House bill passes to raise IPO threshold from 500 to 1000
Joyce Park stashed this in Silicon Valley!
Stashed in: Tech biz
Fascinating details of lobbying efforts by a secondary market company that stands to gain big from Facebook etc
"Federal and state regulators have voiced concerns over whether the proposed changes may give companies too much flexibility -- and investors not enough protections."
I did wonder about this, too.
Then again, Steve Case wants to make crowdfunding legal as well: http://techcrunch.com/2011/11/15/steve-case-accredited-investor-gambler/