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Pre‐JOBS Act Crowdfunding – The Intrastate ExemptionMay 16th 1pm to 2pm EST
https://www.brighttalk.com/webcast/9407/73453
Learn how intrastate crowdfunding is on the verge of setting the national crowdfunding precedent, uniting communities and inspiring local economic growth.
Moderator: Dara Albright, Founder, NowStreet – Panelists: *Douglas S. Ellenoff, Partner at Ellenoff, Grossman & Schole; * Richard J. Salute, CPA, Consultant with extensive expertise in capital markets and securities regulations; *Jeff Bekiares and Megan Johnson, Co‐Founders of SparkMarket, the nation’s first bona fide crowdfunding portal allowing unaccredited investors to legally crowdfund via intrastate exemption.
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Intrastate Crowdfunding
Presented by Richard Salute
May 16, 2013
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Why Intrastate Crowdfunding is so significant
• Small regulatory appetite on a federal level
• Traditional SMEs have been deserted:– Banks aren’t lending
– Public markets are no longer viable options
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Companies that stand to benefit from Intrastate Crowdfunding
• Real Estate
• Restaurants
• Retail Shops
• Mom & Pops
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The Importance of Transparency
• The team: – Describe the management skills and experience and why they can execute the business plan.
– Best practice for achieving transparency requires that you have the correct advisors i.e., Attorney’s, Accountants and Investment Bankers.
– Consider forming Boards of Directors and Advisors.
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Don’t Mess with the Crowd!Especially when they are your neighbors
• On going communications with Stakeholders– Look at best of breed to see examples of transparency.
– Discuss key metrics good or bad.
– The crowd is efficient be careful not to under estimate its power.
– Never forget that you are selling a portion of your business.
– Good Luck!
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