Startups Can Now Raise up to $5M with Regulation Crowdfunding

(SEC amends Regulation Crowdfunding rules- effective as of March 15, 2021)

If you want to simply read about the amendment to the SEC Regulation Crowdfunding rules, see the SEC Compliance Guide here.

In 1929 there was a huge stock market crash in the United States.

In the years leading up to the crash, the stock market was booming and many people were investing huge sums of money into businesses of all kinds- including startups. At the time, there were no regulations around who could invest, how much they could invest, or what companies had to do to prove they were legitimate to invest in.

Millions of people invested their life's savings into businesses with unscrupulous business practices and this all came to a head on October 24, 1929. This day is known as Black Thursday.

Essentially, the stock market collapsed with thunderous rage as millions of panicked investors pulled their money out which spiraled into chaos sparking the worst period of economic ruin and job loss in U.S history.

You may know it as the Great Depression.