Are you assuming that every successful/wealthy businessperson retains and consults with counsel before taking action? That's quite an assumption and one that, i

Are you assuming that every successful/wealthy businessperson retains and consults with counsel before taking action? That's quite an assumption and one that, in my personal experience at least, is not warranted. You can read the SEC's rules on general solicitation. They're fairly clear, and they pertain to a company's ability to solicit investment publicly. As such, even if what Tim is doing as an investor in the company (and not a representative of the company itself) is permissible, I don't see how it relates to the new rules, which makes the mention of them in his post all the more odd.