Gust

JANUARY 31, 2013

Last month, the SEC announced it was taking action regarding Netflix’ (NFLX) securities compliance based on a Facebook status update posted by CEO Reed Hastings. To understand the SEC’s point of view , it’s necessary to review the principles underlying securities law in the United States.

SEC 158

SEC Prospectus United States Technical Review 158

Feld Thoughts

JULY 16, 2013

A number of the provisions have been slow to get written into law and the SEC has missed their deadlines on a bunch of stuff, including the often talked about equity crowdfunding activity. Recently, the SEC weighed in on a number of the things they were required to with much fanfare. So much for deregulation!” ” Seriously?

SEC 152

SEC Equity Email Security 152

Startup Professionals Musings

MAY 29, 2022

The reasons are a lot more complex than the meltdown of key investment banks in the US a few years ago, so don’t expect any real change in the numbers soon, especially with recent stock market downturns. Public companies of any size must comply immediately with the full reporting requirements of the SEC.

IPO 245

IPO SEC Prospectus Startup 245

VC Cafe

JANUARY 30, 2023

articles of incorporation, bylaws, shareholder agreements), employment contracts, patents and trademarks, contracts with providers, SEC filings, licenses Business documents – client contracts, pipeline (can be redacted: i.e SAFE note), shareholder agreements, company formation and governance documents (e.g.

Technical Review 103

Technical Review Due Diligence Cap Table Startup 103

Startup Professionals Musings

FEBRUARY 1, 2015

Yet they see warning lights flashing, based on a still fragile global economy, and volatile markets ahead. The reasons are a lot more complex than the meltdown of key investment banks in the US a few years ago, so don’t expect a big change in the numbers soon, even with recent stock market rallies.

IPO 120

IPO SEC Prospectus Startup 120

Steve Blank

OCTOBER 9, 2018

This allows them to quickly find product/market fit. Except when they’re in a regulated market. But regulated markets are different. startups might run into an alphabet soup of federal regulatory agencies, for example; ATF , CFPB , DEA , EPA , FAA , FCC , FDA , FDIC , FERC , FTC , OCC , OSHA , SEC. Regulation. In the U.S.

Marketing 321

Marketing Startup Government SEC 321

Feld Thoughts

JUNE 20, 2011

I don’t pay much attention to public markets. However, I don’t really care about the daily stock prices – instead, I’m focused on the actual SEC filings. I used to subscribe to several services for SEC filings (remember EDGAR Online and 10KWizard ) but let them lapse a while ago.

SEC 112

SEC RSS IPO Stock 112

Both Sides of the Table

DECEMBER 16, 2014

We’ve been dying to tell you all for a while that we had raised a new venture capital fund and of course given SEC filing requirements the story was somewhat already scooped by the always-in-the-know Dan Primack a few weeks ago. We raised $280 million. But on a relative basis we feel blessed.

Las Vegas 396

Las Vegas St. Louis Southern California San Diego 396

YoungUpstarts

AUGUST 21, 2020

In June of 2019, the SEC adopted Regulation Best Interest (or Reg BI), which went into effect as of June 30, 2020. It’s always important for financial professionals to stay educated on current regulations, but there are times when special attention is necessary, like when a new regulation goes into effect.

Technical Review 244

Technical Review SEC Affiliate Technology 244

The Next Web

JANUARY 27, 2013

While the latter is not yet legal in the United States, the JOBS Act, which was signed into law in April 2012, mandates that the SEC makes it legal by January 1st of 2013. They market it on their social networks, to their friends and family, and through press outreach. You get more exposure through the process.

SEC 146

SEC Equity United States Technical Review 146

Startup Professionals Musings

SEPTEMBER 23, 2013

The newest equity model was passed into law in early 2012 via the JOBS Act , and still has no scheduled date for availability in the USA, waiting for the rules to be defined by the SEC: Startup equity crowd funding. This is not a get-rich-quick vehicle for consumers. Good-cause crowd funding.

Intellectual Property 247

Intellectual Property SEC Venture Capital Equity 247

Startup Professionals Musings

AUGUST 21, 2021

That requires work and risk to comply with reporting requirements of the SEC, including the additional accounting and reporting processes. Of course, customer relationships, and penetration into new market segments are also critical elements. Isolate marketing from sales for maximum customer focus.

Merger 379

Merger Due Diligence SEC IPO 379

Austin Startup

JUNE 21, 2018

Transaction costs, while not always monetary, affect our willingness to buy, sell, and engage in a market. The second rule of crypto start ups is due to a government body that was created as an indirect result of Ronald Coase and his pioneering work on transaction costs: the Securities and Exchange Commission (SEC).

Securities and Exchange Commission 61

Securities and Exchange Commission SEC Pre-Money Valuation Security 61

thebarefootvc

MAY 13, 2019

From my view, it also delineates regulatory authority between FinCEN and the SEC in the US. While the SEC has not provided guidance on “utility tokens” my read is that they are captured in the FinCEN document. Having just read through the entire document, I think it is significant in the clarity it provides.

SEC 40

SEC Taiwan Application Development Community 40

Growthink Blog

APRIL 21, 2013

However, before entrepreneurs could start using equity-based crowdfunding, the SEC had to write the specific rules governing it. The SEC was given 9 months to write those rules; they were due on December 31, 2012. However, the SEC failed to meet that deadline. The good news is that any day, they will.

Accredited Investor 95

Accredited Investor SEC San Francisco Equity 95

crowdSPRING Blog

DECEMBER 29, 2010

These posts and videos are about logo design , web design , startups, entrepreneurship, small business, leadership, social media, marketing, and more! Lean Marketing Strategies for Small Businesses and Startups – [link]. Back off SEC: Let’s Put the “Risk&# of Secondary Markets in Perspective – [link].

Social Media 93

Social Media Small Business Design Media 93

David Teten

DECEMBER 8, 2010

Expert networks have been in the news a lot for the past few weeks, due to the SEC’s attempt to look for insider trading amongst hedge funds, following on their Galleon investigation (Raj Rajaratnam of Galleon is in the photo shown). The best source of information on this topic is as usual the Integrity Research blog.

Networking 122

Networking Private Equity SEC Software Review 122

crowdSPRING Blog

APRIL 5, 2013

These posts and videos are about logo design , web design , startups, entrepreneurship, small business, leadership, social media, marketing, and more! Small Business Marketing Tip: Send Email Campaigns At Night To Increase Revenue | crowdSPRING Blog – [link]. Here are some of the links that I’ve liked and shared this past week!

Social Media 92

Social Media Small Business Design Media 92

Up and Running

NOVEMBER 12, 2014

Additionally, a fundraising business offering and selling securities must comply with the regulations of the SEC, the federal government’s securities watchdog. The SEC’s proposed equity crowdfunding rules regulate, in part: Your business (the securities issuer). Certain SEC disciplinary, and cease-and-desist orders.

Equity 125

Equity SEC Technical Review Security 125

Business Plan Blog

OCTOBER 25, 2013

SEC Crowdfunding Proposal. In September of this year, the SEC voted to overturn the ban on “general solicitation” that made it illegal for companies to publicly advertise that they are raising capital.

SEC 76

SEC Accredited Investor .Net Framework 76

Steve Blank

NOVEMBER 13, 2012

After helping build the first Ethernet switch startup, I was attracted by Asynchronous Transfer Mode 25Mbit/sec technology, (ATM25) which was 2.5x Leveraging my marketing skills, I successfully made what Steve calls an “onslaught launch”, generating a lot of press coverage and apparent early success. Customer Development Education.

Japan 292

Japan Customer Development Developer Customer 292

Startup Professionals Musings

DECEMBER 9, 2019

To refresh your memory, angel investors are typically high net worth individuals, accredited by the SEC and willing to invest their own money in a high-potential startup for a share of the ownership. They don’t get excited by early stage research, development, or marketing hype. Crowdfunding is not the best platform here.

Non-disclosure Agreement 299

Non-disclosure Agreement Angel Investor Bootstrapping SEC 299

K9 Ventures

JULY 12, 2018

Private companies, which have a closed shareholder base, and typically no active market for the stock, or, public companies, where they have a open shareholder base and an active market for the stock of the company. Of course public markets come with a fair amount of regulation as well. Today we have only two types of companies.

IPO 119

IPO Marketing Accredited Investor SEC 119

Ben's Blog

JANUARY 26, 2021

In today’s episode of 16 Minutes, where we take a look at the news and what it means for the long arc of innovation, we’ve got segments on artificial intelligence and public-markets innovation. Previously direct listings were limited to the sale of existing shares.

Artificial Inteligence 36

Artificial Inteligence SEC Issued Shares IPO 36

Haystack

DECEMBER 29, 2018

Hundreds of new micro funds somehow keep getting into the market. If every sector is to be transformed by technology, and if private markets keep growing, it makes today’s conditions understandable. More and more angels will be minted as the 2019 IPO class emerges. 5/ Early Effects Of The Softbank Effect.

Technical Review 165

Technical Review Venture Capital Russia China 165

Startup Lessons Learned

JULY 28, 2010

In the early fall of 2009, as kaChing prepared for its marketplace launch, the management team showed the app—which included real time market data, SEC-grade accounting, analytics, compliance and customer management tools—to a number of investment pros to get feedback and endorsements. Thus far the results are encouraging.

San Francisco 158

San Francisco Lean Continuous Deployment SEC 158

Both Sides of the Table

NOVEMBER 9, 2014

We all know that funding markets have changed for startups. Here’s what they did: They blasted the market with emails describing how they “co-lead” this deal with us (they did not) and how they are planning to lead the next round with a $10 million+ check (which apparently they don’t have).

SEC 352

SEC Venture Capital Early Stage Cofounder 352

Startup Professionals Musings

SEPTEMBER 11, 2013

Startups are typically run by a couple of executives who are reluctant to disclose via the prospectus and SEC reports all the decision-making criteria, operational financial details, and compensation formulas. Public companies of any size must comply immediately with the full reporting requirements of the SEC.

IPO 242

IPO SEC Prospectus Startup 242

Austin Startup

JANUARY 25, 2020

I had done door to door marketing, neighborhood window replacement appointment setting, street sign-ups, etc. But before we got back to work, we had to hire a lawyer to help out with both the SAFE docs and to file our FORM D with the SEC so we can register our raise. The lawyer’s rate was crazy?—?$575 575 per hour?—?and

Delaware 62

Delaware SEC New York City New York 62

Pascal's View

MARCH 18, 2010

Susan Mangiero , CEO of Investment Governance’s Fiduciary X , asked me the following: Question: Do you think than anemic IPO market will remain a deterrent to VC investing? equity markets. equity markets. For more on the SEC Concept Release, click HERE. Yes I do. I believe that the U.S.

IPO 28

IPO Government SEC Venture Capital 28

Up and Running

AUGUST 28, 2019

Stick to the basic requirements and save your unique flourishes for your mission statement and marketing materials. Some corporations also need to register with the SEC , so be sure to research whether that is required for your company. Again, resist any temptation to over-complicate or embellish your bylaws.

Delaware 83

Delaware Stock Nevada Technical Review 83

YoungUpstarts

MARCH 14, 2018

Before hiring an adviser, consider checking registration with applicable governmental agencies (SEC, CFTC, state securities board). Some may even be fraudsters. Similarly, the CFTC has opined that cryptocurrencies are commodities. Searching the adviser on BrokerCheck. Google the adviser.

SEC 127

SEC Non-Compete Security Framework 127

thebarefootvc

JULY 22, 2018

While the conversation was under Chatham House Rules and I can’t discuss her specific comments in this newsletter, she is very open to collaboration with the crypto community, while being clear that the SEC continues to actively investigate token offerings for potential violations of current securities laws.

Accredited Investor 40

Accredited Investor Marketing SEC Equity 40

Feld Thoughts

APRIL 21, 2014

In the last two weeks there’s been a flurry of articles about the implications of a 25% decline in the public market value of a bunch of Internet stocks. A few months later the public markets for Internet stocks turned around and we closed a $330 million fund which ended up doing extremely well.

Stock 140

Stock Internet SEC Italy 140

Kodorra

JANUARY 4, 2019

When it comes to fundraising the blockchain way, you might get lost with ever-changing technology advancement coupled with roller-coaster market sentiment rides. Securities and Exchange Commission (SEC) requires a lock-up period in their Regulation S where investors are unable to cash out their investment for up to one year.

Securities and Exchange Commission 40

Securities and Exchange Commission Technical Review Lock-up Period Accredited Investor 40

BeyondVC

JANUARY 6, 2018

We built out our CXO advisory board and further cemented our Fortune 500 relationships to help our portfolio cos scale from “founder-market” fit to product market fit in an accelerated timeframe ( meet our advisors ). AWS has dominant market share but multi-cloud becomes a must-have for most Fortune 1000 organizations.

Cloud 60

Cloud Cofounder Portfolio Advisory Board 60

Gust

NOVEMBER 15, 2012

Parts of the answer are that (a) there are enormous regulatory requirements relating to secondary markets, and (b) there are no analysts tracking private company stocks.

Seed Stage 131

Seed Stage Hockey Stick Cap Table Liquidation Preference 131