Focus Group RE: Private
Investment Policy in GA
Presented by: Dar’shun Kendrick, Esq./M.B.A., State Representative from
House District 93
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.
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.
Where do we go from here?- 3:00-3:30 p.m.
Follow up meeting via call or in person
(Exemptions to federal registration)
Invest Georgia Exemption
$5MM cap (raised from $1MM in fall
of last year)
3 page form
No portal required
$10,000 per unaccredited investor
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
(TECHNOLOGY ASSOCIATION OF GEORGIA)
Venture Capital Links
ASSOCIATION FOR CORPORATE GROWTH
Letter to Ad Hoc
March of 2016
Allyson Eman with Venture Atlanta
2015 Report by
AD HOC COMMITTEE HEARINGS
SBIC (Small Business Investment
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
PROPOSAL No. 1:
UPDATE TO SECURITIES LAWS
Last updated in 2009 modeled
after the Uniform Securities Act
Since that time, the Uniform
Securities Act has been revised as
Generally speaking, updates to
Consistency with new federal JOBS
Act (Title II, Title III, and Title IV)
PROPOSAL NO. 2: ANGEL INVESTOR TAX
CREDIT (“Opportunity for All” Act”)
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".
Proposed Regulations (2015 legislation)
Article on Adopted Regulations
My Bill (HB 109 formerly)
THE FUTURE: INNOVATION THAT MATTERS
Join me on social media!
(404) 697-8006 (cell)