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A comment on What to do when an $8 million gorilla launches 3 weeks before you. Parent comment

Re:What to do when an $8 million gorilla launches 3 weeks be... by sachinag on Tuesday September 29, 2009 @01:25PM (#850830)
That sentence cannot possibly be legal, right? I mean, you can answer the question "are you raising money?" with a "yes", but that sentence strikes me as sufficiently similar to a securities offering.

(I'd love to know I was wrong - I'd put a funny line at the end of every blog post I do for Dawdle.)

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Re:What to do when an $8 million gorilla launches 3 weeks be... by jack7890 on Tuesday September 29, 2009 @03:32PM (#851123)
Securities offerings only need be regulated if they have over a certain number of investors (I believe 100). There's nothing wrong with asking people to invest in your company.
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Re:What to do when an $8 million gorilla launches 3 weeks be... by ryanwaggoner on Tuesday September 29, 2009 @07:03PM (#851538)
I think I'm going to need to see a source for that.
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