TALK BACK: The S.E.C. Defines Venture Capital
Yesterday, the U.S. Securities and Exchange Commission made public its definition of venture capital firms for the purposes of exemption from SEC registration requirements. VCs and the NVCA hoped, with bated breath, that few if any VC firms would get sucked into the same category as private equity and hedge funds. But even exempt firms face some filing requirements and could be subject to SEC examinations under a separate SEC rulemaking. (Austin Ventures recently hired a combination compliance officer and general counsel, raising questions about the extent of such requirements. In addition...
23 June 2011•2 mins read
