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Equity for Angels
The SEC's inequitable accredited investor rules hurt the startup ecosystem. It's time for the SEC to fix this: it's time for equity for all angels.
The SEC is failing at its mission
The SEC has a three-part mission: to maintain fair, orderly, efficient markets; to facilitate capital formation; and to protect investors. Under the current accredited investor regime — where only the wealthy are able to invest in startups — it fails.
The SEC is failing at its mission
The SEC has a three-part mission: to maintain fair, orderly, efficient markets; to facilitate capital formation; and to protect investors. Under the current accredited investor regime — where only the wealthy are able to invest in startups — it fails.
The SEC is failing at its mission
The SEC has a three-part mission: to maintain fair, orderly, efficient markets; to facilitate capital formation; and to protect investors. Under the current accredited investor regime — where only the wealthy are able to invest in startups — it fails.
Fair, orderly, efficient markets
Fair, orderly, efficient markets
Is it fair that only the wealthiest have access to the highest growth startup investments?
As startups stay private for longer and longer, access to high-growth investments is becoming even more concentrated in the hands of the already-rich.
Is it fair that only the wealthiest have access to the highest growth startup investments?
As startups stay private for longer and longer, access to high-growth investments is becoming even more concentrated in the hands of the already-rich.
Facilitate capital formation
Facilitate capital formation
Under the current system, it is massive firms and high-net-worth individuals that decide what companies and ventures get built.
When smaller angels can't invest, fewer companies can be funded. How many startups aren't being built today because of accreditation restrictions?
Under the current system, it is massive firms and high-net-worth individuals that decide what companies and ventures get built.
When smaller angels can't invest, fewer companies can be funded. How many startups aren't being built today because of accreditation restrictions?
Investor protection
Investor protection
Shady promoter cold-calling local doctors vs. early-stage startup employee looking to invest in a coworker who just left to do their own startup?
The current rules do recognize any distinction here. Investors may be “protected," but at what cost?
Shady promoter cold-calling local doctors vs. early-stage startup employee looking to invest in a coworker who just left to do their own startup?
The current rules do recognize any distinction here. Investors may be “protected," but at what cost?
Tell the SEC to fix this
The magic of Silicon Valley is in its virtuous cycle: the culture of successful colleagues pooling together capital to give their hungry, entrepreneurial friends the freedom to pursue their dreams when their startups are barely an idea.
Under the present restrictions, fewer people can participate in this cycle, entrepreneurship is less accessible and fewer companies are founded. Moreover, startup employees and founders, from their firsthand experience in the space, tend to be quite skilled at identifying other promising startups. How many great companies are being overlooked because of accreditation restrictions?
We call on the SEC to reform its accredited investor regime and allow more equitable access to angel investments for smaller, earlier-career investors working at startups.
It's time for equity for all angels. Sign the petition now.
Tell the SEC to fix this
The magic of Silicon Valley is in its virtuous cycle: the culture of successful colleagues pooling together capital to give their hungry, entrepreneurial friends the freedom to pursue their dreams when their startups are barely an idea.
Under the present restrictions, fewer people can participate in this cycle, entrepreneurship is less accessible and fewer companies are founded. Moreover, startup employees and founders, from their firsthand experience in the space, tend to be quite skilled at identifying other promising startups. How many great companies are being overlooked because of accreditation restrictions?
We call on the SEC to reform its accredited investor regime and allow more equitable access to angel investments for smaller, earlier-career investors working at startups.
It's time for equity for all angels. Sign the petition now.
Tell the SEC to fix this
The magic of Silicon Valley is in its virtuous cycle: the culture of successful colleagues pooling together capital to give their hungry, entrepreneurial friends the freedom to pursue their dreams when their startups are barely an idea.
Under the present restrictions, fewer people can participate in this cycle, entrepreneurship is less accessible and fewer companies are founded. Moreover, startup employees and founders, from their firsthand experience in the space, tend to be quite skilled at identifying other promising startups. How many great companies are being overlooked because of accreditation restrictions?
We call on the SEC to reform its accredited investor regime and allow more equitable access to angel investments for smaller, earlier-career investors working at startups.
It's time for equity for all angels. Sign the petition now.