massolution nyc 2013: ellenoff grossman & schole

7/29/2019 Massolution NYC 2013: Ellenoff Grossman & Schole

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Relate with the Crowd

Presented By:

Douglas S. Ellenoff, Esq.

150 EAST 42ND STREETNEW YORK, NEW YORK 10017TELEPHONE: (212) 370-1300

FACSIMILE: (212) 370-7889Website: CrowdESQ.com

EGSLLP.com


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EG&S and Crowdfunding

EG&S has been one of the most active IPO law firms in the US for the last5 years (top 20 in 2012 and 4th in 2011); #1 Broker-Dealer counsel forPIPEs and Registered Directs and #1 world wide for SPACs andSPACquisitions. We represent 50 public companies.

Ellenoff Grossman & Schole has been heavily involved in the crowdfundingprogram since its inception. The Firm has sponsored conferences,webinars and has been invited to speak at different events on the

topic. Douglas S. Ellenoff, a member of the Firm, has met with the SEC onmany occasions to discuss many aspects of the proposed new law, howthe industry currently operates and how both the SEC and FINRA willregister and regulate funding portals and the crowdfunding activity to beconducted.

The Firm is actively engaged with clients (funding portals, broker-dealers, technology solution providers, software developers, investors and

entrepreneurs). In cooperation with the industry trade association, theFirm is discussing what level of regulatory review and monitoring isappropriate by the SEC and FINRA in balancing the interests of theprogram with investor protection.


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Speaker: Douglas S. Ellenoff, Esq.

Douglas S. Ellenoff, Esq. a member of Ellenoff Grossman & Schole, LLP, a 60lawyer New York-based firm, Douglas S. Ellenoff, a member of the Firm since itsfounding in 1992, is a corporate and securities attorney with a specialty in businesstransactions and corporate financings.

Mr. Ellenoff and the rest of the corporate department distinguish themselves frommany other transactional lawyers on the basis of their ability to be part of theestablishment of new securities programs, like:

PIPEs, SPACs, Registered Directs, Reverse Mergers and CrowdFunding,The Firms professionals have played leadership roles within each of thoseindustries, assisting in the creation, formation and strategies relating to thosefinancings, as well as working closely with the regulatory agencies; including theSEC and FINRA; and the listing exchanges - AMEX and NASDAQ.


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Different Existing Relationships with the Crowd

Donation gifting funds for no economic benefit (not IRC 501c3) Rewards providing funds in exchange for gift, premium,

acknowledgement or discount

Pre-order- online purchase of consumer item prior to production(i.e., online focus group)

Crowdsourcing online collaboration Securities Title II or Title III (debt or equity)


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Benefits of Connecting with the Crowd

Relationship building with loyal customers-- community Idea generation from knowledgeable customers feedback loop Investment opportunities in certain fields

Discounts Social media Contests


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New Models for the Fortune 500 to

Mingle with the Crowd

Airline Rewards Program Cosmetics Competition Financial Services Firm Incubator


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Dont Ignore the Crowd

The observation is that Enterprises oughtto evaluate how to engage with the Crowd

in order to foster their direct relationshipwith their community and no one model is

necessarily appropriate each

organization must customize their

approach


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Thank You

Presented By:Douglas S. Ellenoff, Esq.

150 EAST 42ND STREETNEW YORK, NEW YORK 10017

TELEPHONE: (212) 370-1300FACSIMILE: (212) 370-7889Website: CrowdESQ.com

EGSLLP.com

massolution nyc 2013: ellenoff grossman & schole

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