Frequent readers of my blog know that I am active in public policy on behalf of angels. They also know that I am a nerd and about as far from a lawyer as you can get. So, they should take this post in that spirit. When angels purchase stock in a startup, they must certify to the issuer that they

As the VC market has (in general) moved upstream to later and later-stage deals, angel investors have filled the breach by not only investing at the seed stage, but also carrying deals through to exit. As a result, an increasing number of angels are joining groups (like the Alliance of Angels). As these groups reach their capital capacity in a

My first photo book, Pantanal Magic, is now available for pre-order. Cost will be $100 per book and 100% of the proceeds will go the Seattle Humane Society (www.SeattleHumane.org) and Washington State University College of Veterinary Medicine (http://www.vetmed.wsu.edu/). To see a preview of the book, go to www.rosen-photo.com and click on the Pantanal Magic Book link. Hope you enjoy.

Once again, through inadvertent action, the federal government is about to threaten Angel Investing. This all started as a way to increase investment in startups, when congress passed, and the Obama signed the JOBS Act (see: http://blog.drosenassoc.com/?p=97). Title II of the JOBS Act allows “General Solicitation and Advertising” of private placements (like Angel deals). One would think this is good

As you know, I chair the Public Policy Committee of the Angel Capital Association (http://www.angelcapitalassociation.org/). In that regard, I’ve spent a bunch of time in Washington, DC, meeting with legislators and executive branch people. I thought it would be useful to post a simplified version of the story we tell. It still surprises me, being so immersed in Angel Investing,