Accredited InvestorThursday, May 07, 2020 By: Emily Angold, ACA Marketing Manager We can’t wait to welcome Martha Miller, Office of the Advocate for Small Business Capital Formation, U.S. Securities and Exchange Commission, to ACA 2020 – The Summit of Angel Investing! Martha will join ACA for an exclusive fireside chat to discuss updates, trends, and perspectives about how COVID-19 is impacting raising capital, crowdfunding, and strategies to bridge networks. Tags: Angel investing Monday, March 16, 2020 By: Pat Gouhin, Chief Executive Officer In late 2019, the Securities and Exchange Commission proposed amendments to the existing “Accredited Investor” definition to increase access to investment opportunities. The additions include new categories to the definition that would allow for someone to qualify as an accredited investor based on professional certifications and designations, or other credentials issued by an accredited education institution. The SEC is not proposing changing the thresholds for an accredited investor and those are expected to stay as is. A 60-day public comment period was provided in which the Angel Capital Association submitted a response letter for further clarification and expansion of sections of the proposed updates. Tags: Monday, March 09, 2020 By: Pat Gouhin, Chief Executive Officer The Angel Capital Association along with the Association of University Research Parks, International Business Innovation Association, SSTI, University Economic Development Association, Association of Public & Land-grant Universities, Center for American Entrepreneurship, National Venture Capital Association and Technology Councils of North America recently pledged their support for the Regional Innovation Program (RIS; now Build-to-Scale) within the Department of Commerce. The RI Program encourages and supports the development of regional innovation strategies by funding flexible awards with a 1:1 match. This program received funding of $33 million in Fiscal Year 2020. Monday, July 22, 2019 By: Pat Gouhin, Chief Executive Officer I just returned from another trip to Washington, DC where I teamed up with our tax coalition partners; National Venture Capital Association (NVCA) , Biotechnology Innovation Organization (BIO) and Advanced Medical Technology Association (AdvaMed). We conducted a series of congressional visits with key representatives from the tax writing Senate Committee on Finance and House Committee on Ways and Means. We also met with the Assistant to the President for Financial Policy on the National Economic Council. This coalition, started by ACA over four years ago by Public Policy Chairman David Verrill, brings a consistent voice to US tax policy that impacts investors and entrepreneurs. It is managed by ACA’s consultants at GrayRobinson. Thursday, February 04, 2016 By: William Carleton, Counselor @ Law, and volunteer chair of ACA Public Policy Advisory Council Yes, there's Title III under the JOBS Act, promising equity crowdfunding (think Kickstarter or IndieGoGo, just not restricted to awards or products, but instead offering ownership in the company); yes, there's Reg A+, also bequeathed by the JOBS Act; and there are a plethora, now, of state crowdfunding laws that lower the bar to who may invest in private companies. Friday, June 20, 2014 By: Marianne Hudson, ACA Executive Director Last week, Scott Shane wrote a column in Entrepreneur.com, Would a Higher Accredited Investor Threshold Clip Angels’ Wings? While the answer to that question to me is obviously “yes”, Scott concluded “data on the angel capital market’s response to the 2010 increase in the (accredited investor) threshold doesn’t support that view.” I’ve read his column and traded an email or two with him since, and I have to say, Pardon Me? Tags: Protect Angel Funding Tuesday, September 03, 2013
ACA today provided guidance on the significance of angel group membership in connection with new standards for accredited investor verification. Under Securities and Exchange Commission (SEC) Rule 506(c), which becomes effective September 23, 2013, startups and emerging companies that generally solicit for investors will have heightened duties to verify that all
purchasers are accredited.*
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