Daily tips and tricks from the experts at Adafruit!
View this email in your browser

Anyone Can Back a Startup Now. But Good Luck Finding the Next Uber – Bloomberg.

New crowdfunding rules taking effect Monday will let anyone—not just the wealthy— invest in startups. But don’t bet on the ”99 percent” finding the next Uber overnight. 
The change overrides a longstanding Securities and Exchange Commission requirement that investors backing private companies be “accredited,” meaning they make at least $200,000 a year and have a net worth of $1 million or more (excluding their home).

Now startups raising money through online crowdfunding portals will be able to sell shares to people regardless of their wealth or income so long as the founders have submitted annual financial reports to the SEC. In exchange, companies can raise up to $1 million. 

Read more.

Huh, Kickstarter for the masses … but this is an interesting quote from the article “A spokesman for Kickstarter said the company has no intention of adding equity investing to its platform. But rival crowdfunding portal Indiegogo does.”