Something of a specialized question here.

In 12/2010, I converted my LLC (originally formed 9/2009) into a C Corp while raising capital from outside investors. It was suggested to me that my founders shares in this newly formed C. Corp would be excluded from capital gains based upon the 2010 Small Jobs Act and it's impact to 26 U.S. Code ? 1202 - "Partial exclusion for gain from certain small business stock". (https://www.law.cornell.edu/uscode/text/26/1202)

I've read and re-read the code but am not confident in my interpretation. Can anyone offer any expert insight?