Category: Investors

Top 10 highlights from the StartEngine – ICO 2.0 Summit

On Friday, November 10th StartEngine hosted a summit focused on regulated ICOs.

Check out the Top 10 Highlights from the event:

  1. 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).

 

  1. 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.

 

  1. 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.

 

  1. 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.

 

  1. “Curb your enthusiasm”, meaning what you say today in marketing and advertising can be used against you later.

 

  1. When determining whether an investor is accredited, go beyond just a questionnaire. Get bank statements or a letter from their accountant to verify income.

 

  1. The variety of possible exemptions and securities regulations all have different resale restrictions to be considered and complied with during token sales.

 

  1. Be extra diligent when doing your know your customer (KYC) and anti-money laundering (AML) checks.

 

  1. 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?

 

  1. 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

 

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Last Call! Top Ten Legal Mistakes Made by First Time Entrepreneurs on Thursday Oct. 19th

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.

 

Connect17 - WeWork venue

#Connect17: Top Ten Legal Mistakes Made by First Time Entrepreneurs

We would like to invite you to attend our next event for entrepreneurs: Top Ten Legal Mistakes Made by First Time Entrepreneurs.

This will be held on Thursday October 19, 2017 at CTRL Collective in Pasadena during Innovate Pasadena’s Connect 17 week.

The event is FREE to all attendees, but RSVPs are requested.

Click here for more information and to register: https://connectpasadena.com/events/top-10-legal-mistakes-made-by-first-time-entrepreneurs.

 

Connect17

Innovate Pasadena: How to Network with Investors (Video)

Check out the video from my talk at Innovate Pasadena’s Friday Coffee Meetup on August 11th on How to Network with Investors – the right way.

Investor to speak at LAVA’s First Time Entrepreneur workshop

Investor Buck Jordan of Canyon Creek Capital is scheduled to speak to attendees at LAVA’s First Time Entrepreneur workshop on Saturday, September 16, 2017.

At this workshop attendees  will learn how to:

  • Determine the value of your company
  • Put together a capitalization table
  • Understand how Venture Capitalists screen potential investments
  • Understand the differences between trademarks, copyrights and patents and when you need each of them
  • Work with co-founders
  • Network at startup events — the right way

 

For more information and to register for the workshop, visit: First Time Entrepreneur Workshop.

Workshop for First Time Entrepreneurs

LAVA’s fall First Time Entrepreneur workshop is scheduled for Saturday, September 16, 2017!


 

We will also have a special guest speaker: Venture Investor Buck Jordan, of Canyon Creek Capital

At this workshop you will learn how to:

  • Determine the value of your company
  • Put together a capitalization table
  • Understand how Venture Capitalists screen potential investments
  • Understand the differences between trademarks, copyrights and patents and when you need each of them
  • Work with co-founders
  • Network at startup events — the right way

 

For more information and to sign up, visit: First Time Entrepreneur Workshop.

Thank you to Pasadena Friday Coffee Meetup

Thank you to the teams at Innovate Pasadena and Cross Campus for having us at the Friday Coffee Meetup last week!

 

fcm