Chicago, IL (PRWEB) December 08, 2011
DailyDAC, LLC is pleased to announce the complete redesign of its website.
“The redesign marks the evolution of DailyDAC from being strictly a lower middle market M&A deal aggregator to becoming the web-portal-learning-center for the accredited investor,” according to Kristen Weber, a director and co-founder of DailyDAC.
DailyDAC began with a singular focus: to try to help sellers of distressed companies quickly find buyers. As Weber explains, “the scope quickly evolved to include all situations requiring quick transactions.”
As word of DailyDAC has grown, more and more intermediaries have expressed interest in using it to attract investors to other investment opportunities. In response, DailyDAC launched its redesigned website on December 1, 2011.
According to DailyDAC’s chairman, Jonathan Friedland, “while there are at least 8 million accredited investors in the United States, far less than a million of those people actually conduct themselves as such.” In other words, “the universe of people who invest in private equity, venture capital, hedge funds, and private placements is much smaller than the universe of people who are legally permitted to do so under the securities laws.”
According to Friedland, the goal is even more ambitious: “If the Senate passes the Entrepreneur Access to Capital Act, the Securities Act of 1933 will be amended to provide exemptions that permit the sale of unregistered securities to non-accredited investors where the aggregate annual amount raised through such issue is $5 million or less; and individual investments in the securities is no more than the lesser of $10,000 and 10% of the investor's annual income.” DailyDAC’s intends to be a point of entry for investors who seek the diversification and superior returns of more sophisticated investment vehicles, especially as the law is relaxed to allow more investors to enter this space.
More About DailyDAC:
DailyDAC- Deal Acquisition Central- searches for investment opportunities for buyers of financially distressed companies, buyers of excess assets, and investors searching for superior returns by investing in or lending to companies that have urgent capital needs. For more information, go to http://www.dailydac.com and opt-in to receive DailyDAC’s free weekly electronic newsletter.
DailyDAC- Dealmakers’ Analysis & Commentary- is also The Web-based Accredited-investor Learning-center. Its mission is to educate people who meet the legal definition of "accredited investor" because their net worth is more than $1 million or they regularly make more than $200,000 per year but who do not presently take advantage of that status to invest in private equity funds, hedge funds, venture capital funds, and private placements.