Given that law, I wonder if there's going to be a land grab to become the kickstarter of startups. Should be fun to watch.

Yeah, there's already startups waiting in the wings, which is interesting given that it'll be a solid year or more before regulations are formed around this. All we have now is an enabling act. As can be imagined, it takes time for regulatory agencies to iron out all of the details to put a body of regulations in place.

I'm most interested in how they deal with the rights of these investors. Will they be able to demand to inspect books of startups they invested in? Will they have voting rights?

It could get dicey, especially with unsophisticated investors.

If this becomes legal, wouldn't kickstarter instantly be the kickstarter of startups?

They've said they're not interested in doing it, which is kind of surprising.

There will be substantial regulatory issues to deal with, so it's not too surprising they don't want to drag themselves into that. Better to maintain their focus.

Well, that opens up the spot for a new startup.