Irish Startups need to Sign the Petition to Stop This - Right Now!

Under the proposed Directive, VCs will be required to disclose a lot more information, which is likely to cost as much as 100,000 annually per investee company. The Directive also imposes much greater capital requirements on venture firms, even as funds are shrinking to reflect the ease of creating startups now. VCs will also have to use outside depositaries (i.e. custodians) and independent valuation agents, again, adding cost and complexity.

Deadline is tonight.

To support a petition against it, send an mail to replies@evca.eu stating name, company name, HQ location. Use the subject line Entrepreneur Petition against AIFM Directive

Thanks to Mike Butcher for highlighting this. Read the full story at the link above.