In which Congress once again contributes to the problem

[unixronin]

I don't appear to have access to the full article (the portion I can access is here; you may be able to read the whole thing), but writerspleasure points out that Sen. Chris Dodd's financial reform bill includes an ill-conceived measure that would place severe restrictions upon "angel" investors funding startups.

I don't know, and won't speculate, why Sen. Dodd is doing this, except to ask cui bene, but as pointed out in writerspleasure's post, this would be a disaster.  Startups funded by angel investors are less than 1% of all companies operating in the US, yet account for around 10% of new jobs, in addition to being one of the major sources of innovation in the US.

This measure sounds as though it would be tantamount to taking an already-staggering startup segment of the economy out behind the barn and slitting its throat over a bucket.

Comments

[unixronin.livejournal.com]

You might very well have something there.