You’ve got a great startup idea. Now, all you need is the money.

This remains a significant stumbling block for many small businesses, but recent legislation is attempting to level the playing field. Title III of the JOBS Act, which went into effect in May, allows “non-accredited” investors (think the vast majority of your friends and family) to invest in startups and receive equity in return. Yes, there are constraints. But the idea is that rules like this broaden the definition of what raising money can mean for a startup. (Just look to Brooklyn for equity crowdfunding in action.)

So, could this be right for your startup?

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