HOLIDAY PARTY 2017

It’s the most wonderful time of the year and what better way to spend it than with great food and even better company! Thank you to everyone who could join, we hope you had as much fun as we did! Check out some of the highlights from last night:

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Jan 27th, 2018: First time Entrepreneur Workshop

Calling all entrepreneurs!

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

Click here to sign up

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

 

Thank you to the Downtown Women’s Center and our wonderful volunteers!

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:

 

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

VENUE CHANGE: Top Ten 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.

Thank you to ShuiMu America-China Innovation and Entrepreneurship Forum

On October 1st I attended the ShuiMu America-China Innovation and Entrepreneurship Forum in San Gabriel, California. Thank you for having me as a judge for the pitch competition.