I should have said "general solicitation" meaning "general audience". People who don't know what they're getting themselves into.
If you set up an event like "demo day" at Y-Combinator where investors and founders meet and discuss equity and terms that's perfectly legal. That's NOT general solicitation. Everyone there knows what they're getting themselves into. No one can be "tricked" into investing like the general public can.
ChrisNorstrom|12 years ago
If you set up an event like "demo day" at Y-Combinator where investors and founders meet and discuss equity and terms that's perfectly legal. That's NOT general solicitation. Everyone there knows what they're getting themselves into. No one can be "tricked" into investing like the general public can.