Definition
Reg A+
A securities exemption allowing non-accredited investors to buy into a private company. SpotitEarly has one open at $7.15 per share.
From the episode “15 Beagles, 4 Cancers, 94% Accuracy: My Favorite AI Workflow in Health Tech”How founders on the podcast use it
An SEC exemption letting a company raise up to $75M from accredited and non-accredited investors in a 12-month period. Requires audited financials and ongoing reporting. Preempts state blue sky review.
The Consent EconomyHear it on the podcast2 episodes
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Related terms in Startups & Fundraising
Priced roundAn equity financing with a set valuation, papered on standard NVCA model documents.Problem-Solution FitThe state in which a clearly defined customer problem is matched to a proposed solution that customers recognize as addressing their real need — established through customer conversations before building. Distinct from product-market fit, which requires a working product in a paying market.Profit shareAn alternative to invoicing: build the MVP without a bill, then formalize revenue sharing if it works with real users.Proprietary Data MoatA defensibility strategy where a startup's unique dataset produces LLM outputs that public models cannot replicate, because public models regress to the mean of their training inputs.Reg CF (Regulation Crowdfunding)Caps at $5M in any 12-month period. Must run through a registered funding portal or broker-dealer. Mode's first raise.Restricted stock vs optionsRestricted stock means the person owns the shares now. Options are the right to buy later at today's price.Revenue per employeeTotal revenue divided by headcount. The metric at the center of her investor comparison.Roll-upPrivate equity strategy of acquiring and consolidating many firms in one industry, currently happening across consulting.