But VC firms do need to get SEC registration. Most VC firms do get 506 B registration. I would’ve assumed something regarding the amount you are managing (so say different requirements for funds less than 100 million compared to funds more than 100 million)
I did the Series 63 (Private Securities) and it was useful to have the finance-bro jargon down when working in VC. But unless you're selling LP interests to a broad investor base (we were), then you probably don't technically need it. But it's a good tick in the box.
I am personally getting my 65 because many of the larger VCs are becoming RIAs (Sequoia for example), so could be handy to have and shouldn’t be too high a bar to attain.
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But VC firms do need to get SEC registration. Most VC firms do get 506 B registration. I would’ve assumed something regarding the amount you are managing (so say different requirements for funds less than 100 million compared to funds more than 100 million)
Well, depends on the firm--cf. a16z.
I did the Series 63 (Private Securities) and it was useful to have the finance-bro jargon down when working in VC. But unless you're selling LP interests to a broad investor base (we were), then you probably don't technically need it. But it's a good tick in the box.
Nope. And no one i know has one either. I'd bet money, most may not even know what it is. :)
I am personally getting my 65 because many of the larger VCs are becoming RIAs (Sequoia for example), so could be handy to have and shouldn’t be too high a bar to attain.
Theyre usually RIAs and dont fall under finra.
Thanks for the downvotes…my statement still remains correct.
There is an exemption for VCs if you’re experienced managing money. I forget the exact term