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‘Crowdfunding’ for startups gaining steam

blog Crowdfunding, Distributed Knowledge
‘Crowdfunding’ for startups gaining steam
Summary
The Washington Business Journal reports that there’s growing bipartisan support for changes to U.S. SEC regulations .
Description
President Barack Obama has endorsed changes to regulations that would allow for crowdfunding to become more venture-capital-esque. Meanwhile, Rep. Patrick McHenry, R-N.C., introduced legislation this month that would direct the SEC to provide a crowdfunding exemption for firms trying to raise up to $5 million.
Tags: Crowdfunding, Crowdsourcing, President Barack Obama, SEC
Sebastian Blanca Posted by Sebastian Blanca
Oct 03, 2011 02:38 am GMT Viewed 1890 times
Author: Katharine Grayson Source
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