Hoping a Silicon Valley hotshot will bankroll your app? In the past, you’d have to pitch investors discreetly in meetings and over email, or risk being penalized. But thanks to a not-so-new law that just came into effect, you can now tweet, blog, and shout from the rooftops that you’re looking for funding. The ban on "general solicitation" — asking for money in public instead of behind closed doors — for startups and hedge funds expires today, thanks to the slow-moving but wide-reaching Jumpstart Our Business Startups Act.
What does that mean for the average person? Basically, it just means we’ll see more advertising. Startups will tweet, post on Facebook, and set up websites to hawk their pitch decks. Meanwhile, hedge funds...
via The Verge - All Posts http://www.theverge.com/2013/9/23/4760032/why-you-are-suddenly-seeing-startups-asking-publicly-for-money-jobs-act
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