Outsourcing the IPO Market to Hong Kong

I’ve linked to several Robert Cringely posts on the Startup scene in the Silicon Valley in the past.  His latest is interesting.  Some startups launch their Initial Public Offering (IPO) on Hong Kong’s stock exchange where the climate is friendlier to small companies.  If they make it big, they may come back for a second round in this country.  Read An IPO minor league in Hong Kong for startups for the details and some additional facts on the JOBS Act. Companies cannot raise more than one million dollars raised and unaccredited investors (net worth less the $1 million) cannot invest more than $2000 per year.