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August 18, 2013 12:16 am GMT
Startups could face a "death sentence" one year ban from fundraising if they violate awkward new general solicitation fundraising rules, AngelList co-founder Naval Ravikant wrote in a letter to the SEC this week. Ravikant says the Regulation D and Form D changes that go into effect soon are designed for Wall Street, not Silicon Valley, and must change or they'll harm rather than help startups.
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/Neh8yb8_Q-U/
AngelList Tells SEC New Fundraising Rules Will Kill Startups
Startups could face a "death sentence" one year ban from fundraising if they violate awkward new general solicitation fundraising rules, AngelList co-founder Naval Ravikant wrote in a letter to the SEC this week. Ravikant says the Regulation D and Form D changes that go into effect soon are designed for Wall Street, not Silicon Valley, and must change or they'll harm rather than help startups.Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/Neh8yb8_Q-U/
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