possible for anyone to invest small amounts of money in a new venture, in the same way you might crowdfund an art project.

---