hoperyto Summary:
- Can invest 10% of asset or income whichever is lower if annual income >
107k, else 5% - Over trailing 12-months
- Across all securities offered under Regulation CF
Tier 1:
- Non-accredited investors can invest unbounded amount
- Startup can raise upto $20 Million
- Need SEC and state regulator approval where security/shared being sold
Tier 2:
- Non-accredited investors can invest upto 10% of income or assets,
whichever is greater - Startups can raise upto $50 Million
- Only need SEC approval
- Considered a Mini-IPO
Crowdfunding, Angel Investing Platforms:
alb_d "AngelList co-founder Naval Ravikant, who spent six months lobbying for JOBS Act reforms, recalls:
It ended up being a giant dog's breakfast of different bills combined together, and then some genius, probably some congressional staffer, said "How are we gonna get this thing to pass? Oh-- let's say it has something to do with jobs. Jumpstarting Our Business Startups! JOBS, JOBS!" And then, what congressperson can vote against something called the JOBS Act? It was a miracle."
greymithril