Co cf openshop 01-07-13- innovation pavilion

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Co cf openshop 01-07-13- innovation pavilion

  1. 1. Colorado CrowdfundingPresented by Vim FundabilityThank You Innovation Pavilion
  2. 2. Agenda•  Announcements•  Overview of Openshop•  History of Crowdfunding•  Getting Approval, Q&A•  Getting Funded, Q&A•  CO Crowdfunding Workshop
  3. 3. About BrianPersonalI am a dad with two boys, conscious entrepreneur and committed to myspiritual inner journey, my purpose is to live passionately inspired to createconnection and full engagement, All-American swimmer in collegeProfessional•Visionary in my EZOG Style•I am an entrepreneur - over 20 years of experience•I raised almost $2 million in private equity•Board Member Crowdfunding Professional Associations•Founder, CEO of Vim, Inc•Co-Creator of Funding Launchpad, Vim Insights, Vim Quests, Vim Loft, Vim Events, Vim Startups, Vim Fundability, Vim Lending, Vim SoftwarePrograms: Colorado Crowdfunding Intensive
  4. 4. DisclaimerI am not an attorney, nor play one ontelevision. I am not providing legal adviceand you are advised to talk to an attorneywith any securities transactions you areengaged in.
  5. 5. Colorado CrowdfundingPart One: History of Crowdfunding
  6. 6. What is Crowdfunding?•A collective effort from many individuals tofund a charity, event, business, artist andother projects typically online.•The JOBS Act is a Game Changer–Title II–Title III
  7. 7. Crowdfunding+Worldwide+Image+Credit:+PleaseFund.us+and+crowdsourcing.org+
  8. 8. Types+of+Crowdfunding+•  Micro&Finance+
  9. 9. Types+of+Crowdfunding+•  Peer+to+Peer(P2P)+
  10. 10. Types+of+Crowdfunding+•  Reward+
  11. 11. Types+of+Crowdfunding+•  Equity+
  12. 12. Early+Crowdfunded+Ventures+ Irish Loan Fund- 1700s
  13. 13. Poli>cians+Join+the+Act+
  14. 14. Power+of+the+Internet+
  15. 15. $10M+Campaign+
  16. 16. $200M,+5M,+7+Months+Online+Image+Credit:+Gplus.com+
  17. 17. First+$1M+Plus+Equity+Deal+
  18. 18. $128,542,079.00+and+Going+Strong+
  19. 19. Perks+versus+Security+!Pros!!!!!!!!!!!!!!!!!!!!!!!Cons !Pros!!!!!!!!!!!!!!!!!!!!!!!Cons Perks Based Security Based
  20. 20. JOBS Act- April 5th 2012
  21. 21. Colorado CrowdfundingPart Two: Getting Approval
  22. 22. Getting ApprovalOptions For Issue • CO Form RL • CO U-7 SCOR • Reg A • Reg D 504 MAIE Option • Reg D 506 Title II JOBS Act3 keys for Approval- Investors and Regulators • Disclosure • Documentation • Valuation
  23. 23. Options for Issue1. Form RL-Limited Registration by Qualification2. CO U-7 SCOR-Small Company OfferingRegistration- with Reg D 5043. Regulation A4. Reg D 504 MAIE5. Reg D 506 Exemption Title II JOBS Act
  24. 24. Form RL Key Qualification80% of raise must be spent in Colorado entityMajority of employees based in COAll investors must be CO residentsColorado Entity$1M in 12 monthsEscrow requiredMin/Max
  25. 25. Form RL Registration Key Advantages•  Limited documentation•  Reviewed financials•  The Colorado Division of Securities (DORA) should decide within 14 business days•  Lowest compliance cost option
  26. 26. SCOR Key Qualifications-47 States offer a SCOR, filed underuniformed application U-7-Must file Federal Exemption- Reg D 504-$1M in 12 months-$1.00 per share min-Can require audited financials, ongoingrequirement for audit post funding-Escrow required-Min/Max
  27. 27. Reg A Key Qualifications-Federal Exemption by Review-Complete and File Form 1-A-Reviewed by the SEC-Verbally "Testing the Waters"-Offering Circular required-Currently up to $5M in 12 months-No set requirement for accounting although SEC can require audited-No escrow or min/max
  28. 28. Reg D 504 MAIE-Only generally solicit to Accredited Investors-Must file Reg D 504 with SEC and CDOS-Maximum raise $1M in 12 months--Usually offered through Private Placement Memorandum-There is no qualificationFile MAIE Form with CDOS
  29. 29. Reg D 506-Practically only sell to Accredited Investors-Currently NO advertising or general solicitation- Title II JOBS Act changes this-Usually audited financials are required-Unlimited amount of capital-Usually offered through Private Placement Memorandum-There is no qualification
  30. 30. 3 Keys for Approval•  Disclosure•  Documentation•  Valuation
  31. 31. What regulators needs to know Disclosure Disclosure DisclosureYou need to let DORA/SEC and the investor know the whole story
  32. 32. How? First.... Do Your Due Diligence Research Research Research
  33. 33. What are the Risks? Risk Factor Statements:•  Business Risks•  General Risks•  Stage of Company Risks
  34. 34. What Disclosure Does for YouHelps you answer the questions you needto make your business more successfulFaster approvalBetter investor/lender information whichprovide you protection in case of issuesdown the road
  35. 35. And Provide DocumentationForms, Articles, Agreements & all things that materially affect the operation
  36. 36. FormsU-7Form 1-AForm RLForm DMAIE Form
  37. 37. Other DocumentationPrivate Placement MemorandumShareholder AgreementLoan AgreementLeasesPurchase OrdersExpert OpinionsAccounting Opinions
  38. 38. Determining Valuation
  39. 39. Takeaways•  Good Disclosure and documentation increases your fundability and speeds up approval.•  Create a valuation that works for you and the investor, must be realistic and fair to both parties.•  The Vim Fundability Decision Tree
  40. 40. Colorado CrowdfundingPart Three: Getting Funded
  41. 41. Getting Funded AgendaWho is crowdfund investing for?How do you get funded?
  42. 42. Who is it for?
  43. 43. In AdditionYou can create social proofand have social capital andyou are willing and committedto run a crowdfundingcampaign
  44. 44. How do you get funded?General Phases of Crowdfunding Campaign1.Plan the campaign2.Create your campaign3.Launch your campaign4.Drive your campaign
  45. 45. Plan the Campaign
  46. 46. Commit to your success!
  47. 47. How much to $ to dosomething amazing?
  48. 48. Define your timeline
  49. 49. Who is your investor?
  50. 50. Create the Campaign
  51. 51. How are you going toreach your investor?
  52. 52. What is your story,connect head and heart!
  53. 53. Create your project pageand compelling video
  54. 54. Why invest in you?
  55. 55. Launch the Campaign
  56. 56. Know your message
  57. 57. Know who is going toinvest the first 30%
  58. 58. Promote, advertise,PR, social media,email blasts
  59. 59. Know what the investorthinks they are getting?
  60. 60. Drive the Campaign
  61. 61. Promote and engagecurrent investors
  62. 62. Success is investmentsfrom second degreenetwork
  63. 63. Momentum, drive yourcampaign home
  64. 64. Thank people for support
  65. 65. Go Raise Money!
  66. 66. TakeawaysFor the right businesses you can crowdfund NOW!Crowdfunding is a capital raising option, is it for you?Success depends on your ability to define, message, attract and engage your investor. Know who they are!
  67. 67. Colorado CrowdfundingPart Four: CO Crowdfunding Workshop
  68. 68. Why take this workshop?
  69. 69. Build Your DreamIf you don’t build your owndream, someone will hire youto build theirs. Tony Gaskins
  70. 70. Hard to find Capital
  71. 71. General Solicitation InvestinMyCompany.com
  72. 72. Who is it for?Any business that is ready to raise capitalusing general solicitationAny business that generally seek under$1M in capital Reg A is $5MAny business with lots of CO connections,fans, customers or social networkAny business that simply wants to learnhow to raise capital like a professional
  73. 73. FundingLaunchPad.com
  74. 74. Workshop InformationJoin us for our three day intensive program February 11th, 13th & 15thFocus on Form RL, SCOR, Reg A, Reg D 504 MAIE and Reg D 506 registrations and Crowdfunding modelOnly have 9 slots open for class
  75. 75. Sign Up Today!Investment $1497, limited to first 10.If you sign up and pay today you also get-a free 1 hour coaching session prior to workshop-a free review of your Form RL, SCOR or PPM-$1000 off FundingLaunchpad.comA total of $1750 free additional value
  76. 76. We Make It Easy
  77. 77. Thank youJoin Colorado Capital Formation Meetup for events on allways to raise capital for your business!
  78. 78. Vim+Fundability+Informa>on+•  Contact+Info:+•  Brian@Vim.biz+•  303Y408Y3671Y+Mobile+Number+•  www.StartupGuru.com+•  LinkedIn:+Brian+Tsuchiya+•  Contact+Info+for+Nancy+Steele:+•  Nancy@Vim.biz+•  720Y881Y1236+Mobile+Number+ •  Contact+Info+for+Tara+Powers+ •  Tara@Vim.biz+ •  303Y875Y5011Y+Mobile+Number+

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