3(c)(1) and 3(c)(7) refer to two different exemptions from the requirements imposed on “investment companies” under the Investment Company Act of 1940. In this post, we explain what you need to know.
Recently, the SEC publicized an in-depth investigative report which determined that initial coin offerings are subject to securities regulation. This post provides an update on this rapidly-developing area.
Accredited Investors vs. Qualified Clients vs. Qualified Purchasers: Understanding Investor Qualifications
Accredited investors, qualified clients, and qualified purchasers are three categories of investor qualification that are important to private fund managers. This post provides an explanation of the differences between them.
In recent years, Congress, the SEC, and state regulators have enacted a number of alternative exemptions designed to make capital formation easier for growing businesses. In this post, I’ll provide an overview of these newer options.
Private equity and venture capital funds usually are organized to have a limited life cycle, often in the range of 7 to 15 years. In this post, we describe what you need to know about the different stages of that life cycle.
There are many investment structures available when it comes to raising startup capital. A popular option is convertible equity, such as SAFEs and KISSes. In this post, we explain what you need to know.