Cleveland Whiskey’s among the companies taking advantage of new crowdfunding rules

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.

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