Vicinity Views
News, education and insights on investing in public offerings through the Vicinity platform and private early-stage offerings with VentureSouth.
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Transparency Builds Trust
Transparency. Our final core belief is “transparency builds trust”. Among private equity partners, this is often encapsulated in phrases like “no surprises” or “give…
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5 Reasons To Invest In Your Community
The first time I asked my wife out was at a coffee shop on a corner street. It was a significant moment for us,…
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The Wall Street – Main Street Disconnect
The Dow Jones surged over 20% between March 23 and March 26 with the financial markets betting on the imminent (and unprecedented) stimulus package.…
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Explaining the Form C
What is it? The Form C is the required SEC filing for any company looking to raise capital through Regulation CF. It needs to…
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Leading in Trust, Underdog in Finance
“Now I am going to read you a list of institutions in American society. Please tell me how much confidence you, yourself, have in…
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On Local Stimulus and You
Main Street is reeling and the pressure on small and medium-sized businesses (“SMBs”) is not going to let up anytime soon. One study has…
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Investing Through Reg CF
Just recently, over 95% of the population gained a new way to invest in the small and mid-sized businesses that make up over half…
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Back to basics: General Solicitation: Who cares? 2. Investors
2. Informed investors. If you approach VentureSouth to ask for investment and we suspect you are generally soliciting investors, we will pass – no…
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Back to basics: General Solicitation: Who cares? 1. Regulators
Assume you are raising money, not really paying attention to posts like those in this series, and you generally solicit investors when you should…
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Back to basics: General Solicitation: What is an offer of securities?
Is publicly saying “we are raising money” the same as publicly soliciting a sale of securities? Well, if you really are not selling securities,…
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Back to basics: General Solicitation: 506(c) trade offs
As we mentioned a couple of posts back in this series, using 506(c) involves substantial trade offs. For us, it was fun to be…
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Back to basics: General Solicitation: Angellist rolling funds
As we were writing these posts, “rolling funds” became a topic of conversation on “VC Twitter”. Ignoring the “rolling” part for a second, these…
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Back to basics: General Solicitation: 506(c) offerings
506(c) offerings As you could probably guess from the last post, it is not actually that easy to qualify for a 506(b) exemption. However,…
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Back to basics: General Solicitation: Pre-existing substantive relationships
Pre-existing relationships One way to avoid general solicitation is to ensure that securities are only offered to those with whom the issuer has a…
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Back to basics: General Solicitation: Who was General Solicitation?
Who was General Solicitation? The short answer: publicly advertising that you are selling securities. The longer answer begins in 1933. That year, Congress passed…
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Back to basics: General Solicitation: A few disclaimers
If you came back after yesterday’s post, we commend your dedication! You may (understandably) not particularly care about the intricacies of the Securities Act…
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Back to basics: General Solicitation: The Perils of General Solicitation
At VentureSouth, we’ve learned a lot from Twitter. We also try hard to avoid trouble with regulators – both for ourselves and our portfolio…
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VentureSouth Establishing Fayetteville Angel Investor Group
VentureSouth, the Southeast’s largest angel investment network, is once again expanding its footprint. Fayetteville, N.C. will become the 14th community with a VentureSouth angel group, bringing…
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The negative side of being the lead investor
After reading the previous post about the advantages of being the lead investor, you may have been left wondering why so many people –…