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As the President of Seattle Angel, I’ve worked with a fair number of new angel investors over the years. I continually found that investors were exploring a personal interest and an investment return when they approached angel investing. This is a little different than a pure financial investor as
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The SEC recently issued an important no-action letter for online portals, and for other issuers of securities (including startup companies), trying to raise money in compliance with the SEC's new 506(b) and 506(c) rules. We can thank Dan DeWolf from Mintz Levin and his colleagues for
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Once again I had the fun opportunity to work on a writing project with Lauren Hakala from Practical Law. This time we updated the previous piece we had written on General Solicitation, to take into account the recent SEC guidance. General Solicitation: What Are the Highlights of the SEC'
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Intellectual Property 101 - A Basic Guide to Understanding IP. from Ashley Long
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There is a lot of confusion in the early stage company ecosystem about general solicitation. When you are trying to sell shares in your company (or a convertible note, or convertible equity), how much can you say about that in the media? Can you post something on Facebook? On Twitter?
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Last Thursday the SEC issued guidance on what constitutes general solicitation. This guidance is helpful to companies trying to conduct Rule 506 offerings. Thanks to the JOBS Act, we now have two types of Rule 506 offerings. Those that cannot be generally solicited and those that can. This might sound