Legal Question in Business Law in District of Columbia

Re: Business

Who could know, without knowing more?

(It is true, of course, that venture capitalists only show restraint when their own funds are on the line and much less with the assets of other folks, so they might well indeed want a piece of your action.)

Re: Business

A private placement memorandum or similar document would need to be given to prospective investors who are not accredited investors to comply with the disclosure provisions of the Securities laws. Generally speaking VC's should not want to receive a copy of a PPM, rather VC's will want to receive a business plan, be able to conduct a complete due diligence of the company for which funds are being raised, and to know that the company which is raising funds is complying with the Securities laws so that if it is involved in the investment as a VC it will know that the entire investment is not subject to the recession provisions of the '33 Act. If you need further assistance with this matter, please don't hesitate to contact The Fidelis Group, which specialized in VC financing from A to Z, and has rendered legal advice and service to various VC funds and start up and early stage companies at [email protected].