As Crowdfunding Takes Off, SEC Greenlights AngelList's Investment Platform

The Securities and Exchange Commission is making way for a number of startups and online investment platforms to enable startups to crowdsource investment. Early last week, Y Combinator-backed FundersClub received notice from the SEC that the agency would not pursue action against its crowdfunding platform. But it wasn?t alone: a few days later, AngelList received a similar letter from the SEC.

Source: http://feedproxy.google.com/~r/Techcrunch/~3/-6pqUbgOG90/

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