Scope. The rules that govern how venture money is raised, invested and managed in the US, and the policy debates that move them: securities-offering exemptions (Regulation D, the accredited investor definition, Regulation Crowdfunding, Regulation A), SEC rules for private fund advisers (the exempt reporting adviser regime, the vacated 2023 Private Fund Adviser Rules, Form PF, the Marketing Rule), national-security screening of capital flows (CFIUS inbound review and the new outbound investment regime), and the policy levers that shape venture activity (antitrust, export controls, AI policy, crypto legislation, retail access, small-business programs).
What the study covers
- 1Overview: venture lives inside a set of exemptions
- 2Raising capital: offering exemptions
- 3Regulating the manager
- 4National security: CFIUS and outbound investment
- 5Policy levers that shape venture
- 6Landmark moments
- 7Pitfalls
- 8How an expert thinks about it