Now Congress is busy with the hi and lo of Crowdfunding. True Crowdfunding is a system that essentially allows someone to offer their venture as stock outside of the securities system of this country. see Craig Newman, Wired
"On November 9, 2011, the House of Representatives passed The Entrepreneur Access to Capital Act (H.R. 2930), which would create an exemption from current securities registration requirements. It allows companies to raise $1 million annually from individual investors ($2 million if the company provides audited financial statements). Investors would be limited to investing in any year the lesser of $10,000 or 10% of their annual income."--Craig Newman, Wired
Watch for much more debate in 2012 from Senate and Congress see crowdsourcing.org for updates
Not to be judgmental ...It would be far simpler to get Congress and the Senate to just say Namaste --"I bow to you." (like their constituents and each other for starters) There is no law against the President offering the same easy terms and funding he's "stimulated" the banks and BIG corporations with to start ups and small businesses in their first five years.
After all Unity Woods is not so far away from the White House and before you know it .... well... anything is possible.
