Christopher Calnan Staff Writer- Austin Business Journal Email | Twitter Two years after crowdfunding legislation was proposed by federal lawmakers, Texas is poised to finalize its own rules in coming months. The funding rules considered by the Texas State Securities Board would enable unaccredited investors to invest up to $5,000 a year in startups without requiring proof of large income levels. They would also streamline the process and loosen the reporting requirements for startups. The final form of the rules is important to Austin because of the cluster of startups — especially technology companies — relying on investment capital to grow beyond the early stage. The...
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