RegA+ allows investors anywhere in the world to invest on RegA+ platforms (such as midsize business-focused Manhattan Street Capital) or more start-up-focused platforms such as Digital Offering, SeedInvest, and StartEngine. Investors can also directly fund individual companies without the aid of a platform. In either case, they can invest up to 10 percent of their annual income or net worth per transaction. Investors self-verify under RegA+ so the platforms don't have to go through the trouble of doing exhaustive background checks.
Turner likens the passing of RegA+ and Title III to when the 1979 regulatory revisions to the Prudent Man Rule let pension funds invest in VC firms for the first time, a key factor in the VC boom of the 1980s. VC investments totaled $48.3 billion in 2014 according to the National Venture Capital Association (NVCA). The angel investor market in 2014 was valued at $24.1 billon according to the Center for Venture Research (CVR). Turner projects RegA+ funding will become a $50 billion a year market in raising business growth capital.
Rod Turner
Rod Turner is the founder and CEO of Manhattan Street Capital, the #1 Growth Capital service for mature startups and mid-sized companies to raise capital using Regulation A+. Turner has played a key role in building successful companies including Symantec/Norton (SYMC), Ashton Tate, MicroPort, Knowledge Adventure, and more. He is an experienced investor who has built a Venture Capital business (Irvine Ventures) and has made angel and mezzanine investments in companies such as Bloom, Amyris (AMRS), Ask Jeeves, and eASIC.
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