Louisiana § 51:1144 Venture Capital Network; duties and functions

Louisiana Statutes

§ 51:1144 — Venture Capital Network; duties and functions

Louisiana·Title 51 Trade and Commerce

The Venture Capital Network shall:

(1)Solicit, compile, profile, and maintain current information describing opportunities for risk capital investment in new or emerging business ventures.

(2)Identify active informal investors and profile their distinguishing investment objectives.

(3)Provide, for a reasonable fee, a timely, confidential, and objective referral system serving both entrepreneurs and investors.

(4)Maintain statistics on the operation of the Venture Capital Network, including the number of profile entrepreneurs and investors, referrals, and referrals resulting in investment.

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The Venture Capital Network shall:
(1) Solicit, compile, profile, and maintain current information describing opportunities for risk capital investment in new or emerging business ventures.
(2) Identify active informal investors and profile their distinguishing investment objectives.
(3) Provide, for a reasonable fee, a timely, confidential, and objective referral system serving both entrepreneurs and investors.
(4) Maintain statistics on the operation of the Venture Capital Network, including the number of profile entrepreneurs and investors, referrals, and referrals resulting in investment.

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