Thoughts on How to Help Others During the Crisis

Small businesses and charities need our support now more than ever.

Here are a few simple things that I’m doing.  I’m sharing as a way to inspire others — not looking for any “attaboys”.

I’m hopelessly addicted to the Thai food at Spicy Lime, a restaurant near my office in Encino.   It’s run by a small family.  I eat there so frequently, the owner baked a small cake for me a month ago.

I bought a $500 gift certificate for use when the crisis is over.  That’s an easy one.

I also shared with them information on the payroll loans that the government is making available, thanks to information shared with me by one of my favorite clients and good friend Addison McCaleb at MediaHound.  I also shared information from Louis Hamel, a fantastic CPA who was kind enough to summarize the program and send out a broadcast email to his clients and friends.

Over the years, I have done a cooking club for homeless women at the Downtown Women’s Center for several years.  I can’t ask my friends to go there to cook.  However, rather than just write a check, I’m doing a “two’fer”.  I’m going to order another $500 in food from the restaurant and donate it to the DWC.  The restaurant wins and the DWC wins.  It’s a great way to stretch my dollars.

Given that our economy is about to go through the ringer, the needs out there are going to be enormous.  If we all do what we can to support local businesses and charities, we can get through this together.

 

Upcoming seminar on Top 10 Legal Mistakes for Founders to Avoid

I’m excited to be speaking on Saturday, February 1, 2020 at a lunch seminar at UCLA hosted my friends at Biotech Connection Los Angeles from noon to 2:30 p.m.  The seminar will cover mistakes that bootstrapping founders sometimes make.  I will be explaining how to set up a new venture the right way, issue equity in a way that protects co-founders, and generally making new ventures investible.  The details of the seminar can be found here:  https://lnkd.in/ejGikSb.

BCLA is one of my favorite organizations.  BCLA is run by academics and biotech professionals from all over Los Angeles.  They focus on inspiring, educating and connecting emerging scientists and entrepreneurs to grow and diversify biotech in LA.  To learn more about BCLA, check them out at:  bc-la.org.

Hope to see you there!

Life for crypto investors is about to get more interesting – IRS has changed the 1040 to ask for crypto information

Yahoo Finance just posted the following article about a significant change to the 1040 income tax form, asking about a taxpayer’s financial interests in cryptocurrency.  https://finance.yahoo.com/news/irs-adds-specific-crypto-question-to-2019-tax-form-192521373.html.

Thanks to Our First Time Entrepreneur Attendees and David Mandel

Thanks again to all of our great attendees who gave up a Saturday to learn about valuation, cap tables and other important venture topics at our first time entrepreneur program.  We are grateful to David Mandel from Pasadena Angels for sharing his time and advice.  Also a special thanks to LAVA and Len Lanzi for being so supportive of the program.

Upcoming Event – LAVA First Time Entrepreneur Workshop on October 26!

I am extremely pleased to announce that I will be speaking at the upcoming LAVA (Los Angeles Venture Association) ‘First Time Entrepreneur’ training program. The program is open to entrepreneurs that are starting companies in areas that are likely to draw venture capital investment. Those in attendance will learn how to:

Determine the value of their company
Put together a capitalization table
Understand how VCs screen potential investments
Understand the differences between trademarks, copyrights and patents and when you need them
Choose co-founders
Network at startup events — the right way

The program will take place on October 26th from 10:00am to 3:00pm, you can purchase your tickets here:  https://www.lava.org/events/first-time-entrepreneur-workshop-102619.

Thanks again to the Access to Capital Growth Forum 3.0

I had a great time speaking at Cal State Dominguez Hills (CSUDH) on Tuesday at a fantastic capital forum run by Gary Polk. Over 120 participants enjoyed a full day of programming.  I also had the chance to watch a great presentation by Jennifer Brodmann, an assistant professor in CSUDH’s finance department.  If you haven’t checked out the campus, it’s worth it; it’s beautiful. Here are some photos from the event.