Middlemen be damned!!
This is big. The lifting of an 80+ year old ban on investment advertising. Speaking from the stand point of an entrepreneur and having raised significant amounts of capital this should dramatically help! The market for short term, series A and bridge funding is so artificially distorted because the investments can only be done by word of mouth or a singel degree of separation It has created a huge market of scumbags that do nothing but are the interconnectors and dont provide any real value. SEC congrats on getting this one right!
The SEC has just voted 4 to 1 in favor of implementing section 201(a) of the JOBS Act, which lifts the ban on general solicitation and permits startups, venture capitalists, and hedge funds to openly advertise that they’re raising money in private offerings.