New SEC Regulations democratize access to information about investment opportunities in private companies
New York, N.Y. – Sept. 23, 2013 – Poliwogg announced today that it has launched its online marketplace to give accredited investors* access to emerging growth healthcare and life sciences companies. According to CEO Greg Simon, “Investors reviewing the companies we are presenting on Poliwogg will agree with us that The Best Is Yet to Fund. We let investors put their money where their passions are in a way that has never been possible before.”
Poliwogg’s investment model is made possible by the Jumpstart Our Business Startups Act, or JOBS Act, which was signed into law in April of 2012. The law and new SEC regulations that take effect today permit the use of general solicitation, meaning that Poliwogg may now advertise that it is seeking financing for its portfolio of private companies.
“This is a pivotal and historical moment for accredited investors and for emerging growth companies. Prior to the JOBS Act rule change, opportunities to invest in private companies were known only to a very small number of elite investors. Now, Poliwogg puts the power in the hands of millions of new accredited investors who can easily find information about emerging growth companies and invest in them,” added Simon. “With approximately 8 million Americans qualifying as accredited investors – and the majority of those never having invested in a private placement – we expect to see significant interest and growth in early stage investing.”
To learn more about Poliwogg’s online marketplace and to view offerings there, visit www.poliwogg.com and complete a simple registration process.
About Poliwogg
Based in New York, Poliwogg facilitates capital formation through the use of an online interactive investment platform. The company offers an online marketplace that matches young companies with sophisticated investors, allowing them to have meaningful participation in early and mid-stage financing of new enterprises, particularly in healthcare and the life sciences. For more information, visit www.poliwogg.com. Follow Poliwogg on Twitter @poliwoggpond, and on LinkedIn.
Private investment marketing and other broker-dealer services are currently offered through a partnership with SDDCO Brokerage Advisors, LLC, Member FINRA/SIPC (“SDDCO-BA”). All such services offered by Poliwogg-associated persons are done so in their capacities as registered representatives of SDDCO-BA. Poliwogg and its affiliates are independent and unaffiliated with SDDCO-BA.
Media Contact:
Patty Buchanan
Fastlane for Poliwogg
(973) 670-1203
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Poliwogg Contact:
Jeffrey Feldman, Founder and Chief Strategist
Poliwogg
(212) 370-0535
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www.poliwogg.com
* Under the Securities Act of 1933, an “accredited investor” is defined in Rule 501 of Regulation D as:
- a bank, insurance company, registered investment company, business development company, or small business investment company;
- an employee benefit plan, within the meaning of the Employee Retirement Income Security Act, if a bank, insurance company, or registered investment adviser makes the investment decisions, or if the plan has total assets in excess of $5 million;
- a charitable organization, corporation, or partnership with assets exceeding $5 million;
- a director, executive officer, or general partner of the company selling the securities;
- a business in which all the equity owners are accredited investors;
- a natural person who has individual net worth, or joint net worth with the person’s spouse, that exceeds $1 million at the time of the purchase, excluding the value of the primary residence of such person;
- a natural person with income exceeding $200,000 in each of the two most recent years or joint income with a spouse exceeding $300,000 for those years and a reasonable expectation of the same income level in the current year; or
- a trust with assets in excess of $5 million, not formed to acquire the securities offered, whose purchases a sophisticated person makes.
