Startups Can Generally Solicit Starting September 23

"permits an issuer to engage in general solicitation or general advertising in offering and selling securities pursuant to Rule 506, provided that all purchasers of the securities are accredited investors" This is huge.

Re: Startups Can Generally Solicit Starting September 23

#5

Post by [deleted] » Wed, Jul 24, 2013, 4:21 PM UTC

sbw wrote: post #2

Provided solicitations are limited to accredited investors...

[deleted]

Re: Startups Can Generally Solicit Starting September 23

#6

Post by newsign » Wed, Jul 24, 2013, 4:21 PM UTC

So how far are we from real crowd-funding? i mean no requirement of accredited investors? i'm sure someone is already working on that bill ...

Re: Startups Can Generally Solicit Starting September 23

#7

Post by nickodell » Wed, Jul 24, 2013, 4:25 PM UTC

sbw wrote: post #2

Provided solicitations are limited to accredited investors...

What's an accredited investor?

edit: Nevermind, it's a person with at least $1,000,000 in assets or $200,000 dollars in income.

Re: Startups Can Generally Solicit Starting September 23

#8

Post by philmcc » Wed, Jul 24, 2013, 4:27 PM UTC

nickodell wrote: post #7

sbw wrote: post #2

Provided solicitations are limited to accredited investors...

What's an accredited investor? edit: Nevermind, it's a person with at least $1,000,000 in assets or $200,000 dollars in income.

Someone who has made more than $200,000 in the last two years, ($300k if married) OR net worth > $1mm.

(or so sayeth the article.)

Re: Startups Can Generally Solicit Starting September 23

#9

Post by jpdoctor » Wed, Jul 24, 2013, 4:38 PM UTC

I'm trying to figure out the barrier-to-entry for scam artists, and they seem pretty low.

Re: Startups Can Generally Solicit Starting September 23

#10

Post by irtefa » Wed, Jul 24, 2013, 4:38 PM UTC

It will be interesting to see what kind of investment platforms (like kickstarter) this will create.