It's illegal to invest $100 in a startup. Should Congress change that?
Did you know it's illegal to invest $100 in a startup?
As Tim Rowe, director of the Cambridge Innovation Center wrote in a Huffington Post article, "Ordinary individuals [can't] invest in each others' new businesses. "Unsophisticated" investors [are] simply considered too gullible to take this risk." Tim's been advising the Senate on The Democratizing Access to Capital Act to change all of that.
Yesterday, we were interviewed on PBS to discuss what Crowdfunding can mean for inventors like us. Please watch the video and tell us where you stand: If it were legal, would you invest in Gotham, or another small business? What kind of restrictions should our government make?