Strictly Business
A legal blog on private funds, startups, and venture capital.
Strictly Business
A legal blog on private funds, startups, and venture capital.
Tag Regulation D
Dos and Don’ts of Conducting a Rule 506(b) Offering
Rule 506(b) is the most commonly used securities exemption for private companies. This post compiles some best practices for conducting a 506(b) offering in a bullet-pointed list for easy reference.
Is New York’s Form 99 Required When a Rule 506 Offering Has New York Investors?
For issuers using Rule 506, New York requires Rule 506 issuers to file a state-specific form called “Form 99” with the Investor Protection Bureau before selling its securities to New York investors.
Why You Can’t Really Include Non-accredited Investors in Rule 506 Offerings
One common misconception I encounter among startups is the idea that companies raising capital can include non-accredited investors in Rule 506[1] offerings. While it is technically true that a Rule 506 offering may include up to 35 non-accredited investors, what is…
Is it time for the JOBS Act, Part Two?
When the JOBS Act was passed, a lot of people hoped that it would de-regulate startup finance, resulting in a boom of new startups being funded. By repealing the ban on general solicitation, allowing online angel investment platforms, creating the…
AngelList Posts Thoughtful Comments to Proposed SEC Form D Regulations
On August 12, 2013, the crowdfunding platform AngelList submitted some really great and thoughtful comments to the SEC with respect to the SEC’s proposed Reg. D amendments related to new Form D filing requirements and enhanced penalties for failure to…