ABOUT THIS EPISODE
In this episode of Capital Conversations, Karen Rands and Erik Nelson are joined by veteran securities attorney Michael Littman for a practical discussion about the legal realities behind Regulation A+ offerings and public company capital raises. With nearly five decades of securities law experience and more than 100 companies guided into the public markets, Michael brings a perspective few professionals can match.
The conversation explores what companies need to do before they ever file a Reg A+, why financial preparation is often the biggest obstacle to success, and how small mistakes in marketing, disclosures, or investor communications can create serious regulatory problems. They also discuss how public companies can use Reg A+ to raise additional capital, why general solicitation is such a powerful tool, and how companies can leverage crowdfunding without relying solely on venture capital or traditional investment banks.
One of the biggest themes throughout the episode is preparation. Strong financial records, experienced advisors, proper disclosures, and realistic expectations matter far more than most founders realize. Companies that approach capital raising strategically often create multiple future options. Companies that don't frequently discover their problems only after regulators, auditors, or investors begin asking questions.
Most founders focus on how to raise money. Far fewer focus on how to become investable. This episode explains why that distinction matters—and how companies can avoid many of the mistakes that derail capital raises before they ever get started.
