Startup Stock Exchange Looking To Disrupt VCs

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.

http://blogs.wsj.com/venturecapital/2014/09/23/startup-stock-exchange-ready-to-take-startups-public-in-curacao/?mod=WSJBlog

About JeffKoeppel

I am a corporate/securities attorney in the Washington, DC area. Prior to joining the firm, I was a Senior Attorney Advisor in the Division of Corporation Finance at the U.S. Securities and Exchange Commission. I am a member of the Bars of the States of Maryland, New York and the District of Columbia. You can also follow this blog on LinkedIn at: http://www.linkedin.com/pub/jeffrey-a-koeppel/0/63/5a9
This entry was posted in Crowd Fund Act, Crowd Fund Act of 2012, Crowd Funding At the Margins, Crowd Funding Platforms, FINRA, Funding Portals, Investments, Jobs, Legislative Intent, SEC, Small Business, Venture Capital, Wall Street and tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , , , . Bookmark the permalink.

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