"Over the last few decades hundreds of companies, thousands of jobs and billions of dollars of real wealth were created by startups with the support of angel investors. The possibility of a small company to obtain seed funding with little more than an idea is indeed one of the most important wealth creation engines of America. Now this possibility, this engine, is at stake.What are they?
There is a bill currently under review in the Senate that includes two provisions that directly threaten the way that startups are funded. The bill is the "Restoring American Financial Stability Act of 2010” supported by Senator Dodd. Even though the intention of the bill is noble, to attempt to protect investors against fraudulent investment requests, two of its sections can have severe unintended consequences for the economy and the society of the United States."
Read the full posting here.
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