>Seems like a "curated fund" where organizations like YC pick the companies and crowdsource funds would be one of the better applications of the new legal permissions (the potential "worse applications" being boiler rooms pushing hot new photo sharing startups to midwestern pensioners).
The JOBS Act prohibits intermediaries from offering investment advice or recommendations on investments.
Comments
>Seems like a "curated fund" where organizations like YC pick the companies and crowdsource funds would be one of the better applications of the new legal permissions (the potential "worse applications" being boiler rooms pushing hot new photo sharing startups to midwestern pensioners).
The JOBS Act prohibits intermediaries from offering investment advice or recommendations on investments.
See Section 304.b