From the entrepreneur’s perspective, more access to capital is better than less. We have a current ecosystem that involves Angels and VC’s, but there are many reasons why we should make it easier for people to make informed decisions about investing in new ventures.
There’s a hearing in the Washington senate on this Tuesday, 2/25. Here’s a good link to learn more: http://lunarmobiscuit.com/washington-state-jobs-act/
“This law will allow any Washington State company to raise up to $1,000,000 per year from Washington State residents. Any resident will be able to invest at least $2,000, with that amount rising to 5% or 10% of a resident’s income or net worth. No longer will entrepreneurs be limited to raising money from “accredited” investors.”