Three Things to Know About Pitch Clinics When Raising Capital
Wednesday, November 29, 2017
Startup Spokane recently hosted the 2nd annual Triangle Venture Expo featuring seven emerging companies from our region. The event was a great success, but some entrepreneurs questioned whether or not it was OK to tell the audience they were raising capital for their company. Startup Spokane generally cautions entrepreneurs not to announce to the audience that they are raising capital or seeking investors unless the entrepreneur has made an intentional decision to comply with the securities laws that permit general solicitation of the public. Here are three things an entrepreneur should be thinking about when preparing a presentation for a pitch clinic or demo day type of event:
- Telling the public you are raising money for your startup is generally prohibited.
- Know your exemption.
- Know your audience.