Is the $2M equity crowdfunding limit too low?
Josh Daniell, co-founder of Snowball Effect, says the $2 million limit placed on those raising money through equity crowdfunding is a "good place to start" but will probably be revised over time.
The $2 million cap in one year was raised today during a discussion on new platforms for raising capital at the Conferenz financial markets law conference in Auckland. The panel included Mr Daniell, Neil Roberts from peer-to-peer lender Harmoney, and NZX head of funds management Aaron Jenkins, who has been heavily involved in setting up the new NXT market, which launches tomorrow with the compliance listing of G3 Group.
