Startup Finance and Dodd Bill – follow up

On my last post, I referenced Scott Shane’s data. For those that haven’t read his book, The Illusions of Entrepreneurship: The Costly Myths That Entrepreneurs, Investors, and Policy Makers Live By (http://www.amazon.com/Illusions-Entrepreneurship-Costly-Entrepreneurs-Investors/dp/0300158564/ref=sr_1_1?ie=UTF8&s=books&qid=1269045575&sr=8-1) – it’s an important book for angel investors.

He has now published an article in Business Week that gives more detail on his insights and calculations of the impact of Dodd’s unintentional assault on angel investing (http://www.businessweek.com/smallbiz/content/mar2010/sb20100318_367600.htm).

Bills of the magnitude and length of Dodd’s financial reform bill achieve many important reforms, but it cannot be allowed to pass in its current form and cripple something that is both vital and working, like angel investing.

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