Startup Funding Boost: New Rules for Angel Investor Outreach
This act aims to make it easier for young companies to raise capital from angel investors. It modifies rules on public solicitation for investments, allowing presentations at specific events. This enables startups to more easily connect with potential investors, potentially accelerating their growth and job creation.
Key points
Companies can now present investment offers at events sponsored by public institutions, universities, non-profits, or angel investor groups, without violating general solicitation prohibitions.
Event sponsors cannot provide investment advice or charge for introductions, and must disclose investment risks to attendees.
The changes are intended to increase startups' access to capital, potentially fostering innovation and economic development.
Introduced
Additional Information
Print number: 119_S_3342
Sponsor: Sen. Ricketts, Pete [R-NE]