SEC votes to scrap ban on general solicitation by venture capitalists and hedge funds
Publisher: TechJournal South
Date: August 29, 2012
The Securities and Exchange Commission has voted to issue a proposed rule that scraps a longstanding ban on routine communication with the general public from hedge funds, private equity firms, and venture capitalists.
The new rule is expected to go into effect by the end of the year. The proposal will be open for public comments for the next 30 days.
While aimed at preventing harm to investors, the rule, which has been in effect since the 1930s, also often limited venture capitalists and startup entrepreneurs from talking to the press openly about their fund raising activities for fear that doing so would be considered solicitation.
In a blog on OpenMarket.org, John Berlau, the Competitive Enterprise Institute’s senior fellow for finance and access to capital, explains why the 4-1 SEC vote is a victory for entrepreneurs, small investors, financial transparency, and the First Amendment. Read more here.
Southeast Venture Conference names second round of presenting companies
Publisher: TechJournal South
Date: February 7, 2012
The Southeast Venture Conference announced the second round of companies selected to present at the upcoming conference scheduled for February 29th – March 1st at the Ritz Carlton in Tysons Corner, Virginia.
Sixty showcase companies from around the Southeast and Mid-Atlantic regions will present at SEVC 2012. Showcase companies will range from pre-IPO firms to earlier stage high growth firms. Five Florida companies that have been selected include: cVidya Networks (Plantation), ExactCost (Hallandale Beach), meet.com (Orlando), Unrabble (Ft. Lauderdale), and Vigilant Bio (Miami). Read more here.
Meet.com wants its mobile app to eliminate online dating woes
Author: Allan Maurer
Publisher: TechJournal South
Date: February 2, 2012
In the ten years Ian Jones, founder of mobile app company meet.com, marketed online dating sites from Friendfinder to Match.com, he tried most of them out – without success.
“I didn’t have one successful meeting,” Jones says.
His complaints about the online dating sites echo those of many others – he would discover that the photos the women he contacted had posted were a decade old. Or they sounded great online but didn’t come across so well in subsequent phone conversations.
So, in 2010, Jones decided to do something about that and created meet.com, a mobile app set to launch in March that already has 700,000 pre-joins acquired through affiliates and marketing. Read more here.
Southeast Venture Conference names first round of presenting companies
Publisher: TechJournal South
Date: February 1, 2012
The Southeast Venture Conference has disclosed the first round of companies selected to present at the upcoming conference scheduled for February 29th – March 1st at the Ritz Carlton in Tysons Corner, Virginia.
Sixty showcase companies from around the Southeast and Mid-Atlantic regions will present at SEVC 2012. Showcase companies will range from pre-IPO firms to earlier stage high growth firms. Read more here.
