photo credit: http://www.flickr.com/photos/42621781@N08/ Seed money. Angel investing. Venture capital. Funding start-ups that aspire to be "big business" has become a strange beast. Today is the official effective date for Title II of the JOBS Act, which many are hopeful can kick off a New Great Era of fundraising. But in many ways, this is a huge red herring. Once upon a time pretty much any company that wanted to could raise money according to a broad array of " blue sky " laws which varied by state: Blue sky laws developed in the frenzied years leading up to the Great Depression, in response to fact that more and more ordinary investors were losing money in highly speculative or fraudulent schemes promising high investment returns, such as oil fields and exotic investments in foreign countries . But after the hype, boom, bust and onset of the Great Depression, thinking changed a bit. The passing of the Securities Act of 193...
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