Startup Professionals Musings

AUGUST 31, 2019

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 210

IPO SEC Prospectus Startup 210

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

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.

Las Vegas 396

Las Vegas St. Louis Southern California San Diego 396

Steve Blank

NOVEMBER 7, 2023

startups might run into an alphabet soup of federal regulatory agencies, for example: ATF , CFPB , DEA , DoD , EPA , FAA , FCC , FDA , FDIC , FERC , FTC , OCC , OSHA , SEC. Their lobbyists also work through regulatory bodies like the FCC , SEC , FTC , Public Utility, Taxi, or Insurance Commissions, School Boards, etc. In the U.S.

Washington 319

Washington Government Marketing Silicon Valley 319

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

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.

Intellectual Property 247

Intellectual Property SEC Venture Capital Equity 247

Gust

JANUARY 5, 2012

But, this SEC limit has created some problems for these high-tech phenoms, both in raising additional capital and in private sales through secondary markets in which early investors resell shares to a large number of smaller US buyers. Raising $1000 each from 1000 investors would surely seem to violate current SEC regulations.

SEC 131

SEC Angel Groups Technical Review Private Equity 131

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 Back in 1990’s, I was working for one of the leading sogo shohsa (trading company) in Japan, building data communications startups. faster than Ethernet and ran data but plus voice and video.

Japan 305

Japan Customer Development Developer Customer 305

Startup Professionals Musings

JANUARY 20, 2019

The SEC and local law enforcement agencies can’t help you much with foreign scams. Unsolicited foreign investors that contact you on the Internet need extra scrutiny. If you feel confused by conflicting time zones, differing currencies, and up-front costs, it’s time to run the other way. Deposit required to hold your terms.

Technical Review 228

Technical Review Non-disclosure Agreement Due Diligence Term Sheet 228

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. Crowdfunding is the process of raising capital by offering rewards to ‘backers’ by pre-selling your product or offering equity in exchange.

SEC 146

SEC Equity United States Angel Investor 146

VC Cafe

SEPTEMBER 27, 2010

from undisclosed investors as it emerged from this SEC filing. Founded by CEO Meir (Iri) Zohar, eXalate has offices in New York and Kfar Saba, Israel. SimpliVT , a new venture in stealth has raised $9.2 The founder of SimpliTV is Doron Kempel, who founded and sold Diligent to IBM with his partner (and now angel), Moshe Yanai.

Software Review 138

Software Review Venture Capital Technical Review SEM 138

YoungUpstarts

JULY 16, 2013

July 10th, 2013 marked a monumental day for many startups across the United States – the US Securities and and Exchange Commission (SEC) announced that the ban on general solicitation has been removed for small businesses seeking startup capital , allowing for sweeping changes in the way businesses find funding.

SEC 214

SEC Securities and Exchange Commission United States Entrepreneur 214

Startup Professionals Musings

SEPTEMBER 26, 2013

The SEC and local law enforcement agencies can’t help you much with foreign scams. Unsolicited foreign investors that contact you on the Internet need extra scrutiny. If you feel confused by conflicting time zones, differing currencies, and up-front costs, it’s time to run the other way. Deposit required to hold your terms.

Technical Review 202

Technical Review Non-disclosure Agreement Due Diligence Entrepreneur 202

David Teten

JUNE 6, 2011

Social networking is governed by SEC 17a4, and SEC hasn’t opined on this. BROWN: Impersonation on social networks is a big problem. Ask the senator who was on TV. The water has already come over the damn. Consumers have 7-10meg on them. How do you use the social network as part of the relationship network?

Fractional CTO 122

Fractional CTO CTO CTO Hire Azure 122

The Startup Magazine

JANUARY 18, 2023

Lastly, many government entities, such as the Securities and Exchange Commission (SEC), can offer support. Secondly, financial regulatory bodies such as the FBI’s Internet Crime Complaint Center (IC3) in the US accept cybercrime reports and launches investigations if necessary.

Securities and Exchange Commission 158

Securities and Exchange Commission Software Review Technical Review SEC 158

TechEmpower

MARCH 4, 2014

40 threads and 256 connections Thread Stats Avg Stdev Max +/- Stdev Latency 247.05us 3.52ms 624.37ms 99.90% Req/Sec 27.89k 6.24k 50.22k 71.15% 31173283 requests in 29.99s, 3.83GB read Socket errors: connect 0, read 0, write 0, timeout 9 Requests/sec: 1039305.27 Transfer/sec: 130.83MB. Running 30s test @ [link].

SEC 514

SEC EC2 Architecture Java 514

Startup Professionals Musings

FEBRUARY 1, 2015

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 120

IPO SEC Prospectus Startup 120

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

Startup Lessons Learned

APRIL 25, 2011

Yes, you really can use continuous deployment – even in an SEC regulated environment. A few other highlights from this year’s lineup: How Groupon is using Lean Startup ideas to scale their product development team, by VP of Product Development Suneel Gupta. Wealthfront CTO Pascal-Louis Perez will show you how.

San Francisco 146

San Francisco Silicon Valley Lean Agile 146

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

Scott Edward Walker

FEBRUARY 1, 2014

Crowdfunding exception to “accredited investor” – SEC rules not promulgated yet. New JOBS Act law re advertising and solicitation – SEC rules not fully promulgated (potential problems: pre-filing of Form D, one-year penalty, filing requirement with SEC, new “reasonable steps” to confirm “accredited investor” .

Software Review 111

Software Review Delaware Accredited Investor Due Diligence 111

Scott Edward Walker

FEBRUARY 1, 2014

(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?

Software Review 111

Software Review Delaware Accredited Investor Due Diligence 111

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

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

Gust

NOVEMBER 8, 2012

Now all eyes are on the SEC as it adopts regulations to implement the new law with the hope that it won’t get tied up in red tape. In April 2012, Congress passed the JOBS Act , which authorizes equity crowdfunding and liberalizes some requirements regarding the issuance of securities by privately held companies.

Silicon Valley 187

Silicon Valley San Francisco Intellectual Property Accredited Investor 187

YoungUpstarts

NOVEMBER 3, 2023

by Peter Eberle, President & Chief Investment Officer of Castle Funds In early June, the US Securities and Exchange Commission (SEC) filed separate lawsuits against cryptocurrency companies Coinbase and Binance. The central allegation of both is that the companies were running unregistered securities exchanges.

Securities and Exchange Commission 264

Securities and Exchange Commission SEC Security 264

Startup Professionals Musings

FEBRUARY 21, 2015

despite having been passed into law in early 2012 via the JOBS Act , and still has no scheduled date for availability, waiting for the rules to be finalized by the SEC. In fact, perhaps the most important model, equity crowdfunding for non-accredited investors, is still not legal in the U.S.,

Accredited Investor 120

Accredited Investor SEC Equity Europe 120

YoungUpstarts

JULY 6, 2017

In order to become an angel investor, one must have a net worth of at least $1 million, an annual income of $200,000 and be accredited by the SEC. ANGEL INVESTOR : These are individuals who offer capital to startups in exchange for equity, partial ownership or convertible debt.

Syndication 127

Syndication Syndicate Software Review Angel Investor 127

Feld Thoughts

JUNE 20, 2011

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. My partner Jason suggested I just use the SEC website.

SEC 113

SEC RSS IPO Stock 113

YoungUpstarts

APRIL 4, 2019

Because of this, the Securities and Exchange Commission has what is known as the SEC Whistleblower Program. As an extra incentive to ensure reliable tips are received by the SEC office, an award program is in place for those whistleblowers whose information eventually leads to sanctions being placed on a company.

SEC 127

SEC Programming Securities and Exchange Commission Employee 127

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 134

SEC Pay to Play Colorado Campaign 134

David Teten

FEBRUARY 26, 2012

HBSANY members are required to be accredited investors (per SEC regulations) and are expected to agree to the terms of the HBSANY Membership Agreement. You will be able to meet privately with these companies later in the evening. This evening is exclusively for members of the HBS Angels of Greater New York.

Technical Review 128

Technical Review New York Accredited Investor IP 128

Gust

MAY 24, 2012

Although there is no unified SEC definition of “control,” in a public company context, ownership of 10% or more is often considered enough to wield some control.)

IPO 159

IPO Equity Common Stock Stock 159

Startup Professionals Musings

JANUARY 18, 2017

The SEC and local law enforcement agencies can’t help you much with foreign scams. Unsolicited foreign investors that contact you on the Internet need extra scrutiny. If you feel confused by conflicting time zones, differing currencies, and up-front costs, it’s time to run the other way. Deposit required to hold your terms.

Technical Review 120

Technical Review Non-disclosure Agreement Due Diligence Entrepreneur 120

Startup Professionals Musings

JULY 29, 2020

Every reputable investment firm is registered with FINRA and files regular reports with the SEC. Has the firm ever been disciplined by the SEC or a state regulator? Here are some common sense tips: Get financial statements and verify. Look for these and investigate thoroughly to check the truth of every statement about the company.

Due Diligence 354

Due Diligence Securities and Exchange Commission Offshore SEC 354

Growthink Blog

AUGUST 14, 2012

Equity Based Crowdfunding Sites: Once the SEC provides its rulings on how equity-based crowdfunding will work, we will see a crop of new equity-based crowdfunding sites. This is helpful because even some funds are better than none in some cases. If I were making an application, I'd definitely check out Appsplit and Appdfunder first.

SEC 113

SEC Equity Technical Review Mobile 113

Feld Thoughts

JUNE 22, 2012

The underlying requirement based on those assumptions was an available bandwidth of about 1.6mb/sec, which we would hit in 2005. I assumed an achievable amount for video compression: a compressed video signal would be 20% of the uncompressed size (a 5x reduction).

Artificial Inteligence 182

Artificial Inteligence Technical Review Bandwidth Software Review 182