(Reuters) - 500 Startups, the $100 million Silicon Valley venture fund perhaps best known for its incubator program for young companies, said on Thursday it would tap a new source of cash for its latest fund: the public.
Such a move would have been illegal until late last year, when a new law kicked in that allows private companies and funds to use advertising to find investors. Its adoption by 500 Startups, founded by respected entrepreneur and investor Dave McClure, signals growing acceptance of public fundraising in Silicon Valley.
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To read the original article: Venture fund 500 Startups uses Jobs Act to raise $100 million from public | Reuters
