The PPM Attorney – Private Placement Memorandum- Custom Crafted!
Do I need a ppm with new JOBS Act?

Do I still need a Private Placement Memorandum (PPM) under the JOBS Act?

In this video post, I wanted to address another question that I get asked quite often in regards to the JOBS Act.

There is so much information and press out there along with a lot of misinformation about the JOBS Act. So in my video below, I will give a brief overview of the differences between Title II (regulation 506c) and Title III (Regulation CF) of the JOBS Act based upon his first-hand experience in helping my clients that are raising capital. I will also address the question if you need a private placement memorandum (PPM) if you are raising capital through a crowdfunding portal and the variances of raising money from accredited investors and non-accredited investors.

https://youtu.be/go5y2trNiNE

About the Author Darin Mangum, Esq

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3 comments
James Donovan says January 21, 2020

This is a helpful video. I am an officer of a company that has decided to take the self-fund route, and this is relevant information

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    Darin Mangum, Esq says January 22, 2020

    Thank you James. If I can be of service please feel free to reach out.

    Reply
James Donovan says January 21, 2020

506cf is just another way for broker dealers to make money on commissions and non-accountable costs, which approaches almost 15% in some cases. Plus, most brokerages mandate a one year investment banking agreement, and right of first refusal to do the initial raise. These folks are not as bad as the vulture funds that approached our start up with capital in return for almost a 40% stake in the company.

If you have a working product, stay away from the banks and vulture funds. Get a good securities attorney and take the Slack approach to your next capital raise.

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