Feld Thoughts

JULY 11, 2010

So, if I contribute $1,000 to the campaign of the Colorado state treasurer, I violate this SEC rule and become someone who is “paying to play.&# The NVCA has also studied the new SEC rule and has come to the same conclusion: “This ruling is consistent with guidance the NVCA has been providing members.

SEC 133

SEC Pay to Play Colorado Campaign 133

Feld Thoughts

APRIL 21, 2014

We were in the middle of fundraising for Softbank Venture Capital (which became Mobius Venture Capital.) Our underwriters (Merrill Lynch) told us not to worry that the SEC hadn’t cleared our filing yet – they always did it a few days before you went public. ” I remember a moment in time in 1997.

Stock 140

Stock Internet SEC Italy 140

Feld Thoughts

MAY 23, 2016

We have recently registered with the SEC and are now considered Registered Investment Advisors. We had to, per the SEC rules. Well, we can’t tell you that or we could possibly break some other SEC rules. According to the SEC rules, we can no longer write anything that “promotes” our funds. And the reason you ask?

SEC 71

SEC Venture Capital Community Video 71

Feld Thoughts

JANUARY 19, 2017

This was an artifact of the last 30 years of venture capital, where VCs often would use the board meeting as the way to primarily engage with the company. In addition, there is a cover MD&A (hopefully written by the CFO – not a formal SEC one, but a comprehensive management discussion and analysis).

Balance Sheet 70

Balance Sheet Metrics SEC Distribution 70

Feld Thoughts

APRIL 7, 2017

We took Interliant public in 1999 on the second attempt (the SEC didn’t clear the filing until a week after the end of the first road show, our first of many misfires with Merrill Lynch, who was our lead banker.) I’m sitting at the breakfast table at Len Fassler’s house in Harrison, New York drinking a cup of coffee and chewing on a bagel.

SEC 148

SEC New York Venture Capital Partner 148