Canadian tech entrepreneurs will lag behind their American rivals if Canada doesn't mirror U.S. moves to allow online crowdfunding for startups, the Canadian Advanced Technology Alliance warns.
Under current U.S. and Canadian laws, startups can only accept equity investments from venture capital funds or small angel pools like friends and family. Any large scale equity fundraising outside of those sources requires a company to go through the lengthy and expensive process of filing a prospectus with securities regulators.
To read the full, original article click on this link: Legalize crowdfunding or risk losing startups to U.S., CATA says
