Today's software startup does not need $5M to get going. 1/10 of that is more the case. In response to this development we are seeing new breeds of investors from angels to super angels, micro VCs, etc.
Thousands of us entrepreneurs will benefit from the JOBS Act. This could become a very viable and exciting way for small companies to raise capital. But not yet. The Securities and Exchange Commission (SEC) has nine months to draw up the regulations.
Investing in high-growth companies creates jobs while generating more wealth for investors. The formula has worked for the private venture capital investment community. Unfortunately, no such active community exists in black America.