The Enterprise Forum of Pittsburgh is hosting Dorm Room Start-ups on Thursday, September 25, 5:30 p.m. - 8:00 p.m. at the University Club in Oakland (Pitt campus). Don't miss the opportunity to learn from entrepreneurs who started their businesses while in college and continued after graduation. It's great networking , too! Click here to register.
How "'Fail Fast' Can Be Horrible Advice." A post by Dave Cristello on LinkedIn: https://www.linkedin.com/pulse/article/20140908194808-79255126-how-fail-fast-can-be-horrible-advice. I like businesses that survive and adjust.
According to Crowdfund Insider, the Crowdfunding Professional Association, a crowdfunding industry trade association, released a recommended termsheet template which can be used by participants in JOBS Act Title III crowdfunding equity offerings. Read more here http://www.crowdfundinsider.com/2014/09/48727-cfpa-publishes-recommended-term-sheet-equity-crowdfunding-offers/_
Here is a progress report on the JOBS Act from Entrepreneur.com http://www.entrepreneur.com/article/236410
Accounting firm CohnReznick reports that middle-market executives are confident about their ability to secure financing and close deals before year-end 2014. Learn more in this article from CFO.com: http://ww2.cfo.com/capital-markets/2014/09/middle-market-exec-bullish-financing/
The debate about the impact of the JOBS Act, and especially the provision allowing equity crowdfunding, remains subject to debate, as the following recent articles show.
Equity crowdfunding will be subject to SEC regulations that include a requirement for audited financial statements in many instances, as well as on-going SEC reporting. Also, many Series A round investors have indicated that they would shy away from follow-on investments in an equity-crowdfunded company because there will be too many "small" investors and the extra costs involved.
In contrast, non-equity crowdfunding (such as a Kickstarter campaign) is not subject to SEC regulations. Contributors usually get a coffee mug, tee-shirt or early release of a product, but no shares.
For "investors", are they better off with a coffee mug and a thank you, rather than shares in a start-up saddled with the extra costs and issues identified in these articles? And, in a non-equity crowdfunding campaign at least you have another coffee cup or another tee shirt to show what you supported."
Also see my tweets:
Crowdfunding comes up short: Why the final part of the JOBS Act will never work http://gigaom.com/2014/02/19/crowdfunding-comes-up-short-why-the-final-part-of-the-jobs-act-will-never-work/ … via @gigaom - Another point of view!
Can the JOBS Act Save The American Dream? | Crowdfund Insider http://www.crowdfundinsider.com/2014/03/33195-can-jobs-act-save-american-dream/ … #crowdfunding via @crowdfundinside - Not w/out change.
Enjoy the opportunity to participate in two 45 minute roundtable sessions with two experts on a particular topic of importance to launching or operating a successful startup.
Tuesday, April 8, 2014
5:30 - 8:00 pm
Carnegie Mellon University
5000 Forbes Ave University Center
TiE Members - FREE
Non-Members $30, Day of $35
Student Non-Members $10, Day of $15
Registration for TiE Members is open!
Become a member now, so you can be sure to register early and guarantee yourself preferred seating for sessions. Session seating availability is limited.
Registration for Non-Members will openFebruary 19, 2014.
Sign up / register here: https://www.123signup.com/register?id=dbpff
What is the right amount of equity to give employees? How much of the Company should I offer to raise money? One answer to both questions is in the Equity Equation by Paul Graham.
This is TiE-Pittsburgh's Flagship event - and the First Ever Fall Edition! I will be speaking and sponsoring this event, as well. More details below; see you there!
Date: Wednesday, October 2, 2013 - 5:30pm -8:00pm
Carnegie Mellon University5000 Forbes Avenue University Center - Connan Room
Pittsburgh 15213, United States
See map: Google Maps
Registration: Register Here!
TiE Members - FREE
Members-Only Registration Opens August 23. Registration Opens to the public on September 5.
Advance Non-Member Registration - $35, Day of Event $40
Advance Non-Member Student Registration - $15, Day of Event $20
Steve Cherin, Esq.
Steve is a lawyer licensed to practice law in the state of Pennsylvania. He provides legal guidance and counsel for a variety of issues that arise in employment, tax, intellectual property, contract formation and disputes.