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With general solicitation now allowed, startups may be able to raise money more quickly and from a wider range of investors than before.
With general solicitation now putting opportunities in front of untapped accredited investors and the ones who are already engaged, the angel and individual investor capital base is certain to grow.
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While general solicitation is now a powerful new tool in the fundraisers arsenal, there are important restrictions and securities requirements to follow.
"Craigslist has become the high-tech 42nd Street, where much of the solicitation takes place now," said Richard McGuire, Nassau's assistant chief of detectives.
In other words, thanks to the SEC lifting the 80-year ban on "general solicitation," startups can now publicly advertise the fact that they're raising money, and broadcast their efforts to accredited investors.
A fundraising solicitation warned, "Right Now Nixon Is Losing.
solicitations, Mr. Spitzer, now a candidate for New York City comptroller, expressed concern.
To combat [fake reviews], we've put on our detective hats, tracked down these rogue solicitations and are now giving you a heads up.
Williams spoke about Strawberry's uncertain future, a future that was already clouded by a recurrence of his cancer and a one-year suspension from baseball starting in April for drug and solicitation charges and will now include two years of house arrest.
I expect many entrepreneurs will play it safe and sit out general solicitation, at least for now, and let someone else take the first SEC enforcement bullet.
Nestled cozily in my inbox between an email from a grumpy opposing attorney and a bar association solicitation, there it was: "NOW CASTING DIVORCED COUPLES FOR NEW NBC SERIES". Of course, I clicked.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com