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Paul Zimmerman
pzimmerman@mrllp.com
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Showing 2 posts by Ryan Hong.

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Regulation A+ deserves a ā€œDā€ for Disappointment

Ordinary investors have largely been excluded from opportunities to invest in tech startups due to federal securities laws. Under the Securities Act of 1933, issuers could sell their securities without burdensome disclosure requirements by selling exclusively to “accredited” investors: entities with over $5 million in assets or wealthy individuals with annual income exceeding $200,000 (or $300,000 combined with spousal income) or has a net worth over $1 million (excluding primary residence). If issuers wished to sell to non-accredited investors, they would need to file a registration statement with the SEC or, alternatively, distribute a lengthy financial disclosure document to investors.  As a result, startups raised equity capital generally from accredited investors. The masses were excluded. (Read more)

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Apple Pay: A Marketer's Treasure Trove?

While mobile payment systems (mobile money, mobile wallets) have been around for over a decade, the unveiling of Apple Pay late last year has some analysts projecting that as many as 2 billion of these kinds of mobile transactions will transpire by 2017. (Read more)