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Big bang for startup crowdfunding opens with a fizzle
Only around 35 startups selling stakes to the public on nine funding websites
Add BT as a preferred sourcePublished Thu, May 19, 2016 · 09:50 PM
San Francisco
EVERYDAY investors can finally buy shares in private startups, but so far "crowdfunding" is off to a slow start.
After new investment rules came into effect this week that allow anyone to invest in private US companies, only around three dozen startups - including a distillery and a donut store - were peddling stakes to the public on nine funding websites by Wednesday morning, according to news site Crowdfund Insider.
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