A new venture funding idea not currently permitted to U.S. investors has begun on the island of Curacao.
The Startup Stock Exchange vets companies, then takes them public on the Dutch Caribbean Securities Exchange where they can raise between $300K to $3M. So far, 7 companies have been taken “public,” from investors from 140 countries.
Shares are held by a custodian regulated by the central bank. Margin trading and short selling are not permitted.
The SSX plans to raise $3 to 4 million in venture capital money shortly to enable it to qualify as a securities exchange under SEC rules.