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What is general solicitation?

Asked by:
Community Member
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23
May 03, 2023
What is general solicitation?
2 answers
Accepted Answer
May 06, 2023
General solicitation in venture capital refers to publicly advertising or promoting the opportunity to invest into a fund without a substantive pre-existing relationship and the knowledge that the individual is accredited. To avoid issues, one should not: (1) publicly disclose details about the fund on the internet, (2) use social media to promote the fund, (3) solicit investments from unaccredited investors that you do not know, and (4) make misleading or unsubstantiated claims.

See this article for more help:

https://govclab.com/2023/11/22/general-solicitation/
-1
May 03, 2023
General solicitation includes: cold calling/cold emailing investors that you do not have a pre-existing relationship with to solicit investment; any advertisement, article, notice or other communication published in any newspaper, magazine, or similar media or broadcast over television and radio; and any meetings whose attendees have been invited by general solicitation.

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