[Infographic] What The SEC Announcement Means For Startups And Entrepreneurs
July 10th, 2013 marked a monumental day for many startups across the United States - the US Securities and and Exchange Commission (SEC)
announced that the ban on general solicitation has been removed for small businesses seeking startup capital
, allowing for sweeping changes in the way businesses find funding.
With general solicitation now permitted, startups have the opportunity raise money from a wider range of investors and sources - potentially accelerating their funding and increasing their chances of business success.
Here's an infographic from the folks at Fundable.com
that shows what the changes to come as a result of that lifting of the ban can mean for startups and entrepreneurs seeking funding:
Daniel Goh is the founder and chief editor of Young | Upstarts, as well as an F&B entrepreneur. Daniel has a background in public relations, and is interested in issues in entrepreneurship, small business, marketing, public relations and the online space. He can be reached at daniel [at] youngupstarts [dot] com.