Spain’s growing, but delicate startup ecosystem can breathe a collective sigh of relief as the Spanish government has reversed it’s decision to limit the amount of money a professional investor can invest on a crowd-funding platform in Spain. While the rest of the continent is experiencing explosive participation in crowdfunding activity, it seemed for a minute there that Spain was hellbent on killing it. The law, which is still on for regular folks like me, would have capped professional investors at €3000 per project and €6000 per platform per year.
While the rest of us need to wait, at least it’s a step in the right direction. Crowdfunding is still in it’s infancy and does warrant some degree of caution, but at least least we’re all in agreement at the potential it holds for future business and job creation.
Source: El Confidencial