Not necessarily. VCs' lawyers are big big sticklers for preserving their Reg D exemption from SEC registration, which is contingent upon no general solicitation.
If AH wants to be able to sell any LP interests in the next 12 months they are going to be very, very careful not to state any performance figures, particularly the trumpet-able kind.
(Exception: there do appear to be firms who are cavalier about this kind of thing, mainly seemingly new or nontraditional firms. But if you have DLA or Gunderson or Proskauer or whoever it is these days advising you, they are not going to be cool with you possibly blowing your Reg D in order to have a twitter feud with a reporter.)
Comments
Not necessarily. VCs' lawyers are big big sticklers for preserving their Reg D exemption from SEC registration, which is contingent upon no general solicitation.
If AH wants to be able to sell any LP interests in the next 12 months they are going to be very, very careful not to state any performance figures, particularly the trumpet-able kind.
(Exception: there do appear to be firms who are cavalier about this kind of thing, mainly seemingly new or nontraditional firms. But if you have DLA or Gunderson or Proskauer or whoever it is these days advising you, they are not going to be cool with you possibly blowing your Reg D in order to have a twitter feud with a reporter.)