Comments on: Open-Sourcing the Start-up: Unaccredited Investors http://blog.edufire.com/2007/12/03/open-sourcing-the-start-up-unaccredited-investors/ The Revolution Will be Blogged Tue, 06 Jan 2009 01:51:49 +0000 http://wordpress.org/?v=2.7 hourly 1 By: Mike http://blog.edufire.com/2007/12/03/open-sourcing-the-start-up-unaccredited-investors/comment-page-1/#comment-2272 Mike Fri, 21 Dec 2007 10:00:56 +0000 http://edurev.com/blog/2007/12/03/open-sourcing-the-start-up-unaccredited-investors/#comment-2272 See this: http://www.sec.gov/info/smallbus/qasbsec.htm It can likely answer the questions. I too had similar and had to consult with counsel and do a lot of "homework" so hopefully this link helps. Mike See this: http://www.sec.gov/info/smallbus/qasbsec.htm

It can likely answer the questions. I too had similar and had to consult with counsel and do a lot of “homework” so hopefully this link helps.

Mike

]]> By: jon http://blog.edufire.com/2007/12/03/open-sourcing-the-start-up-unaccredited-investors/comment-page-1/#comment-1985 jon Wed, 12 Dec 2007 00:45:30 +0000 http://edurev.com/blog/2007/12/03/open-sourcing-the-start-up-unaccredited-investors/#comment-1985 Good points Jonah. This is definitely a topic where good legal rep helps a lot. Unfortunately most start-ups don't get that at this stage... Good points Jonah. This is definitely a topic where good legal rep helps a lot. Unfortunately most start-ups don’t get that at this stage…

]]> By: Jonah Keegan http://blog.edufire.com/2007/12/03/open-sourcing-the-start-up-unaccredited-investors/comment-page-1/#comment-1919 Jonah Keegan Fri, 07 Dec 2007 02:56:38 +0000 http://edurev.com/blog/2007/12/03/open-sourcing-the-start-up-unaccredited-investors/#comment-1919 It could also be a problem if you try to raise over $X dollars and you have unaccredited investors in your party. At a minimum, there are some onerous reporting issues from that point on. At least that is a potential issue in NY state. As you say, your mileage may vary... It could also be a problem if you try to raise over $X dollars and you have unaccredited investors in your party. At a minimum, there are some onerous reporting issues from that point on. At least that is a potential issue in NY state. As you say, your mileage may vary…

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