[mikkel]

First off, as a Colorado resident with a startup - this is great! There are a few points that make it not so great:

You can only have investors from colorado, to a company formed in colorado and 80% of the investment has to be spent in colorado.

Still this is a move in the right direction, and I hope it helps some of my CO-based peers get off the ground.

source:

http://www.leg.state.co.us/CLICS/CLICS2015A/csl.nsf/fsbillco...

(A) THE INVESTOR IS A COLORADO RESIDENT OR IS AN ENTITY FORMED PURSUANT TO COLORADO LAWS;

(B) THE ISSUER OF THE SECURITIES IS AN ENTITY FORMED PURSUANT TO COLORADO LAWS AND DOING BUSINESS IN COLORADO; AND

(C) THE ISSUER INTENDS TO USE AND USES AT LEAST EIGHTY PERCENT OF THE PROCEEDS OF THE SALE OF SECURITIES IN COLORADO

[mooreds]

I think that these constraints (at least the investors being in CO) is due to SEC rules. I read Locavesting ( http://locavesting.blogspot.com/p/about-locavesting.html ) a while ago and seem to remember that state regulated stock exchanges operate under a different set of rules.

[saryant]

Sounds similar to the rules Texas issued last year: http://www.ssb.state.tx.us/Important_Notice/Information_for_...

[RobotCaleb]

What is your startup?