You may have noticed AngelList’s call to action against the latest SEC JOBS Act ruling. AngelList agrees with our initial assessment of the ruling but read on for their deeper analysis of how the law will affect startups. AngelList proposes that the JOBS Act will defeat their original goal of public fundraising for startups. Reason being that the new rules will be so difficult to follow that startups will solely raise money privately. And with so many startups fundraising privately, they are lowering their chances of raising any money at all. Or they could always find the cash somewhere that is not tracked by the SEC, but does it really need to get to that point? We agree with AngelList that the JOBS Act will result in unintended consequence such as spelling out the failure of thousands of startups – as a result, further stunting American job growth. We agree that what is called for in the JOBS Act is simply unfeasible. We agree with AngelList’s proposed ideas on how to go about investment tracking. The SEC is looking for feedback on potential consequences of their proposed rules. Share your opinion now as there are only 9 days left to comment! What do you think could be possible negative consequences as a result of the JOBS Act? Share your comments here. -Nikki Griggs, Business and Marketing Associate, Tech-Rx
Our very own Tech-Rx partners, Philip Engelhardt and Bob McDonald will be speaking at tomorrow’s Founders Space Roundtable on positioning your startup to investors. Founders Space Roundtable is a monthly meeting where founders get together to share knowledge, solve problems and make connections. Specifically, Philip and Bob will be presenting on how to gain traction with investors and what types of business models investors are attracted to. In addition to sharing what type of returns investors expect to see on their investments, Philip and Bob will also be speaking on a score of “How to” questions startups are always looking to answer. These are examples of the types of “How to” questions that the panel will address:
- How to ask for investment based on goals.
- How to position your team as the ideal match for solving the problem.
- How to prepare a credible financial scenario.
- How to spot and correct weaknesses in your business plan.
- How to manage the look and feel of your startup for success.