Early Stage Fundraising

Angel Investment

Angel Investment

Angel investors comprise a large segment of the early stage funding. They are usually seasoned entrepreneurs or executives who wish to invest smaller amounts of money – $25,000 to $150,000 – at perhaps the earliest stages of a company’s growth. Choosing an angel investor is akin to choosing a mentor, since often they will get a board seat in addition to the equity stake in the company. The essential ingredient of successfully finding angel investors is to seek out compatible personalities. The money, at this stage, should be secondary to the actual investor. At The Althing Group, we represent both companies and investors in their decision to join forces.

Venture Capital

Regulation D: General Solicitation under Rule 506

Rule 506 of Regulation D is a longstanding and much used exemption safe harbor from the registration requirements of the Securities Act of 1933 (Securities Act). Through this exemption, issuers can sell unregistered securities to an unlimited number of accredited investors and a limited number of nonaccredited investors. However, prior to the JOBS Act, Rule 502 of Regulation D prohibited the general solicitation or advertisement of securities in Rule 506 offerings. Thus, issuers needed to have some preexisting relationship with potential purchasers before conducting a private placement. This created a potentially significant limitation on an issuer’s ability to find and raise capital in a competitive process.  Title II of the JOBS Act has reversed that limitation to allow for the general solicitation and advertisement of a Rule 506 offering, as long as all ultimate purchasers are accredited investors.

Reg A+

Regulation A+

The SEC adopted Regulation A to help small companies raise limited amounts of capital without going through full, and potentially burdensome, registration requirements. Thus, a Regulation A offering is often called a “mini-registration” because the issuer needs to provide only certain documentation, such as Form 1A and financial information.

Regulation A+ raises the maximum amount that may be offered from $5 million to $50 million. The SEC will review this offering ceiling every two years to consider increasing the amount that may be issued. Issuers can use Regulation A+ to offer equity securities, debt securities, and debt securities convertible or exchangeable for equity interests (including guarantees of such securities). In addition, Regulation A+ securities may be promoted through general solicitation and advertisement, expanding the potential pool of investors available to issuers. There are no holding periods or similar restrictions on resales of Regulation A+ securities.



Title III (crowdfunding) is the most novel provision of the JOBS Act in that it creates an entirely new exemption from registration of securities offerings structured to take advantage of the Internet’s capacity for mass communication and social interaction. Nonetheless, it remains to be seen whether crowdfunding will ultimately be a widely used exemption or spur the kind of startup economic activity Congress and the president intended.

The concept of crowdfunding is based on large numbers of investors each investing relatively small amounts in an issuer, to give early stage companies access to capital while minimizing the risk to individual investors. It also extends the tacit promise of making entrepreneurial investing, of the type previously the exclusive realm of venture capital funds and wealthy individuals, available to the vast majority of potential investors who do not qualify as accredited investors. The SEC recently adopted the final rule on crowdfunding.

Read our published piece in the Westlaw Journal of Securities Regulation.

The Althing Group’s own Behzad Gohari wrote about the impact of general solicitation under the new Reg D for the Westlaw Journal of Securities Regulation. You can read the piece here:

Is advertising for investors under the JOBS Act really a boon for small companies?

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Product Development


At The Althing Group, we have helped various early stage biotechnology ventures launch their products.

In a rapidly evolving multi-disciplinary industry, at The Althing Group we bring drug development, software and hardware implementation of the most advanced instruments, and guide our clients to achieve their business goals.  We do so by standing shoulder to shoulder with our clients and bringing a true understanding of the scientific and technical nature of their endeavor to the engagement.


From chip design to advanced algorithms, The Althing Group has helped clients develop and implement the sound plans that bring their ideas to fruition.

We bring our pioneering spirit and guide clients to put forth their best ideas in a rapid and cost effective manner.  We have experience in every aspect of technology development, implementation, licensing and transfer in both domestic and international markets.


We bring our expertise to the service of our clients at a time when they need to build, develop, implement and protect their technology at every stage of a company’s growth.

Technology development and commercialization require both the academic and experiential knowledge of multiple disciplines, and differing markets in order to successfully bring a technology product to fruition.  At The Althing Group, we will help bridge the gap needed for a successful technology development project.

Read our piece in Bank Systems & Technology

The Althing Group’s own Behzad Gohari wrote about the impact of technology on prevention and mitigation of financial crises.

Can Technology Help Prevent the Next Financial Crisis?

Market Development

Domestic Manufacturing

As a business grows, its overall strategy becomes an essential guide for its future.

From developing a competitive strategic plan, to growth strategies, companies need to focus on their core values in order to develop a comprehensive strategic plan. That execution depends, in large part, on a successful transactional strategy.

Cross Border Partnerships

One of the most popular ways to expand into foreign markets is to enter into a joint venture with an experienced local business. We can help you navigate the process and ensure lasting success in the relationship with your joint venture partner.

Regulatory Compliance


  • Quality System Regulation (QSR) per 21 CFR Part 820
  • Medical device registration and Pre-Market Approval (PMA) consulting
  • Quality Assurance (QA) and Regulatory Affairs (RA) assistance


The Dodd-Frank Act, passed in 2009, is the largest financial regulatory legislation enacted by the United States government since the Great Depression. With sweeping reforms, Dodd-Frank impacts every corner of the financial services industry and the economy of the USA.


Passed in 2012, the JOBS Act promises to transform the private and public equity markets providing more rapid and easier access to the public equity markets for early stage companies, as well as democratizing the fundraising process of startups through crowdfunding.

Sales & Marketing

Vendor & Partner Development

Even in a world with open markets and liberalized trade, importing from or exporting to a foreign market can be a daunting challenge for most small and medium sized companies. We help you reach these markets and manufacturers. We bring our decades of experience in these markets to help you rapidly establish successful and lasting relationships that will help your business thrive.

  • Public Relations

  • Channel Development

  • Brand Development

Corporate Support

Executive Mentoring

Corporate governance can be interpreted in many different ways depending on the social, economic, political and corporate culture of company’s place of business. In a shrinking world, however, there is a need to develop and implement sound governance practices that can thrive in any setting.

Board & C-Level services

Our experts have served at many startups in executive capacities in order to help build a solid foundation of leadership that will have a lasting impact. In our role as executives we help each company fill a functional gap that will allow the startup to grow faster and more efficiently.