Is it legal to solicit investors for a startup since the JOBS Act has passed?
Posted by David S. Rose on September 20th, 2012
Yes and No.
The JOBS Act has several pieces, two of which are relevant here. The fascinating thing is that they allow for diametrically opposite activities! The key questions are:
Who can you MARKET to? Who can you SELL to?
Under the Crowdfunding provisions of the JOBS Act, a startup company will, for the first time, be able to sell
