The Securities and Exchange Commission may adopt rules to let internet-age technologies be used in fund-raising.
The agency is considering whether to let fast-growing companies use social networks such as Facebook and Twitter to raise funding by tapping thousands of investors for small amounts of money, the Wall Street Journal reported.
The move is part of a larger review by the Securities and Exchange Commission into whether to ease decades-old constraints on how companies can issue new shares to the public. The new funding techniques, known as “ crowd funding,” could usher in a new era of capital abundance for Silicon Valley’s startups.
To read the full, original article click on this link: SEC may let startups use social networks to raise money | VentureBeat
Author: Dean Takahashi