Story of Charlie Shrem Going to Jail and New SEC Crowdfunding Law

Episode 57

This week Brian shared his experience of joining Brett King on podcast Breaking Banks. While Brians podcast focused on Apply pay, we learned of an incredible story of Charlie Shrem, a payment technology entrepreneur who is going to jail because of a retroactive law that outlawed specific transactions from years ago.

In the second part of the podcast we discussed the recent change in SEC raising the limit to $50 million that can be raised by private companies.

Our speakers in this week’s episode:

• Brian Roemmele
• Faisal Khan
• Mike Townsend

Resources:

• Charlie Shrem Saga Ends With Two-Year Sentence in New York Court
• SEC: Startups Can Now Raise $50 Million in ‘Mini IPO’

Also available on iTunes.

Sponsors:
Otter Labs -> Otter helps startups hire talented inexpensive developers faster through staff augmentation, focusing on Argentina.

Redeeem -> Redeeem is a decentralized peer-to-peer exchange that lets you save 15% or more on gift cards using Bitcoin and other cryptocurrencies.