Anyone in America is now welcome to join the exclusive club of “accredited investors” who have been retaining the privilege of investing in startups, and potentially reaping the benefits. No more need to show a net worth of more than $1 million or income of at least $200,000 for each of the last two years to join the fray, after the new rules were unanimously voted by the Securities and Exchange Commission yesterday. A smart move, given the World Bank’s estimates that the worldwide equity crowdfunding market will hit $93 billion by 2025. “This is overwhelmingly good news, as it opens up a new path for small private companies to raise money directly from their communities, customers, and followers, and a new way for members of the general public to invest in startups, local companies, and new kinds of investment,” wrote David Pricco, editor of CrowdExpert.com. We couldn’t say it any better.
Average Americans are allowed to become official investors
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