Author Topic: Tips for DD and researching investments that use Reg D?  (Read 4690 times)


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Tips for DD and researching investments that use Reg D?
« on: March 22, 2018, 02:40:01 PM »
I'm looking at investing into a non-public company so there few regulations and limited forced scrutiny like available audits (for lack of a better way of putting it).  I'm new to this and learning. Most of my investments are safer :)

  • If registered in Delaware, look up the Corp form and any LLCs created
  • Whatever state they are in look up the Secretary of State (SOS) for their Foreign Corp and LLC forms
  • Compare consistency and time diffs between the above two
  • Look at LinkedIn for employees and see their background
  • Looks at EDGAR or a similar site for the SEC filings (Form D, Reg D, Reg Dex -- see descript below) -- aggregate site ( Actual:
  • Review "private placement memorandum" disclosing the company business and potential negatives associated with the company and the value of the investment. (
  • Look at Company's officers and directors relationships to other companies. Great graphics here:
  • Set up Google Alerts on the company and potentially officers
  • Look at / subscribe / follow their social media, newsletters, etc

Tips? Other things to look at and consider? How long in business? The longterm potential of their offerings?

Example of look up for Foreign regs -- Colorado Secretary of State -- Business Database Search
(Statement of Foreign Entity Authority -- Form of entity: Foreign Corporation -- Jurisdiction: Delaware)
SEC Form D, also known as Reg Dex or Reg D, is required for companies and funds offering and selling securities without registration under the Securities Act of 1933 in reliance on an exemption provided in Regulation D or Section 4(a)(5). The form must be filed within 15 days after the first sale of securities.

SEC Form D comprises brief information about the company, its executive officers, and stock promoters, the amount and value of the securities sold and the date of first sale. The form is intended to prevent fraud in the sale of the offered securities by requiring significant information on those securities be made easily accessible to investors.

A number of SEC Form D filings are made by startups raising capital through venture capital and angel investors as well as certain pooled investment funds.

Form D is filed in XML format and must be filed using the SECís EDGAR (Electronic Data Gathering, Analysis, and Retrieval) system. Once the Form D submission has been accepted, it can be accessed by the general public via
« Last Edit: March 22, 2018, 11:59:42 PM by lascott »
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Re: Tips for DD and researching investments that use Reg D?
« Reply #1 on: June 09, 2018, 06:53:03 AM »
What kind of business?