focus group presentation (june)
TRANSCRIPT
Focus Group RE: Private Investment
Policy in GAPresented by: Dar’shun Kendrick, Esq./M.B.A., State Representative
from House District 93(404) 697-8006
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
INTRASTATE OFFERINGS(Exemptions to federal registration)
AgendaInvest 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.
TAG (TECHNOLOGY ASSOCIATION OF GEORGIA)
Agenda Main Site http://tagstateoftheindustry.co
m/2016/
Venture Capital Links http://tagstateoftheindustry.co
m/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
STARTUP ATLANTAAgenda
2016 Report
ASSOCIATION FOR CORPORATE GROWTH ATLANTA, INC.
Agenda
Letter to Ad Hoc Committee in March of 2016
Allyson Eman with Venture AtlantaAgenda
2015 Report by the Numbers
AD HOC COMMITTEE HEARINGS(Agenda)
March 2016 BlogMay 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?)
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
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
THE FUTURE: INNOVATION THAT MATTERS REPORT
(Agenda)
REPORT
Join me on social media!www.kendrickforgeorgia.com(404) 656-0109(404) 697-8006 (cell)