Crowd investing legalized

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Together, we told Congress to act. They listened. Thanks in large part to you and the other soon-to-be investors that signed our petition, crowd investing has been legalized. Starting in January 2013, everyone will have the opportunity to invest in startups they believe in.

http://wefunder.wefunder.com

Wefunder is a crowd investing platform for startups. We help seed investors purchase stock for as little as $100 in the most promising new businesses around the country. On the other side, we help founders raise funds from their most passionate users who provide product feedback, marketing evangelism, and business connections. We help more startups succeed.

Couple points:

  1. The more important problem (and the root problem as well in this case) is not entry into institutions with a wealth requirement but inequality itself.
  2. In a more just, more equal world, we would see more structures and services like this. In other words this is a good thing in itself.

That this is only happening now, after (at least) three decades of capitalism-for-the-common-man propaganda, tells us enough about what our financial institutions are really set up for.