No. Under the Securities Act of 1933, most entrepreneurial investment activity has revolved around venture capitalists, angel investors, and “accredited” investors, the wealthiest 3% of the country. Now, investment crowdfunding allows new and existing Michigan businesses to raise capital from private, “non-accredited” Michigan investors, who comprise 97% of the population. Non-accredited investors can invest up to $10,000 per company, per year, in businesses incorporated or organized under Michigan law. Accredited investors may invest any amount.
← Haven’t I always been able to invest in my local businesses?
Haven’t I always been able to invest in my local businesses?