Yes mostly because of cost and difficulty. The disclosure...

Yes mostly because of cost and difficulty. The disclosure requirements are much more onerous where not to sophs or professional investors, eg the need for a prospectus.

Supposed to be a protection measure, and sure it does avoid non-sophs for falling for some scammy companies, but it also stops many of the same people from getting a leg up on some great deals, so I don't agree with it (though as a soph it doesn't actually affect me). Getting to sophisticated status was a real battle for me, took several years...but once I got there having access to these deals just made it so much easier.

As for this particular raising, I've had this company on my watchlist for a fair while. Never jumped in, but will try to get some access to the placement.

Cdchi1