Crowdfunding Discussion with Hannah Joseph
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Crowdfunding Discussion with Hannah Joseph

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Crowdfunding Discussion with Hannah Joseph Crowdfunding Discussion with Hannah Joseph Presentation Transcript

  • IC: This crowdfunding legislation has a major impact on how Indiana companies raise money. What is the most significant impact of this law for Hoosier businesses?
  • HJ: The  biggest  impact  is  that  companies  will  now   be  able  to  access  many  more  investors  for  their   businesses.    This  new  legisla8on  effec8vely   extends  the  "friends  and  family"  round  to  allow   Indiana  individuals  to  invest  in  Indiana  companies.     This  law  also  makes  Indiana  a  pacese?er  for   intrastate  equity  crowdfunding,  which  will  be  an   exci8ng  avenue  for  businesses  to  raise  money  by   selling  equity  in  their  companies  to  individuals   who  had  been  previously  excluded  from  the   market.  
  • IC: Why is this measure important for the way companies do business? View slide
  • HJ: Businesses  now  have  new  tools  in  their  toolkit   in  how  they  fund  their  opera8ons.    Many   companies  have  had  a  tough  8me  geDng   tradi8onal  bank  financing  or  loca8ng  investors   that  were  qualified  to  purchase  an  equity  stake   under  the  exis8ng  securi8es  laws.    Through  the   new  crowdfunding  laws  in  par8cular,  businesses   will  be  able  to  leverage  the  support  of  their   communi8es,  fans,  and  customers  to  obtain   funding  and  provide  a  percentage  of  ownership  in   return.   View slide
  • IC: Is there a particular type of company (i.e. size, industry, etc.) that is most impacted?
  • HJ: In  par8cular,  small  businesses  that  have  had  trouble   complying  with  the  complex  state  and  federal  securi8es   laws  will  be  most  affected  by  this  new  legisla8on.    Governor   Mike  Pence  had  the  vision  and  insight  to  understand  that   Indiana  needed  to  make  its  laws  easier  to  understand  and   to  sa8sfy  to  allow  businesses  to  have  the  greatest  flexibility   in  obtaining  investment.       While  the  new  securi8es  exemp8ons  available  under  the   law  will  help  businesses  of  all  sizes,  we  are  most  excited  to   open  up  the  marketplace  to  entrepreneurs  and  small   companies  who  have  not  had  the  resources  in  the  past  to   access  and  u8lize  this  kind  of  funding.  
  • IC: How does the passage of SB375 set Indiana apart from other states?
  • HJ: Indiana  is  one  of  the  first  handfuls  of  states  to   pass  legisla8on  permiDng  intrastate  equity   crowdfunding.    We  are  very  excited  to  be  a   "thought  leader"  by  draKing  a  comprehensive  law   that  balances  the  innova8ve  ways  businesses   obtain  investment  with  the  protec8on  of  Indiana   investors.    There  are  already  other  states  that  are   seeking  to  model  their  legisla8ve  process  aKer   Indiana's  successful  passage  of  SB  375.