Entrepreneurial Life: Crowdfunded Equity Investment Among Wealthy Investors Now Possible Under Jumpstart Our Business Start-ups Act

Public crowdfunded equity investment in the place of private financing?

The legally sanctioned opportunity to raise large amounts of start-up money through "crowdfunding" recently became a reality through the so-called JOBS Act, although such equity investment is still limited by law to investors who have a net worth in excess of $US 1 million or an income of more than $200,000 per year.

Jenna Wortham has the details of the story at the New York Times in Law Opens Financing of Start-Ups to Crowds.