147A. That’s the new SEC rule that facilitates intrastate crowdfunding offerings. How so? Well, until now there’s been a ban on intrastate advertising for new offerings, which dates back to snake oil days. The modern interpretation of this ban meant that would-be crowdfunders have not been able to use social media posts, email, or other communication […]
325,000. That’s how many pre-orders Tesla received for its Model 3 in the first week. This implies $14 billion in future revenues. Yes, the $1000 deposits are refundable. They are also $1000 each. For reference, last year 429,000 Toyota Camry’s were sold all year in the US. The Tesla launch had no advertising, and the […]