SELECTIVE DISCLOSURE: A Brazilian indigenous man uses Facebook in Cuiaba. Online startups with eye-popping statistics that purport to show their popularity have captivated the attention of the media and investors. — Reuters
SAN FRANCISCO: Everyday investors can finally buy shares in private startups, but so far "crowdfunding" is off to a slow start.
After new investment rules came into effect this week that allow anyone to invest in private companies, only around three dozen startups – including a distillery and a donut store – were peddling stakes to the public on nine funding websites by May 18 morning, according to news site Crowdfund Insider.
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