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LES SV Slides: Innovation and the JOBS Act

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Overview of JOBS Act for Entrepreneurs including 5 steps to practice safe crowdfunding

Overview of JOBS Act for Entrepreneurs including 5 steps to practice safe crowdfunding

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  • 1. "TRAKLIGHT", "ID YOUR IP", "IP VAULT", and "IP CLOUD" are registered trademarks of The PIP Vault, LLC. © MMXIII The PIP Vault, LLC. All Rights Reserved. Identify your innovation. Safeguard your success. ®   ISSUER  Views:  Crowdfunding,  the  JOBS  Act,  and  the   Future  of  Innova@on  Funding   Mary  JueCen,  Founder  &  CEO   @maryjueCen  @traklight   March  19,  2014   LES:  Silicon  Valley  Chapter  
  • 2.  L   OVERVIEW REWARDS BASED: Indiegogo, Kickstarter, Rocket Hub & 1500+ more EQUITY BASED (non-accredited): Debt or Security OTHER (accredited): Angel List, Lending Club, Prosper, MicroVentures
  • 3. ISSUER : JOBS Act   1.        Registra@on  &  Incorpora@on  in  US   2.        Names  –  Directors,  Officers,  >20%  SH   3.        Business  Descrip@on  &  BUSINESS  PLAN   4.        Prior  years  Tax  Returns     5.        Financial  Statements   6.        Use  of  Proceeds   7.        Offering  Details  &  Progress  Updates   8.        Share  price  &  methodology  (VALUATION)   9.        Ownership  &  capital   10.    Capital  (exis@ng,  offering  &  differences)  
  • 4. SEC RULES: 585 PAGES                                          
  • 5. SEC: 295 Questions                                          
  • 6. Equity/Debt Status Ready, Set, Not Yet! SEC Rule comment ended Feb 3rd, 2014 Intrastate live in several states Photo  credit  –  Richard  Winchell  
  • 7. RULES – FORM C Disclosure 1.        Registra@on  &  Incorpora@on  in  US   2.        Names  –  Directors,  Officers,  >20%  SH   3.        Business  Descrip@on  ONLY   4.        Prior  years  Tax  Returns     5.        Financial  Statements  ONGOING  &  ANNUAL                  REPORTS   6.        Use  of  Proceeds   7.        Offering  Details  &  Progress  Updates   8.        Share  price  &  methodology  (VALUATION)   9.        Ownership  &  capital   10.    Capital  (exis@ng,  offering  &  differences)  
  • 8. GAAP Financial Statements < $100K – CEO Ø $100K to < $500K Review Ø $500K = AUDIT by non-PCAOB but licensed Certified Professional Accountant (CPA) Firm Not the same CPA as preparations
  • 9. Devil in the Details $XM Valuation/ $X per share price/ Total $XK Use of Proceeds MAKE SELL OPERATE $XK Now $XK $YK $ZK $XK Next $XK $YK $ZK $XK Then $XK $YK $ZK $  
  • 10. EQUITY CHALLENGES: Business Plan Financials Attestation Valuation
  • 11. IDENTIFY IP PROTECT IP PICK A PLATFORM BUILD SOCIAL CAPITAL CREATE A PITCH CROWDFUNDING APPROACH
  • 12. Got Intellectual Property? Why Care… • IP theft costs $250 billion annually • 100% of all companies have IP • Intangible assets are often more than 75% of company values; startups more than 90% Disclaimer: This is intended to be general information. Nothing in this presentation constitutes legal advice. Please consult with an attorney before making any intellectual property protection decisions.      
  • 13. IDENTIFY & PROTECT IP WHY WHO WHAT WHEN WHERE ✔  
  • 14. ONLINE: Campaign Business Plan Projections Videos Music `   CREATE PITCH
  • 15. Questions?" Mary Juetten! mejuetten@traklight.com" @traklight @maryjuetten" IDENTIFY. PROTECT. SUCCEED.! " www.traklight.com" " TAKE OUR FREE RISK QUIZ"  

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