Redeye VC: The Death of Stealth Mode

Interesting post on an often overlooked filing that has outed more than a few startups.

The part that get's me is about the updated Form D for next year. " ... so that companies no longer need to disclose names of investors that own more than 10% of a class of securities."

So if an investor invests in exchange for more than 10% their info is kept off the Form D? Am I reading this correctly.

If you're receiving funding from anyone other than your brother-in-law, presumably you had to shop around to people who don't sign NDAs. For all intents and purposes, the cat's already out of the bag.