Successfully reported this slideshow.
We use your LinkedIn profile and activity data to personalize ads and to show you more relevant ads. You can change your ad preferences anytime.

Focus Group Presentation (June)

1,040 views

Published on

This is the powerpoint presentation I presented to a focus group of leaders in the innovation and investment industry in June of 2016 along with other presenters.

Published in: Government & Nonprofit
  • Be the first to comment

  • Be the first to like this

Focus Group Presentation (June)

  1. 1. Focus Group RE: Private Investment Policy in GA Presented by: Dar’shun Kendrick, Esq./M.B.A., State Representative from House District 93 (404) 697-8006 dkendrick@kendrickforgeorgia.com
  2. 2. AGENDA  Welcome, Recognition of Elected Officials and Reason for Occasion, Rep. Dar’shun Kendrick (District 93)- 9:15-9:20 p.m.  Introductions of Focus Group, Chair of Focus Group- 9:20-9:30 a.m.  Remarks from the Secretary of State Division- 9:30 a.m.-9:45 a.m.  Preliminary Presentations:  IGE comparison with other states- (and SOS comparison in excel) Dar’shun Kendrick (State House District 93)- 9:45 a.m.-10:00 a.m.  TAG Industry Stats: Tino Mantella (President of the Technology Association of Georgia) 10:00 a.m.-10:30 a.m.  State of Atlanta StartUp Ecosystem Report , Adam Harrell (Executive Director of StartUp Atlanta) 10:30-11:00 a.m  Association for Corporate Growth, Melanie Brandt (Executive Director of ACG Atlanta, Inc.) - 11:00-11:30 a.m.  2015 By the Numbers- Allyson Eman (Executive Director with Venture Atlanta)- 11:30-12:00 p.m.  Agenda Items, Rep. Dar’shun Kendrick (District 93)  Overview of Hearings from Ad Hoc Committee (March 2016) and (May 2016) 12:00-12:30 p.m.  Proposal No.1: Update to Securities Laws General Overview- 1:00-1:45 p.m.  Proposal No. 1: Angel Investor Tax Credit /Stats, FAQs and proposals- 1:45 p.m.-2:30 p.m.  Innovation That Matters Report- 2:30-3:00 p.m.  Lunch (12:30-1:00)  Where do we go from here?- 3:00-3:30 p.m.  Follow up meeting via call or in person
  3. 3. INTRASTATE OFFERINGS (Exemptions to federal registration) Agenda Invest Georgia Exemption (“IGE”)  $5MM cap (raised from $1MM in fall of last year)  3 page form  No portal required  $10,000 per unaccredited investor Other States  Range: $250k [Oregon]-$4M [Illinois] with independently reviewed financials AND officer certified docs  Investment Amount Per Investor: $100 [Maryland]-10% of net worth if $100k+ income [Florida]  Other Considerations: Many states demand exclusive use of C portals, escrow provisions and disclosure requirements. Also differences on marketing and advertising and disqualifications.
  4. 4. TAG (TECHNOLOGY ASSOCIATION OF GEORGIA) Agenda  Main Site  http://tagstateoftheindustry.com/2016/  Venture Capital Links  http://tagstateoftheindustry.com/2016/key- findings/key-finding-5.html  http://tagstateoftheindustry.com/2016/key- findings/key-finding-6.html  http://tagstateoftheindustry.com/2016/key- findings/key-finding-7.html  http://tagstateoftheindustry.com/2016/gap- analysis/gr106-annual-capital-invested.html  http://tagstateoftheindustry.com/2016/gap- analysis/gr107-annual-capital-deals.html  http://tagstateoftheindustry.com/2016/gap- analysis/gr108-capital-surges-access.html
  5. 5. STARTUP ATLANTA Agenda 2016 Report
  6. 6. ASSOCIATION FOR CORPORATE GROWTH ATLANTA, INC. Agenda Letter to Ad Hoc Committee in March of 2016
  7. 7. Allyson Eman with Venture Atlanta Agenda 2015 Report by the Numbers
  8. 8. AD HOC COMMITTEE HEARINGS (Agenda) March 2016  Blog May  SBIC (Small Business Investment Corporations)  Access to capital for minorities who are not in college/tech  Network for connecting and supporting entrepreneurs looking for capital (Ch. Stephens: What about the foundations of the university systems?)
  9. 9. PROPOSAL No. 1: UPDATE TO SECURITIES LAWS Agenda  Last updated in 2009 modeled after the Uniform Securities Act  Since that time, the Uniform Securities Act has been revised as of 2015  Generally speaking, updates to include:  Consistency with new federal JOBS Act (Title II, Title III, and Title IV)  Costs?  Stylistic changes My Proposals
  10. 10. PROPOSAL NO. 2: ANGEL INVESTOR TAX CREDIT (“Opportunity for All” Act”) (Agenda)  Overview: This bill would EXPAND the current, just recently expanded (2015) Angel Investor Tax Credit to be applicable and able to be used by "non-accredited" investors, not just "accredited investors".  Current Regulations  Proposed Regulations (2015 legislation)  Article on Adopted Regulations  My Bill (HB 109 formerly)  Cheat Sheet
  11. 11. THE FUTURE: INNOVATION THAT MATTERS REPORT (Agenda) REPORT
  12. 12. Join me on social media! www.kendrickforgeorgia.com (404) 656-0109 (404) 697-8006 (cell)

×