GOOD

Teaching the Middle Class to Invest Like the One Percent

A new financial services company wants to create a “revolution” by giving everyday Americans access to the investment strategies of the wealthy

Illustration by Addison Eaton

Income inequality is by now a term most Americans know well. From French economist Thomas Piketty’s surprise bestseller tackling the topic, to the new leader of the Fed, Janet Yellen, confessing that the trend “greatly concerns” her, to a much-shared study indicating the U.S. is closer to an oligarchy than democracy, 2014 was the year that the widening gap between the wealthiest and poorest families in America went mainstream.

Keep Reading Show less
Articles

It’s been an exciting time for entrepreneurs here in the U.S., especially those who are looking to raise capital for their startups. On September 23, the Securities and Exchange Commission (SEC) lifted the ban on general solicitation (aka Title II, which allows startups to publicly advertise that they’re raising capital), and now the crowd-investing community is patiently waiting for the passage of Title III (to allow anyone to invest in startups and small businesses in exchange for equity/shares of the company). So why should entrepreneurs and investors care about Title III? Because this new law will allow everyday “normal” people to invest their money into innovative startups they support and believe. Can you believe that this is currently illegal?

Keep Reading Show less
Articles

Crowdfunding Is About to Get Legit: Here's What You Need to Know

Right now, when you back a project on Kickstarter, you're technically a donor. Soon, you'll be able to actually invest. That changes everything.

I'll probably never invest a meaningful amount of money in a startup or donate enough money to a museum to name a wing after me—or even a bathroom—but I've taken real pleasure in spending my hard-earned dough on a couple of Kickstarter projects. Looking at my backer history on the site, I see that I've only backed projects by people I know.

Keep Reading Show less
Articles