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,

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/fsbillcont3/E95B3E809BD0A27387257DA20080509A?Open&file=1246_enr.pdf 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