The British crowdfunding space would be better off if a cap was introduced on how much entrepreneurs could raise.
That is according to the British Business Angels Association’s (BBAA’s) Jenny Tooth, who spoke exclusively to Startups about regulation of online investments.
The BBAA’s business development director spoke out after President Obama approved a bill that will legalise equity-based crowdfunding in the United States (where equity in a business is offered in return for funding).
The Jumpstart Our Businesses (JOBS) Act will allow US businesses to raise up to $1m (£620,375) a year through approved crowdfunding platforms (without SEC registration); a move Tooth described as “very sensible.”
To read the full, original article click on this link: BBAA calls for a cap on crowdfunding | Startups
