Crowdfunding bill passes in the House

Huh. That would be a big change. I'm surprised I haven't seen more advocacy for it from HN.<p>A question, though: in a post-"crowdfunding" world, what would a "crowdfunded" round do to your prospects of getting venture capital down the line? Wouldn't it gnarl up your cap table? How long will it take to shake the legal intricacies of this out?

On it's face, it sounds like the bill would also remove the accredited investor requirement in &#60;$1m angel rounds.<p>Anyone who understands this thing have a read on whether that is actually so?

Sweet! I was hoping they would break this part out into its own bill.<p>This is true economic jet fuel. Most of the jobs package was not terribly exciting but when I came across this bit I truly got jazzed about the possibilities. I hope the SEC doesn't drag their feet after this is passed.<p>Even if we end up with a ton of failed companies from this and a lot of burned investors the individual risk will be low and the entrepreneurs that come out of the other side will be that much better the next time. It really opens up the game to a huge number of people that otherwise would not have much hope of even getting 'friends and family' seed money.

H.R.2940 did pass the House today<p><a href="http://thomas.loc.gov/cgi-bin/bdquery/z?d112:HR02940" rel="nofollow">http://thomas.loc.gov/cgi-bin/bdquery/z?d112:HR02940</a>:<p><a href="http://www.opencongress.org/bill/112-h2940/" rel="nofollow">http://www.opencongress.org/bill/112-h2940/</a><p>--<p>H.R.2930 (CrowdSourcing one) still making its way<p><a href="http://thomas.loc.gov/cgi-bin/bdquery/z?d112:HR02930" rel="nofollow">http://thomas.loc.gov/cgi-bin/bdquery/z?d112:HR02930</a>:<p><a href="http://www.opencongress.org/bill/112-h2930/" rel="nofollow">http://www.opencongress.org/bill/112-h2930/</a>

So... when can we mere mortals join Yuri Milner et al. in investing in YC companies?

After actually reading the short article, NO it did not pass in the house. I'm not a legislative expert but it sounds like it passed through the rules committee and will be debated today and tomorrow. Crossing my fingers...

This one is more interesting: Can this be called the Facebook bill? It moves the 500 shareholder limit to 1000.<p><a href="http://www.opencongress.org/bill/112-h2167" rel="nofollow">http://www.opencongress.org/bill/112-h2167</a>

HR 2930 passed today by a count of 407 to 17.<p><a href="http://clerk.house.gov/evs/2011/roll825.xml" rel="nofollow">http://clerk.house.gov/evs/2011/roll825.xml</a>