We are pleased to announce that Rob Vickery founder of Stage Venture Partners will be joining us at our FTE Workshop on FEBRUARY 17th, 2018! Click here to sign up
Stage Venture Partners is a seed venture capital fund that invests in emerging technology for B2B markets.
Founded in 2015 by two entrepreneurial partners, Stage is designed to deliver active and thoughtful investment. One of us is a successful international operator who has built global businesses. The other an experienced angel investor and venture capitalist with a strong track record.
Stage invests in Founders building frontier technology for enterprise clients. We offer access, services, and expertise that are unique in our market, leading to remarkable results for our portfolio.
We are not thesis, geographic or sector focused, but instead business model focused. We invest only in software companies that solve problems for companies, monetizing either through SAAS or transaction fees.
Before founding Stage with Alex Rubalcava, Rob created the Entertainment and Technology Division for BNY Mellon and was the North America Director for Lloyds International, one of the world’s leading financial institutions, focusing on major corporate entertainment-related investments. He has also spent a number of years working and advising a range of international music and film talent on embracing with new forms of technology.
Rob is also on the board of the British Academy of Film Television Arts (BAFTA) LA Games, British American Business Council, South Central Scholars and the Chairman of the School of Business & Entrepreneurship at Dorsey High School.
Rob graduated from the University of Gloucestershire, UK, in 2003. In his downtime, Rob is an amateur paleontologist, snowboarder and gaming addict (come and find me on PSN (BeverlyHillsBrit) or Xbox Live (saasfundr)
Members are free; non-members $50.
During our five hour program, you will learn how to:
- Determine the value of your company
- Put together a capitaliation 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 be taught by LAVA board members and veterans of the venture space. The program is generously sponsored by Crowley Corporate Legal Strategy
On Friday, November 10th StartEngine hosted a summit focused on regulated ICOs.
Check out the Top 10 Highlights from the event:
- Management and company counsel might need to consult with local legal counsel in other countries to ensure compliance with rules and regulations of other countries. The level of compliance requirements might ultimately result in eliminating countries from the token offering. For those countries that do not get eliminated, be sure to include relevant disclosures by country (and state).
- There are several possible federal exemptions and securities regulations that can be used, such as 506(c), the Crowdfunding regulation, Regulation A+, and Regulation S. If you’re relying on more than one, be sure you’re complying with the requirements of each, as they may be different. Also, be careful to also comply with state securities exemption requirements, if necessary.
- In order to comply with the advertising rules for US and non-US investors, consider having the tokens sold in the US be different from tokens sold to foreign investors.
- Company should consider as a risk factor what the implications are if their token cannot handle the large number of users at the end of their token sale.
- “Curb your enthusiasm”, meaning what you say today in marketing and advertising can be used against you later.
- When determining whether an investor is accredited, go beyond just a questionnaire. Get bank statements or a letter from their accountant to verify income.
- The variety of possible exemptions and securities regulations all have different resale restrictions to be considered and complied with during token sales.
- Be extra diligent when doing your know your customer (KYC) and anti-money laundering (AML) checks.
- Some investors think there is too much emphasis on who the Company’s advisors are during an ICO. Instead, the focus should be on identifying for investors: (1) who is on the management team? (2) what is the opportunity? (3) what is the smart contract code itself and has it been audited? (4) what is the overall marketplace analysis? and (5) what is the company’s expectation for the use of proceeds?
- Investors should have engineers and coders on their team to look at the smart contract code during diligence.
If you missed the event or for more information visit: https://www.startengine.com/ico
Thank you to the Downtown Women’s Center and our wonderful volunteers for helping us prepare a meal for 150 women as part of the Downtown Women’s Center cooking club.
Last night we made Tortellini, mixed vegetables, a green salad and a fruit salad.
For more information on volunteer opportunities at the Downtown Women’s Center:
- Group Volunteering: http://www.downtownwomenscenter.org/support-us/volunteer/group-volunteer-opportunities/
- Individual volunteering: http://www.downtownwomenscenter.org/support-us/volunteer/individual-volunteer-opportunities/
Last call to RSVP for our event tomorrow, Top Ten Legal Mistakes Made by First Time Entrepreneurs.
The event is FREE, but please register here: https://connectpasadena.com/events/top-10-legal-mistakes-made-by-first-time-entrepreneurs.
Our Top Ten Legal Mistakes Made by First Time Entrepreneurs event next week will now be held at WeWork Pasadena (177 E Colorado Blvd, Suite 200, Pasadena, CA 91101).
Date: Thursday October 19, 2017
Time: 6:00pm – 7:00pm
Location: WeWork Pasadena
The event is FREE to all attendees, but RSVPs are requested: https://connectpasadena.com/events/top-10-legal-mistakes-made-by-first-time-entrepreneurs.