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"TRAKLIGHT", "ID YOUR IP", "IP VAULT", and "IP CLOUD" are registered trademarks of The PIP Vault, LLC. © MMXIII The PIP Vault, LLC. All Rights Reserved.
Ready, Set … Not Yet!
Mary Juetten, Founder & CEO
@maryjuetten @traklight
July 7, 2014
LES: Silicon Valley Chapter
L OVERVIEW
REWARDS BASED:
Indiegogo, Kickstarter, Rocket Hub & 1500+ more
EQUITY BASED (non-accredited):
Debt or Security
OTHER (accredited):
Angel List, Lending Club, Prosper, MicroVentures
A Tale of Two Campaigns
2
What they do.
• Genetic Art
– Ts
– Portraits
• Channels
– Obsessed pet owner
– Animal organizations
• Convert Steel shipping containers into
medical clinics
• Cooling/Heating installed
• Most of medical equipment
needs/electric and sink
• Durable
• Quickly Installed
Seriously?... Try again?
• Lessons learned
• New plan of action
• New cause
• New business
opportunity
The new plan.
• Pre-Selling
• HEAVY PR
– Social Presence
– Local media
• Partnering
• Get it in writing
• New rewards structure
• SCHEDULE
Results?!
IDENTIFY IP
PROTECT IP
PICK A PLATFORM
BUILD SOCIAL CAPITAL
CREATE A PITCH
CROWDFUNDING
APPROACH
Got Intellectual Property?
Why Care…
• IP theft costs $250 billion annually
• 100% of all companies have IP
• Intangible assets are often more
than 75% of company values; startups
more than 90%
Disclaimer: This is intended to be general information. Nothing in this presentation constitutes
legal advice. Please consult with an attorney before making any intellectual property protection
decisions.
STEP 4: RAISE SOCIAL CAPTIAL
Success is directly related to Social Capital
Social Capital is more than Social Media
Quality not Quantity
social icon: creative nerds, iconarchive.com
ONLINE:
Campaign
Business Plan
Projections
Videos
Music
`
CREATE PITCH
ISSUER : JOBS Act
1. Registration & Incorporation in US
2. Names – Directors, Officers, >20% SH
3. Business Description & BUSINESS PLAN
4. Prior years Tax Returns
5. Financial Statements
6. Use of Proceeds
7. Offering Details & Progress Updates
8. Share price & methodology (VALUATION)
9. Ownership & capital
10. Capital (existing, offering & differences)
SEC RULES: 585 PAGES
SEC: 295 Questions
Equity/Debt Status
Ready,
Set,
Not Yet!
SEC Rule comment ended Feb 3rd, 2014
Intrastate live in several states
Photo credit – Richard Winchell
RULES – FORM C Disclosure
1. Registration & Incorporation in US
2. Names – Directors, Officers, >20% SH
3. Business Description ONLY
4. Prior years Tax Returns
5. Financial Statements ONGOING & ANNUAL
REPORTS
6. Use of Proceeds
7. Offering Details & Progress Updates
8. Share price & methodology (VALUATION)
9. Ownership & capital
10. Capital (existing, offering & differences)
GAAP Financial Statements
< $100K – CEO
$100K to < $500K Review
$500K = AUDIT by non-PCAOB but licensed
Certified Professional Accountant (CPA) Firm
Not the same CPA as preparations
Devil in the Details
$XM Valuation/ $X per share price/ Total $XK
Use of Proceeds MAKE SELL OPERATE
$XK Now $XK $YK $ZK
$XK Next $XK $YK $ZK
$XK Then $XK $YK $ZK
$
EQUITY CHALLENGES:
Business Plan
Financials
Attestation
Valuation
JOBS ACT 2.0?????
Financial Statements
ONGOING & ANNUAL
REPORTS
Audit relaxed
Total raised to $3m
#releasetherules
Questions?
Mary Juetten
mejuetten@traklight.com
@traklight @maryjuetten
www.traklight.com
TAKE OUR FREE RISK QUIZ
http://hub.am/1n6zjlJ

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Traklight slides LES July 7th - Ready Set ... Not Yet!

  • 1. "TRAKLIGHT", "ID YOUR IP", "IP VAULT", and "IP CLOUD" are registered trademarks of The PIP Vault, LLC. © MMXIII The PIP Vault, LLC. All Rights Reserved. Ready, Set … Not Yet! Mary Juetten, Founder & CEO @maryjuetten @traklight July 7, 2014 LES: Silicon Valley Chapter
  • 2. L OVERVIEW REWARDS BASED: Indiegogo, Kickstarter, Rocket Hub & 1500+ more EQUITY BASED (non-accredited): Debt or Security OTHER (accredited): Angel List, Lending Club, Prosper, MicroVentures
  • 3. A Tale of Two Campaigns 2
  • 4. What they do. • Genetic Art – Ts – Portraits • Channels – Obsessed pet owner – Animal organizations • Convert Steel shipping containers into medical clinics • Cooling/Heating installed • Most of medical equipment needs/electric and sink • Durable • Quickly Installed
  • 5. Seriously?... Try again? • Lessons learned • New plan of action • New cause • New business opportunity
  • 6. The new plan. • Pre-Selling • HEAVY PR – Social Presence – Local media • Partnering • Get it in writing • New rewards structure • SCHEDULE
  • 8. IDENTIFY IP PROTECT IP PICK A PLATFORM BUILD SOCIAL CAPITAL CREATE A PITCH CROWDFUNDING APPROACH
  • 9. Got Intellectual Property? Why Care… • IP theft costs $250 billion annually • 100% of all companies have IP • Intangible assets are often more than 75% of company values; startups more than 90% Disclaimer: This is intended to be general information. Nothing in this presentation constitutes legal advice. Please consult with an attorney before making any intellectual property protection decisions.
  • 10. STEP 4: RAISE SOCIAL CAPTIAL Success is directly related to Social Capital Social Capital is more than Social Media Quality not Quantity social icon: creative nerds, iconarchive.com
  • 12. ISSUER : JOBS Act 1. Registration & Incorporation in US 2. Names – Directors, Officers, >20% SH 3. Business Description & BUSINESS PLAN 4. Prior years Tax Returns 5. Financial Statements 6. Use of Proceeds 7. Offering Details & Progress Updates 8. Share price & methodology (VALUATION) 9. Ownership & capital 10. Capital (existing, offering & differences)
  • 13. SEC RULES: 585 PAGES
  • 15. Equity/Debt Status Ready, Set, Not Yet! SEC Rule comment ended Feb 3rd, 2014 Intrastate live in several states Photo credit – Richard Winchell
  • 16. RULES – FORM C Disclosure 1. Registration & Incorporation in US 2. Names – Directors, Officers, >20% SH 3. Business Description ONLY 4. Prior years Tax Returns 5. Financial Statements ONGOING & ANNUAL REPORTS 6. Use of Proceeds 7. Offering Details & Progress Updates 8. Share price & methodology (VALUATION) 9. Ownership & capital 10. Capital (existing, offering & differences)
  • 17. GAAP Financial Statements < $100K – CEO $100K to < $500K Review $500K = AUDIT by non-PCAOB but licensed Certified Professional Accountant (CPA) Firm Not the same CPA as preparations
  • 18. Devil in the Details $XM Valuation/ $X per share price/ Total $XK Use of Proceeds MAKE SELL OPERATE $XK Now $XK $YK $ZK $XK Next $XK $YK $ZK $XK Then $XK $YK $ZK $
  • 20. JOBS ACT 2.0????? Financial Statements ONGOING & ANNUAL REPORTS Audit relaxed Total raised to $3m #releasetherules

Hinweis der Redaktion

  1. Quality not quantify
  2. Registration & Incorporation in the U.S. Name, legal status, address, website, etc. 2. Names of directors, officers, and 20% stockholders 3. A description of the business and the anticipated business plan of the issuer 4. Prior year tax returns 5. Financial statements 6. Description of intended use of raised capital & proceeds 7. Target offering amount, deadline, and regular progress updates through the life of the offering 8. Share price and methodology for determining the price 9. Description of the ownership and capital structure of the issuer, including a lot of detail about the terms of the securities being sold 10. Terms of any other outstanding securities of the company, including a summary