06 September 2013

Startups, Funding Options, Seed Cash

Startups have new options for millions of dollars in 'seed' cash - SiliconValley.com: "Joining the Crowd - While AngelList and similar services like FundersClub require their members to be accredited -- which, in the parlance of the Securities and Exchange Commission, means having substantial financial resources and an investing track record -- anybody with a credit card can invest as little as $1 in fledgling businesses through sites like Kickstarter and Indiegogo. Massolution, a research firm in Los Angeles, reports there are now hundreds of crowdfunding platforms. Last year, they collectively channeled $2.7 billion to entrepreneurs, nearly double the previous year's tally. Massolution CEO Carl Esposti cites the example of Pebble Technology...."

Note: Current SEC rules restrict crowdfunding sites in the United States to investing in specific projects, such as the Pebble watch, rather than buying a piece of the company itself. But that's expected to change late this year when federal officials hammer out new rules as part of sweeping legislation called the JOBS Act (short for Jumpstart Our Business Startups).

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