Posted by Anonymous on 2008-07-08
We are contemplating a Reg A offering. We closed a prior venture-backed round (one firm) about 2 years ago and our VC is not in a position to invest going forward. Interest from other VC had been good but has chilled given our existing VC's decision. As we have a plan to get them off the cap table, we are now exploring all options.
We like the concept of being able to solicit for investors under Reg A and the public company aspects are not that troubling for us (founder controls company).
We may end up doing a Reg D offering, but we cannot seem to locate a placement agent. Plus, we are not that kean on giving a small inverstor group control or blocking rights ... in light of where we have been.
Any ideas or thoughts" Reg A deals seem to be near extinction.