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Raising Venture Capital Funds: Reach More Limited Partners Using General Solicitation 2014


Speaker(s): Gregory Raiten, Kiran Lingam, Thomas J. Kim
Recorded on: Jul. 15, 2014
PLI Program #: 59585

Tom Kim focuses his practice on advising companies, underwriters and boards of directors on registered and exempt capital markets transactions, SEC regulatory and reporting issues, and corporate governance, as well as on general corporate and securities matters.

Prior to joining Sidley in 2013, Mr. Kim served for six years as the Chief Counsel and Associate Director of the Division of Corporation Finance at the SEC.  As Chief Counsel, Mr. Kim was responsible for the no-action, interpretive and exemptive positions taken by the Division on a wide range of matters, including Securities Act exemptions, the registered offering process, Rule 144, Exchange Act deregistration, succession, executive compensation disclosure, proxy solicitation and shareholder proposal rules, among others.  Under his leadership, the Chief Counsel’s Office revised and updated the Division’s telephone interpretations as Compliance and Disclosure Interpretations and issued several significant Staff Legal Bulletins.  Mr. Kim also led a number of notable SEC rulemakings and policy initiatives, including:

  • the July 2013 rulemaking under the JOBS Act eliminating the prohibition against general solicitation in Securities Act Rules 506 and 144A offerings;
  • the Concept Release on the U.S. Proxy System; and
  • the Interpretive Release on the Use of Company Websites.

Mr. Kim also oversaw the Division’s Office of Enforcement Liaison, which refers matters to the Division of Enforcement and advises on offering and disclosure-related issues in enforcement cases.

Prior to joining the SEC in 2006, Mr. Kim served as Corporate and Securities Counsel for the General Electric Company in Fairfield, CT.

As a member of the ABA’s Committee on Corporate Laws, Mr. Kim edited several editions of the ABA’s Corporate Director’s Guidebook.  He is a frequent speaker at securities law conferences, including the Northwestern Law School Annual Securities Regulation Institute and programs sponsored by the Practising Law Institute, the American Bar Association, the Society of Corporate Secretaries and Governance Professionals, and the National Association of Corporate Directors.

Mr. Kim graduated summa cum laude from Yale College and magna cum laude from Harvard Law School, where he was an editor of the Harvard Law Review.  He clerked for Judge Louis F. Oberdorfer of the U.S. District Court of the District of Columbia.


Kiran Lingam was most recently General Counsel and VP of Business Development at SeedInvest, a leading equity crowdfunding platform, where he coordinated all legal functions, including due diligence, legal and regulatory strategy, venture capital and seed financing transactions, broker-dealer operations, and compliance and internal corporate governance. Prior to SeedInvest, Kiran worked as a corporate and securities attorney at the law firms of Jones Day and DLA Piper LLP, where he served as outside legal counsel to venture capital and private equity funds, angel groups, and over 30 technology startups. Kiran has written several of the seminal articles on new securities laws under the JOBS Act, including on Accredited Investor Crowdfunding (Title II), Retail Crowdfunding (Title III), and Regulation A (Title IV). Kiran is also a co-founder of TiE Angels NY, an angel investor group affiliated with The Indus Entrepreneurs (TiE), the world's largest non-profit organization dedicated to fostering entrepreneurship with 55 chapters and 10,000 members.

Education:
Cornell University, B.A
University of Georgia, J.D., with honors

Bar Admissions:
Georgia, 2006
New York, 2011