Liz Gannes

Recent Posts by Liz Gannes

House Approves Revised Crowdfunding Bill, Sends It to Obama

The U.S. House of Representatives today passed with a vote of 380-41 a final version of the JOBS Act, revised to conform with the Senate version. The new bill reduces the amount that unaccredited investors are allowed to contribute to “crowdfunding” for small companies. It also pushes the maximum number of shareholders a private company can have without falling under financial reporting regulations to 2,000, from 500.


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Just as the atom bomb was the weapon that was supposed to render war obsolete, the Internet seems like capitalism’s ultimate feat of self-destructive genius, an economic doomsday device rendering it impossible for anyone to ever make a profit off anything again. It’s especially hopeless for those whose work is easily digitized and accessed free of charge.

— Author Tim Kreider on not getting paid for one’s work