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It Just Got a Whole Lot Easier to Fund Your Startup
For all the transparency and disruption that startups have brought into the world, the process of funding them remains largely opaque and old-fashioned.
Money tends to come from exclusive, geographically concentrated networks of entrenched investors, and deals are driven largely through word-of-mouth referrals, the accumulation of various status markers, and a long series of often elliptical conversations and in-person meetings.
This week, the Securities and Exchange Commission approved rules that will begin to open, accelerate, and more deeply systematize the process of raising money for startups.
By Ryan Tate
Full Story: http://www.wired.com/business/2013/07/the-emerging-vc-machine/
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Securities and Exchange Commission Adopts Rules Allowing General Solicitation http://www.matr.net/article-56394.html
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