article thumbnail

WiseCrest LLC on The Benefits of Startup Investing

The Startup Magazine

Before former President Barak Obama created the JOBS Act after the Great Recession, the likelihood of the average person becoming an investor was low. According to an article on the Motley Fool , only a person with a net worth of $1,000,000 or more could become an accredited investor. Investing in a Worthy Cause.

LLC 86
article thumbnail

After Raising $6.7M For Startups And Winning SEC Approval, AngelList Opens Up Investment Platform To More Companies

techcrunch.com

In December, AngelList , a service that matches early-stage startups with investors, debuted the ability to allow accredited investors to actually invest in startups on the platform with as little as $1,000. And today, AngelList is opening the platform up to all startups with top-tier investors. → Learn More.

SEC 61
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

The 5 Biggest Legal Mistakes That Startups Make

Scott Edward Walker

not an LLC or a partnership; the world of startups is the world of corporations. Rule #1 : only sell “securities” to “accredited investors” – why? (i) Crowdfunding exception to “accredited investor” – SEC rules not promulgated yet. Mistake #5: Not Doing Your Due Diligence on Potential Investors.

article thumbnail

The 5 Biggest Legal Mistakes That Startups Make

Scott Edward Walker

i) Rule 506 preempts State law, which means all you have to do is file a Form D and pay a filing fee; and (ii) no disclosure requirement/PPM Possible to sell to “friends and family” (e.g., issues to address include: How have they treated their other portfolio companies? (i)

article thumbnail

Legal Checklist for Startups

Scott Edward Walker

Form a corporation — not an LLC (see post here ) or a partnership (see post here ). Only raise funds from “accredited investors” (see post here ) and don’t pay anyone a commission for raising funds for you unless they are a registered broker-dealer (see post here ).

article thumbnail

Do we really need this help? - Startups and angels: Along the way to.

Tim Keane

By Tim Keane, Angel Investor, Golden Angels Investors, LLC. " Entrepreneurs looking for investors know about "accredited investor" status and the myriad benefits it provides.    The premise is that having sufficient net worth makes the investor more sophisticated. 

article thumbnail

What Is the “Walker Startup Package”?

Scott Edward Walker

Form a corporation — not an LLC (see post here ) or a partnership (see post here ). Only raise funds from “accredited investors” (see post here ) and don’t pay anyone a commission for raising funds for you unless they are a registered broker-dealer (see post here ). Cheers, Scott. Legal Checklist for Startups.