If I'm reading things correctly, people who don't qualify
as an accredited investor (or prefer not to state) are
unable to invest until sometime in this Summer 2013 when
the SEC enacts Title III of the JOBS Act.<p>Is this correct?
A startup for crowd-vesting in startups...<p>Am I the only one that sees this as some kind of signal that the capital markets are hopelessly fubar'd? That perhaps the dollar is turning to garbage faster than we'd like to admit if everyone's lining up to throw thousands after bad ideas in the hopes they'll strike it rich?<p>Is this really a good thing? Or maybe I'm being far too cynical here and crowd-funding is really the road to salvation? I don't like Wall-Street controlling capital any more than the next guy...
I'm all for "crowdfunding" startups, but I don't like the way that WeFunder is going about it in my case.<p>I went through their questionnaire and found out I'm not allowed to invest - fair enough, the rules will get fixed eventually. Then today, I got an email today to say "We have this great investment opportunity! Oh, by the way, screw you because you're not accredited."<p>Until the rules change, don't bother emailing me. Until then it's just a tease, and a little insulting at the same time.
Are there any sites that aren't waiting for the SEC to let unaccredited investors invest?<p>I wonder if there will be a YouTube equivalent in this space: a company that turns a blind eye to unaccredited investors participating, and as a result captures a huge lead in the market. IIRC user submitted illegal content was an early driver of a lot of traffic to YouTube.
Hmm, Wevorce raises some questions. I don't know if their disclaimer about how they are not really a law firm would pass muster. If they are providing legal services, they can't raise funds from non-lawyers.
This is going to be such a powerful tool in the future. Any investors who sleep on this are going to miss out because whoever wins this space will be a public company, hands down.
I really like this. However, I don't see anything regarding the terms and valuation which I would invest at. How can one responsibly invest without know what my $1000 actually gets me?<p>If the process is that the valuation will be set once funds are raised and I will have the option to back out at that point - then this needs to be spelled out. Some clarity here is needed.