I’ve heard it multiple times now, from angel investors and entrepreneurs alike, that the JOBS Act changed the definition of “accredited investor” in order to make it easier to be one. (Remember, Dodd-Frank made it harder.) It’s as if President Obama and the Congress had with the JOBS Act done away with the many flaming hoops that investors and companies have had to jump through for decades in order to raise capital in compliance with the securities laws. Continue reading →
All posts tagged angel investors
By Mitchell Hymowitz
Much has been said about the technical process, business plan, and legal preparation that go into building a start-up company for an angel equity offering. It’s all true, and without it no offering would be successful. But there’s more to orchestrating an offering than a business plan, IP, due diligence documents, and a reasonable term sheet. There’s a bit of stagecraft required. Smoke and mirrors? No, not at all…but there’s a dance to be done. Here are the steps:
Davis Wright Tremaine, StartupLawBlog and Greenline Legal have teamed up to make a powerful tool available to the startup community. It allows you to compare the provisions of your term sheet side-by-side to a number of widely recognized standards.
The assessment helps you:
- Quickly focus on critical issues.
- Better understand the terms in a complex deal.
- Become a more effective and persuasive negotiator.