Washington, D.C.-based CoFoundersLab, which organizes Meetups in Baltimore and around the country for potential startup cofounders to meet each other, claims to be the first startup to publicly solicit investment dollars when a set of new rules went into effect on Sept. 23.
According to a blog post, CoFoundersLab is using Rock the Post and AngelList to publicly solicit funds from accredited investors: people with “net worth of at least $1 million, excluding their primary residence, or annual income of more than $200,000 in each of the previous two years.”
In July the U.S. Securities and Exchange commission lifted an 80-year-old rule preventing a variety of groups, startups among them, from advertising that they’re raising capital. The rule was included in the Jumpstart Our Business Startups Act, approved by Congress in April.
CoFoundersLab was the winner of the inaugural Pitch Across Maryland competition, which concluded at the Maryland Entrepreneur Expo in November 2012.
Before you go...
Please consider supporting Technical.ly to keep our independent journalism strong. Unlike most business-focused media outlets, we don’t have a paywall. Instead, we count on your personal and organizational support.
3 ways to support our work:- Contribute to the Journalism Fund. Charitable giving ensures our information remains free and accessible for residents to discover workforce programs and entrepreneurship pathways. This includes philanthropic grants and individual tax-deductible donations from readers like you.
- Use our Preferred Partners. Our directory of vetted providers offers high-quality recommendations for services our readers need, and each referral supports our journalism.
- Use our services. If you need entrepreneurs and tech leaders to buy your services, are seeking technologists to hire or want more professionals to know about your ecosystem, Technical.ly has the biggest and most engaged audience in the mid-Atlantic. We help companies tell their stories and answer big questions to meet and serve our community.
Join our growing Slack community
Join 5,000 tech professionals and entrepreneurs in our community Slack today!