VistaGen announces plans to raise up to $20M for Parkinson’s drug, but is it legal?
It is noteworthy when a company broadcasts its intentions to raise money, in part because it is legally borderline to do so.
Here is what the SEC says, regarding private securities offerings: “You may not use any form of public solicitation or general advertising in connection with the offering.” (See our post about this here, and read the helpful comment at bottom)
Yet it happens on a regular basis. Burlingame’s VistaGen Therapeutics is just the latest. Data… Continue Reading
Pluggd “perfects” audio and video search, raises $1.65M
Declaring it has “perfected the user experience” for audio and visual search, Seattle start-up Pluggd has raised $1.65 million from Intel and angel investors to help it start distributing its technology.
If you haven’t played with Pluggd, you should. It provides that “wow” experience, giving you what you intuitively want when searching video: a way to skip forward to the exact part of the audio or video file you are looking for. We’ll be hearing more… Continue Reading