YC: you probably want to run this by your legal counsel. By posting your open ended 506b filling for a proposed growth equity fund on Hacker News (which you own), you are engaging in general solicitation and advertising, which requires a 506c filling. You don't want to end up like Goldman Sachs when they tried to offer the Facebook pre-IPO fund to their private wealth clients. The SEC shut them down.
>"By posting your open ended 506b filling for a proposed growth equity fund on Hacker News (which you own), you are engaging in general solicitation and advertising, which requires a 506c filling."
This is a link to a limited notice filing, required by SEC rules promulgated under the Securities Act. It is hosted on the SEC's public dissemination service and in the public domain. If referring to information in this filing constituted public offering, nearly every Reg D offering would be broken.
When news leaked of Goldman Sachs' Facebook pre-IPO fund that would only be accessible to their most prized clients, Goldman was accused of solicitations and advertising. They were not allow to sell shares to Americans. I'm not sure if the news leak was the result of seeing the SEC filling or it came from within Goldman, but the SEC took a broad view on what they considered to be advertising and solicitation when Goldman did not come out on the record to say it, and frankly didn't need to disseminate that information to raise awareness.
