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Focus Group Presentation (June)


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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
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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
  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   Venture Capital Links  findings/key-finding-5.html  findings/key-finding-6.html  findings/key-finding-7.html  analysis/gr106-annual-capital-invested.html  analysis/gr107-annual-capital-deals.html  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
  12. 12. Join me on social media! (404) 656-0109 (404) 697-8006 (cell)