Chris Dodd Sits On The Side of Angels
Last month we wrote about how a pair of provisions in Chris Dodd's financial reform bill could be problematic for angel investors and startups. One provision would virtually double the theshold for qualifying as an accredited investors, while the other would have effectively removed the federal exemption for Regulation D -- thus increasing the cost and complexity for those raising money from sources in multiple states. VC bloggers took to their keyboards with outraged strokes, while trade groups like the Angel Capital Association and Connecticut Technology Council worked to change minds of Capitol Hill. Not sure which was more effective, but the trade groups are now claiming a tentative victory.
22 April 2010•2 mins read
