Delaware moved one step closer to providing local startups access to a new source of investment capital.
Gov. Jack Markell signed a bill into law Monday that will allow Delaware businesses to sell stock using a method similar to the crowdfunding model popularized by websites like Kickstarter and Indiegogo.
The new law will not take effect until at least October to give the state Department of Justice’s Investor Protection Unit time to develop formal rules and regulations. Even then, the measure will only allow state residents to invest in Delaware companies.
Image: http://www.delawareonline.com
