The ACA voiced support for pending legislation in the House and Senate to make it easier for entrepreneurs to raise early stage capital. They put their position in a good context with angel financing which is the ACA’s focus as the national association of angel capital groups. The ACA also mentioned the need for coordinated legislation with crowdfunding for angel capital (re: S. 256). See the ACA’s public statement below:
Public Statement on Crowdfunding Legislation
December 5, 2011
The Angel Capital Association (ACA) wishes to provide our support for the concept of crowdfunding, currently addressed in H.R.2930 and S.1791. ACA is the North American trade association of angel groups and private investors that invest in high growth, early‐stage ventures. ACA membership includes more than 160 angel groups and 20 affiliate organizations across North America. ACA member angel groups represent more than 7,000 accredited investors. Our focus is on professional development for accredited investors active in supporting some of the nation’s highest growth startups.
To read the full, original article click on this link: Angel Capital Association Supports Crowdfunding Legislation | Ascent Partners
