Are these syndicates only now possible because of the crowdfunding provisions in last year's JOBS act, or is it just that nobody thought of doing things this way before?
Naval probably hatched this plan when VC's screwed him in Epinions. Brilliant payback.
In the USA one still can't crowdfund (from non-accredited investors) yet, but in a couple of months one will be able to share with the general public that they're fundraising.
These raises are possible because of Rule 504, 505, & 506 of the SEC.
In the USA one still can't crowdfund (from non-accredited investors) yet, but in a couple of months one will be able to share with the general public that they're fundraising.
These raises are possible because of Rule 504, 505, & 506 of the SEC.
Seed offerings: http://www.sec.gov/answers/rule504.htm Series A: http://www.sec.gov/answers/rule505.htm Series B & later: http://www.sec.gov/answers/rule505.htm