Story excerpt provided by Crain’s Cleveland Business.
Written by Scott Suttell.
A Cleveland entrepreneur is among those highlighted in this Bloomberg story about new crowdfunding rules taking effect Monday, May 16, that will allow anyone — not just the wealthy — to invest in startups.
The change “overrides a longstanding Securities and Exchange Commission requirement that investors backing private companies be ‘accredited,’ meaning they make at least $200,000 a year and have a net worth of $1 million or more (excluding their home),” the news service reports.
Click here to read the complete article.
Originally published May 13, 2016.