Crowd-funding in the kitchen: non-traditional financing and funding for your food-related project
Small business owners have found it difficult to access tradition financing from banks over the past few years. An increasing number of them, including chefs and value added producers, have turned toward crowd funding to put together the capital necessary to start or expand their businesses. From food trucks to fine dining, a variety of different models have been successfully employed. What’s worked? What’s flopped? We’ll discuss with our colleagues who have gotten help from the crowd to fund their projects. Whether by Kickstarter or pre-sale of discounted goods or gift cards, crowd funding builds on the familiar concept of Community Supported Agriculture (CSA) and takes it to the next level. Moderated by Gregory Heller, Seattle Chefs Collaborative. Presenters include Tim Crosby and Arno Hesse, both of Slow Money, chef Thierry Rautureau of Luc and Rover’s restaurants, and Jared Stoneberger of the Lark Cookbook Project.
InKnowVision November 2012 Case Study - Basic Family Wealth Goal AchieverInKnowVision
Tom is 83 and Jane is 76. They have two children who are both well employed and live productive and happy lives. Tom was an attorney who headed a large patent firm in Washington DC. Jane served as an expert in international trade for much of her professional life. During the latter part of his career, Tom agreed to do work for a start up company that became very successful. Today, Tom’s share of the company is valued at $3.2M but generates $1.4M-$1.5M per year in taxable distributions. Several years ago, the company spun out one of its divisions and took the new company public. It has seen massive growth; almost no dividends have been distributed, and the company has a value to Tom today of approximately $6.4M. Tom and Jane also have approximately $5.2M in cash, $3.2M in retirement funds, and real estate of $4M for a total net worth of about $22M.
The primary planning goals are to:
Make sure that they have sufficient funds to live on for the rest of their lives
Maximize what they leave to their children and grandchildren
Increase the amount of charitable giving that they are currently doing
Equalize the financial positions of their son and daughter
Make a substantial provision for charity in place of estate tax if possible
Theory: How do you construct a financial model for your social venture?
Practice: What are the main cost drivers and revenue streams for your social venture? What are the various types of financing that social enterprises require, and how does this vary over the lifecycle of the business?
http://www.socialentrepreneurship.ca/indev308
How to Prepare Your Startup for Venture Capital Investmentideatoipo
Getting venture capital funding is the ultimate yet often elusive goal of many Silicon Valley startups. Venture capital funding dramatically improves a startup's chances of having a big IPO or buy out exit. Most startups at their inception have the hope, if not the expectation, that they will eventually receive venture capital funding.
In the current environment, venture capital funding has become more competitive, but it is still available. This presentation will cover what a startup should do to prepare for venture funding, what essential steps to take, what venture capitalists expect and how to avoid venture capital deal breakers.
Social Finance Ontario is a working constellation of the Ontario Nonprofits Network. This slide presentation provides a brief description of policy in the UK, US and Canada that supports social enterprise. Along with a brief description of some community investment funds and models.
InKnowVision November 2012 Case Study - Basic Family Wealth Goal AchieverInKnowVision
Tom is 83 and Jane is 76. They have two children who are both well employed and live productive and happy lives. Tom was an attorney who headed a large patent firm in Washington DC. Jane served as an expert in international trade for much of her professional life. During the latter part of his career, Tom agreed to do work for a start up company that became very successful. Today, Tom’s share of the company is valued at $3.2M but generates $1.4M-$1.5M per year in taxable distributions. Several years ago, the company spun out one of its divisions and took the new company public. It has seen massive growth; almost no dividends have been distributed, and the company has a value to Tom today of approximately $6.4M. Tom and Jane also have approximately $5.2M in cash, $3.2M in retirement funds, and real estate of $4M for a total net worth of about $22M.
The primary planning goals are to:
Make sure that they have sufficient funds to live on for the rest of their lives
Maximize what they leave to their children and grandchildren
Increase the amount of charitable giving that they are currently doing
Equalize the financial positions of their son and daughter
Make a substantial provision for charity in place of estate tax if possible
Theory: How do you construct a financial model for your social venture?
Practice: What are the main cost drivers and revenue streams for your social venture? What are the various types of financing that social enterprises require, and how does this vary over the lifecycle of the business?
http://www.socialentrepreneurship.ca/indev308
How to Prepare Your Startup for Venture Capital Investmentideatoipo
Getting venture capital funding is the ultimate yet often elusive goal of many Silicon Valley startups. Venture capital funding dramatically improves a startup's chances of having a big IPO or buy out exit. Most startups at their inception have the hope, if not the expectation, that they will eventually receive venture capital funding.
In the current environment, venture capital funding has become more competitive, but it is still available. This presentation will cover what a startup should do to prepare for venture funding, what essential steps to take, what venture capitalists expect and how to avoid venture capital deal breakers.
Social Finance Ontario is a working constellation of the Ontario Nonprofits Network. This slide presentation provides a brief description of policy in the UK, US and Canada that supports social enterprise. Along with a brief description of some community investment funds and models.
Jackson Family Wealth Goal Achiever - Advanced Estate PlanningInKnowVision
Chris is 68 and Beth is 59. Chris has recently just retired from an executive position in a public company. They have always led a relatively simple and conservative lifestyle and as a result have built up a very significant, and liquid, net worth. As part of Chris’s retirement package, he has an annual pension payment of approx. $360,000 (inflating). The pension alone is enough to cover their annual living expenses of $230,000. As a result, they have a large annual cash flow surplus created by the $400k in annual dividends from their equity portfolios and their tax-exempt income from municipal bond portfolios totaling $1.1M.
The main planning objective is to take advantage of the lifetime gifting exemption ($5M each) while it is still available. This is due in part to the large concentration of conservatively invested assets that are growing inside Chris and Beth’s estate. In addition, they are looking to preserve enough assets in order to provide sufficient cash flow that will ensure a comfortable lifestyle with flexibility during retirement.
Learn more at www.inknowvision.com
Jackson Family Wealth Goal Achiever - InKnowVision Advanced Estate PlanningInKnowVision
Chris is 68 and Beth is 59. Chris has recently just retired from an executive position in a public company. They have always led a relatively simple and conservative lifestyle and as a result have built up a very significant, and liquid, net worth.
As part of Chris’ retirement package, he has an annual pension payment of approximately $360,000 (inflating). The pension alone is enough to cover their annual living expenses of $230,000.
As a result, they have a large annual cash flow surplus created by the $400k in annual dividends from their equity portfolios and their tax-exempt income from municipal bond portfolios totaling $1.1M.
The primary planning goals were to:
Make sure that they have sufficient funds to live on for the rest of their lives (approximately $230,000 after taxes and gifts).
Provide for the financial security of the surviving spouse.
Create an inheritance for their children which protects them from any potential future creditors and/or predators.
Provide a charitable gift at death as long as it doesn’t greatly diminish the amount they pass to their heirs.
Eliminate or reduce estate taxes.
Lecture 7: Econ & Why VCs Say "No" | Adv. Venture Capital-FINAN 6310 | Chad J...Chad Jardine
Section 7: More economics & Why VCs say "no."
This presentation is part of a series of lectures by Chad Jardine, teaching FINAN 6310, Adv. Venture Capital at the University of Utah, 2008–.
This video series is NOT a complete online course of itself (with context, exercises, examinations, etc.), but it contains lecture content from FINAN 6310 Advanced Venture Capital, which builds on the concepts introduced in FINAN 6300 and further develops the language, skills, know-how, concepts, attitudes and information surrounding raising capital for new and growing businesses. We’ll focus on four dimensions of funding a new venture: Company, Context, Investors and the terms of the Deal.
This course aims to increase your odds for success in dealing with investors, by learning to think like one. In addition to becoming familiar with the process of financing a new venture, the course focuses on how to build fundamental value within a company and increase a new venture’s investment worthiness. These include concepts like the importance of the opportunity, favorable deal structure, clear customer acquisition strategy, presentation of current and projected financials, mitigating the four components of risk, legal and capital structures, venture capital, private placements, initial public offerings (IPO), mezzanine debt, preferred stock, warrants and other forms of new venture financing.
Anderson Family Wealth Goal Achiever - InKnowVision Advanced Estate PlanningInKnowVision
Jeff is 75 and Theresa is 72. Jeff recently retired from an executive position in a public company. As a result of his retirement he exercised over $45M in stock options and has 5 more years of deferred compensation payments. Jeff has also sold his 50% interest in his Corporation and the note payments are providing significant income for the next 9 years.
Jeff and Theresa have annual living expense desires of $725,000, with the available income to more than meet this need. Jeff’s deferred compensation payments average more than $2M/yr. for the next 5 years; his annual pension payments are $660k/yr. (inflating); and he also has note payments totaling $360k/yr. for the next 9 years from the buyout of his Corporation interests. These sources of income are in addition to an investment portfolio that generates more than $1.7M/yr. in income and various oil/gas ventures that generate over $100k/yr. in income. With annual income totaling over $5M/yr. for the family, they have the luxury of accumulating a very significant cash flow surplus each year.
Learn more at www.inknowvision.com
Carter Family Wealth Goal Achiever - InKnowVision Advanced Estate PlanningInKnowVision
Jerry and Susan Carter are both 63. They own and operate a very profitable manufacturing business in a small town. Jerry and Susan spend about $650,000 a year, giving generously to family ($200,000/yr.) and their favorite charitable causes ($150,000/yr.). Although the business provides significant taxable income of over $5M a year, Jerry and Susan have been re-investing excess cash back into the business to keep it thriving through the latest recession. With assets totaling over $60M, a growing business and an income tax bill surpassing $2M/yr., their estate tax and income tax exposure is quickly increasing.
The primary planning goals are to:
Provide for the financial security of the surviving spouse.
Maintain Carter Manufacturing as a viable company in their hometown after they exit the business.Maintain their customary lifestyle and gifting. This should take approx. $650,000 annually after taxes.
Eliminate or reduce estate taxes.
Maintain adequate gifting to their children and grandchildren. Their main priority is providing funds for their grandchildren’s educations.
Maximize the inheritance they leave to their children and grandchildren.
Establish a family foundation for lifetime and future family charitable giving.
Learn more at www.inknowvision.com
Capitalizing on Market Changes to Grow Your Card Programs (Credit Union Confe...NAFCU Services Corporation
The ever-changing and almost daily shifts in the market provide enormous opportunities for credit unions to extend their reach by effectively leveraging debit and credit card programs. These programs are highly visible, provide important consumer functionality and drive revenue and membership growth. In this 2012 Strategic Growth Conference session, we get to learn how to combine the messages in the market with your credit union brand to capitalize on this unique time, including promoting card features and functionality necessary to differentiate your credit union. We will also look at an analysis of key performance indicators and industry benchmarking data to see how your credit union stacks up! More info at: www.nafcu.org/vantiv
The Age Of New Reality Marketing V5.1 FinalTony Mooney
It\'s been a bug-bear of mine for many years that the average marketing skill set has not moved on very much from the 1960\'s model of 4 \'P\'s (Product, Price, Promotion, Place). Or that marketing is still largely synonomous with advertising - and spam advertising at that. This is a presentation I did to a marketing forum out in Singapore, where I\'ve tried to outline the new capabilities of the marketer of the 21st century. I also postulate the (controversial) perspective that a chunk of this new capability - especially around data and decisioning - might be better out sourced, leaving the internal marketing skills to be concentrated on strategy and proposition. See what you think. [Sorry you won\'t have my spoken narrative just yet but the slides are reasonably self explanatory]
Jackson Family Wealth Goal Achiever - Advanced Estate PlanningInKnowVision
Chris is 68 and Beth is 59. Chris has recently just retired from an executive position in a public company. They have always led a relatively simple and conservative lifestyle and as a result have built up a very significant, and liquid, net worth. As part of Chris’s retirement package, he has an annual pension payment of approx. $360,000 (inflating). The pension alone is enough to cover their annual living expenses of $230,000. As a result, they have a large annual cash flow surplus created by the $400k in annual dividends from their equity portfolios and their tax-exempt income from municipal bond portfolios totaling $1.1M.
The main planning objective is to take advantage of the lifetime gifting exemption ($5M each) while it is still available. This is due in part to the large concentration of conservatively invested assets that are growing inside Chris and Beth’s estate. In addition, they are looking to preserve enough assets in order to provide sufficient cash flow that will ensure a comfortable lifestyle with flexibility during retirement.
Learn more at www.inknowvision.com
Jackson Family Wealth Goal Achiever - InKnowVision Advanced Estate PlanningInKnowVision
Chris is 68 and Beth is 59. Chris has recently just retired from an executive position in a public company. They have always led a relatively simple and conservative lifestyle and as a result have built up a very significant, and liquid, net worth.
As part of Chris’ retirement package, he has an annual pension payment of approximately $360,000 (inflating). The pension alone is enough to cover their annual living expenses of $230,000.
As a result, they have a large annual cash flow surplus created by the $400k in annual dividends from their equity portfolios and their tax-exempt income from municipal bond portfolios totaling $1.1M.
The primary planning goals were to:
Make sure that they have sufficient funds to live on for the rest of their lives (approximately $230,000 after taxes and gifts).
Provide for the financial security of the surviving spouse.
Create an inheritance for their children which protects them from any potential future creditors and/or predators.
Provide a charitable gift at death as long as it doesn’t greatly diminish the amount they pass to their heirs.
Eliminate or reduce estate taxes.
Lecture 7: Econ & Why VCs Say "No" | Adv. Venture Capital-FINAN 6310 | Chad J...Chad Jardine
Section 7: More economics & Why VCs say "no."
This presentation is part of a series of lectures by Chad Jardine, teaching FINAN 6310, Adv. Venture Capital at the University of Utah, 2008–.
This video series is NOT a complete online course of itself (with context, exercises, examinations, etc.), but it contains lecture content from FINAN 6310 Advanced Venture Capital, which builds on the concepts introduced in FINAN 6300 and further develops the language, skills, know-how, concepts, attitudes and information surrounding raising capital for new and growing businesses. We’ll focus on four dimensions of funding a new venture: Company, Context, Investors and the terms of the Deal.
This course aims to increase your odds for success in dealing with investors, by learning to think like one. In addition to becoming familiar with the process of financing a new venture, the course focuses on how to build fundamental value within a company and increase a new venture’s investment worthiness. These include concepts like the importance of the opportunity, favorable deal structure, clear customer acquisition strategy, presentation of current and projected financials, mitigating the four components of risk, legal and capital structures, venture capital, private placements, initial public offerings (IPO), mezzanine debt, preferred stock, warrants and other forms of new venture financing.
Anderson Family Wealth Goal Achiever - InKnowVision Advanced Estate PlanningInKnowVision
Jeff is 75 and Theresa is 72. Jeff recently retired from an executive position in a public company. As a result of his retirement he exercised over $45M in stock options and has 5 more years of deferred compensation payments. Jeff has also sold his 50% interest in his Corporation and the note payments are providing significant income for the next 9 years.
Jeff and Theresa have annual living expense desires of $725,000, with the available income to more than meet this need. Jeff’s deferred compensation payments average more than $2M/yr. for the next 5 years; his annual pension payments are $660k/yr. (inflating); and he also has note payments totaling $360k/yr. for the next 9 years from the buyout of his Corporation interests. These sources of income are in addition to an investment portfolio that generates more than $1.7M/yr. in income and various oil/gas ventures that generate over $100k/yr. in income. With annual income totaling over $5M/yr. for the family, they have the luxury of accumulating a very significant cash flow surplus each year.
Learn more at www.inknowvision.com
Carter Family Wealth Goal Achiever - InKnowVision Advanced Estate PlanningInKnowVision
Jerry and Susan Carter are both 63. They own and operate a very profitable manufacturing business in a small town. Jerry and Susan spend about $650,000 a year, giving generously to family ($200,000/yr.) and their favorite charitable causes ($150,000/yr.). Although the business provides significant taxable income of over $5M a year, Jerry and Susan have been re-investing excess cash back into the business to keep it thriving through the latest recession. With assets totaling over $60M, a growing business and an income tax bill surpassing $2M/yr., their estate tax and income tax exposure is quickly increasing.
The primary planning goals are to:
Provide for the financial security of the surviving spouse.
Maintain Carter Manufacturing as a viable company in their hometown after they exit the business.Maintain their customary lifestyle and gifting. This should take approx. $650,000 annually after taxes.
Eliminate or reduce estate taxes.
Maintain adequate gifting to their children and grandchildren. Their main priority is providing funds for their grandchildren’s educations.
Maximize the inheritance they leave to their children and grandchildren.
Establish a family foundation for lifetime and future family charitable giving.
Learn more at www.inknowvision.com
Capitalizing on Market Changes to Grow Your Card Programs (Credit Union Confe...NAFCU Services Corporation
The ever-changing and almost daily shifts in the market provide enormous opportunities for credit unions to extend their reach by effectively leveraging debit and credit card programs. These programs are highly visible, provide important consumer functionality and drive revenue and membership growth. In this 2012 Strategic Growth Conference session, we get to learn how to combine the messages in the market with your credit union brand to capitalize on this unique time, including promoting card features and functionality necessary to differentiate your credit union. We will also look at an analysis of key performance indicators and industry benchmarking data to see how your credit union stacks up! More info at: www.nafcu.org/vantiv
The Age Of New Reality Marketing V5.1 FinalTony Mooney
It\'s been a bug-bear of mine for many years that the average marketing skill set has not moved on very much from the 1960\'s model of 4 \'P\'s (Product, Price, Promotion, Place). Or that marketing is still largely synonomous with advertising - and spam advertising at that. This is a presentation I did to a marketing forum out in Singapore, where I\'ve tried to outline the new capabilities of the marketer of the 21st century. I also postulate the (controversial) perspective that a chunk of this new capability - especially around data and decisioning - might be better out sourced, leaving the internal marketing skills to be concentrated on strategy and proposition. See what you think. [Sorry you won\'t have my spoken narrative just yet but the slides are reasonably self explanatory]
Digital Media for the Classroom
Part 2 of 2
This is the second part of the APOP workshop on how to use digital media creation in the classroom for a variety of subject matters.
My presentation at the EDEN_EDLW 2016, 8th November 2016. with the title Current challenges on quality in open, online, flexible and technology enabled learning #EbbaOssian
Agile Project management For Drupal Web Development ProjectsGregory Heller
You've heard of Agile, and probably even worked on a team that said it was agile. You may have attended a scrum, or a standup worked off of a back log, and with iterative sprints, but do you really know what Scrum is? In this session, GregoryHeller, certified Scrum Master and Certified Scrum Product Owner will walk you through the various aspects of The Scrum Methodology, explain the different roles on a scrum team, and talk about applying scrum to Drupal projects, and applying scrum to projects for external clients.
presentation given in February 2012 to cohort of small business owners as part of Manchester Metropolitan University's programme to support small business growth
Myer Family Wealth Goal Achiever- InKnowVision Advanced Estate PlanningInKnowVision
James is 64, and a few years ago started up a Consulting Company (Consulting Corp) with his business partner Dave. They have acquired some lucrative contracts over the last couple of years, and after spending frugally his entire life, James is starting to enjoy his newly created wealth. James is divorced and makes alimony payments in the amount of $100,000/yr. on top of his $500,000/yr. in living expenses. Because the wealth and income generated by the company is recent, James has not accumulated much in the way of liquid assets yet, but the company value is significant and future profits look very promising.
Learn more at www.inknowvision.com
Myer Family Wealth Goal Achiever - InKnowVision Advanced Estate PlanningInKnowVision
James is 64, and a few years ago started up a Consulting Company (Consulting Corp) with his business partner Dave. They have acquired some lucrative contracts over the last couple of years, and after spending frugally his entire life, James is starting to enjoy his newly created wealth. James is divorced and makes alimony payments in the amount of $100,000/yr. on top of his $500,000/yr. in living expenses. Because the wealth and income generated by the company is recent, James has not accumulated much in the way of liquid assets yet, but the company value is significant and future profits look very promising.
The primary planning goals are to:
Make sure that he has sufficient funds to live on for the rest of his life (approx. $600,000/yr., including alimony, after taxes and gifts).
Reduce income taxes.
Maximize the inheritance that he leaves to his children and grandchildren. Consider passing his business interests to his children involved in the industry while providing an equal inheritance of non-business interests to those that are uninterested.
Assure that he has sufficient liquid assets available at his death to eliminate the forced liquidation of his business assets.
Eliminate or reduce estate taxes.
Our ENTIRE magazine for FREE!!!! Why? Because it's our mission to help you GROW your wealth with real estate, just as we have. Our magazine was created by investors for investors, come learn from the best investors in the industry!
Slash | Intro to Investment for Engineers (Apr2021)Slash
Internal Slash talk during our weekly Friday sessions. The objective of this 30-min talk was to give some of the team who are new to personal investment, some basic framework.
Topics included:
- Risk & Return on investment
- Compound interest
- Inflation and store of value
- Leverage (and over-leverage)
- Investment mix
- Passive income
+ quick tips (Stocks, Property, Startups, Crypto)
Funding Your Social Enterprise: Approaches & Resources for NonprofitsMargaret Stangl
Third in a series, this webinar focused on Funding Your Social Enterprise: Approaches & Resources for Nonprofits
If you were wondering how and where to get additional funding for your venture, the panel of fundraising experts and practitioners discussed:
1. Types of funding available to nonprofit social enterprises
2. What foundations support social enterprise and what they look for
3. Innovative approaches to fundraising
Carter Family Wealth Goal Achiever - InKnowVision Advanced Estate Planning InKnowVision
Jerry and Susan Carter are both 63. They own and operate a very profitable manufacturing business in a small town. Jerry and Susan spend about $650,000 a year, giving generously to family ($200,000/yr.) and their favorite charitable causes ($150,000/yr.). Although the business provides significant taxable income of over $5M a year, Jerry and Susan have been re-investing excess cash back into the business to keep it thriving through the latest recession. With assets totaling over $60M, a growing business and an income tax bill surpassing $2M/yr., their estate tax and income tax exposure is quickly increasing.
Learn more at www.inknowvision.com
Different Types of Entrepreneurship - Entrepreneurship 101 (2012/2013)MaRS Discovery District
This lecture describes different types of business structures. We discuss some of the early questions that an entrepreneur must ask before committing to a business:
* Will your business be a for-profit enterprise, a not-for-profit or somewhere in between?
* What are the different requirements and resources necessary for your selected enterprise model?
* What type of financing should you target: equity, debt, grant funding or a combination of all three?
More than half of all small business used some kind of business credit last year as working capital. Find out how you can manage exposure. Get solutions for your cash flow needs from Christine Janklow, president, SettleSource, Inc. and David Gass. president, Earn.com. Learn more at http://bit.ly/aHxjc0 .
Free & Open Source Software For Nonprofits: NTEN Webinar Gregory Heller
In this webinar, Gregory Heller will discuss how web and desktop based open source tools and software can help nonprofits fulfill their mission.
Creative Commons, Attribution Share Alike Non Commercial 3.0
SCRUM Project Management For Wedding PlanningGregory Heller
Here are my slides from my Ignite Talk on December 7th, 2010 in Seattle, "SCRUM Project Management For Wedding Planning"
What happens when two people with project management experience decide not to hire a wedding planner and instead run their wedding planning through a modified SCRUM project management process? Certified SCRUM master, Gregory Heller will share his experience and lessons learned. Consider this a geek’s guide to planning the perfect wedding.
"You Don't Need A Website" Ignite NTC 2010 Gregory HellerGregory Heller
"You Don't Need A Website, You Need A Web Strategy" this 5 minute Ignite talk was presented by Gregory Heller at #10NTC Ignite Session in Atlanta GA on April 8, 2010.
Listening: Free Tools & Techniques for Nonprofit Brand MonitoringGregory Heller
I gave this presentation on developing listening strategies and free tools for brand monitoring in a 5 minute Pecha Kucha/Ignite style at Seattle NetTuesday in September.
Social Media Overview and Strategy For NGOsGregory Heller
This slide deck accompanies a 60 minutes webinar by CivicActions' Social Media Strategist Gregory Heller that explains the top level concepts of social media, cover a wide variety of social media platforms (including microblogging sites like Twitter, Facebook pages and groups, blogging, photo and video sharing). We will cover examples of a variety of successful uses of social media. Learn more at http://civicactions.com/social-media
What Makes The Greenest Cab?
Green transportation is all the rage these days, especially hybrid vehicles. Popular wisdom may lead some, including civic leaders and politicians to believe that the greenest vehicle is a hybrid. NYC Mayor Mike Bloomberg has been fighting to Green the Yellow Cab fleet in that city by forcing all new cabs to be hybrids. The iconic NYC TaxiCab often sets the pace for the rest of the country’s cabs. However would hybrids in NYC really make green cabs? And would the rest of the country’s cab industries follow suit? The answer may surprise you.
6. Since 2009
170 enterprises, $20 Million
14 Local Chapters
7 businesses secured investments of just
under $4 million
Direct investments of loans, equity, lease-to-
own equipment purchases
Business development and technical
assistance
34 WA and OR based enterprises received
business development / technical assistance,
connections
Farmer Reserve Fund
Monday, October 1, 12
7. Who is an investor?
• Accredited Investors
– Angels, VCs; Banks, Credit Unions, Foundations
– A bank, insurance company, registered investment company, business development company, or
small business investment company;
– An employee benefit plan, within the meaning of the Employee Retirement Income Security Act, if
a bank, insurance company, or registered investment adviser makes the investment decisions, or
if the plan has total assets in excess of $5 million;
– A charitable organization, corporation, or partnership with assets exceeding $5 million;
– A director, executive officer, or general partner of the company selling the securities;
– A business in which all the equity owners are accredited investors;
– A natural person who has individual net worth, or joint net worth with the person’s spouse,
that exceeds $1 million at the time of the purchase, excluding the value of the primary
residence of such person;
– A natural person with income exceeding $200,000 in each of the two most recent years or
joint income with a spouse exceeding $300,000 for those years and a reasonable
expectation of the same income level in the current year; or
– A trust with assets in excess of $5 million, not formed to acquire the securities offered, whose
purchases a sophisticated person makes.
Source: www.sec.gov/answers/accred.htm
Monday, October 1, 12
8. Who is an investor?
• Non Accredited Investors
– Wall Street, Mutual Funds, Credit Unions, IRAs
– Emerging Community Capital efforts
• Crowdfunding
• Investment Clubs
– Regulated vehicle; pools funds
• Local Investment Opportunity Networks
– Non-regulated; networks ‘friends’
– Customers
– Friends, Families (and Fools)
Monday, October 1, 12
9. What is an Investment?
Credit Friends, Gifts, Purchase,
CSA Pre-Pay
Cards Family Grants Trade
Social Return (SROI)
Bootstrap Market
Monday, October 1, 12
10. Capital Continuum
Credit Friends, Gifts, Purchase,
CSA Pre-Pay
Cards Family Grants Trade
Social Return (SROI)
Bootstrap Market
Sub Revenue/ Convertible
Debt Equity
Debt Royalty Debt
Financial Return (ROI)
Lower risk Higher risk
Lower reward Higher reward
Monday, October 1, 12
11. Capital Continuum
| Personal | | Customers |
Credit Friends, Gifts, Purchase,
CSA Pre-Pay
Cards Family Grants Trade
Social Return (SROI)
Bootstrap Market
| Accreds, Angels |
| Investment Clubs, LIONs | | VCs |
Sub Revenue/ Convertible
Debt Equity
Debt Royalty Debt
Financial Return (ROI)
Lower risk Higher risk
Lower reward Higher reward
Monday, October 1, 12
12. Crowdfunding
Credit Friends, Gifts, Purchase,
CSA Pre-Pay
Cards Family Grants Trade
Crowdfunding space
Monday, October 1, 12
13. Crowdfunding Regulation
Jumpstart Our Business Startups Act
(JOBS Act)
6 bills in one act, main parts due next year
- Don’t hold your breath
Of Interest:
1. Regulated crowdfunding
1. $10,000 or 10% of income per investor, whichever is less
2. Raise number of shareholders before forced to go
public
3. Advertise to solicit investors
- Due now
Monday, October 1, 12
14. Other Non-Bank Options
Direct Public Offerings
– Small Company Offering Registration (SCOR)
• All except Alabama (under consideration),
Delaware, District of Columbia (has no securities
laws), Florida, Hawaii, and Nebraska.
Monday, October 1, 12
16. Farmer Reserve Fund
Tech
Assistance
Program
Risk SROI
Credit
Union
Reduced LeveragedDo
nation
Impact Investor
Chef
20% default rate for first round
$10K deposit creates $50K loan(s)
Monday, October 1, 12
17. Direct Option
Risk
Credit Chef
Union Restaurant
Reduced
Monday, October 1, 12
18. Thank you
Tim Crosby
timcrosby@comcast.net
slowmoneynw.org
206.300.9860
Monday, October 1, 12
19. Thierry Rautureau
• Funded Luc through pre-sale to ~220
customers
http://TheChefInTheHat.com
Twitter: @thechefinthehat
Monday, October 1, 12
20. Some Numbers
2361 Projects
177 Live
40% Success Rate
$9.64 Million Raised
Over 250 “Food” Projects
(no specific stats available)
Monday, October 1, 12
21. All Projects
$9.64 Million
Successfully
Raised for
Food
Projects
#8
Monday, October 1, 12
22. Successful Projects
>50% Of
Successful Food
Projects Raise
between $1k
and $10k
#7
Monday, October 1, 12
23. Unsuccessful Projects
The Ones
That Fail, Fail
Big
(<20% of
funding goal)
#9
Monday, October 1, 12
24. Jared Stoneberg
LarkCookbook.com
@LarkCookbook
LarkSeattle.com
Monday, October 1, 12
25. Lark - Chef John Sundstrom
Monday, October 1, 12