Bring on the fundraising billboards.
Getty Images New rules around startup fundraising and investing take hold today that allow companies and firms to actively appeal to the public for funds. The rules, part of the JOBS Act, lift the ban on general solicitation, or general advertising for certain private securities offerings.
One Silicon Valley startup, TechShop — a workshop and fabrication studio popular among hardware makers and industrial designers — took immediate advantage of the change, issuing a press release this morning soliciting $60 million from investors to fuel expansion of its facilities to cities across the U.S.
Image Courtesy of Stuart Miles / FreeDigitalPhotos.net
