Ordinary people, startups and even the economy in general are being held back by an arbitrary distinction – what does it mean to be a “sophisticated investor”? It doesn’t need to be this way.
- Professor of Finance, UNSW
The government should be encouraging informal investors to put their money into start-ups, not barring them from tax offsets that encourage them to do so.
The government’s innovation agenda is heavy on incentives for startups and entrepreneurs.
Last month the Securities and Exchange Commission (SEC) in the United States released a proposal that paves the way for “equity crowdfunding”. Unlike existing crowd-funding platforms such as Kickstarter…
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