This article is the second part of a series analyzing the Securities and Exchange Commission's new definition of a "venture capital fund." This article focuses on the SEC's requirement that a venture capital fund represents to investors that it is engaged in venture capital. This is important to startups in that it impacts the availability of exemptions from the federal securities laws when seeking venture capital funding.
- Summary by FizzLaw Team
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Deciphering the SEC’s New Definition of a “Venture Capital Fund”: Part 2 – The “Holding Out” Requirement