It all starts on Wednesday!
GES2016 aims to provide a platform for some of the world’s top up and coming talent to be fast-tracked and connected with a global network of like-minded entrepreneurs, investors, and industry experts. Empowering youth and women entrepreneurs brings new ideas to life, while also investing in our collective future. Young people around the world cite expanding entrepreneurship opportunities as their number one priority.
Women entrepreneurship and economic participation speeds up development, helps overcome poverty, reduces inequalities and improves children’s nutrition, health, and school attendance. And successful women entrepreneurs are more likely to invest their earnings back into their families and their communities. The connections and insight gained through GES2016 will assist this next cadre of emerging youth and women entrepreneurs in reaching their full potential to scale and catalyze change.
I’ll be attending all three days and getting interviews, pics and information to bring back to you. Information you can use to grow your business.
Look for live stream on Periscope! I’m DrWright1
vs. Crowd Funding
I make a distinction because not all crowd funding will fall under crowd investing. People are already confused about what is happening. Over the next 12 months, you will see huge changes in how websites handle both.
Crowd Equity sites will offer shares of a business for sale. These sites will over see the process. A business owner will not be able to do this alone on his own. These sites are called third party intermediaries. If you make less than $100,000 you can only invest 5% of your income. Obama called on the Treasury Department, Small Business Association and Justice Department to monitor the new legislation closely and report regularly on their finding
Here are the basic rules
- The law allows an entrepreneur or small business to raise up to $1 million per year through an SEC-registered crowd funding intermediary. The House bill did not require an intermediary and would have allowed people to raise money via Facebook and other social media websites.
- Intermediaries seeking to help companies raise money through crowd funding must register with the SEC, make sure investors are advised of the risks they are taking, and take measures to prevent fraud.
- Individuals with an income of less than $100,000 per year are allowed to invest the greater of $2,000 or five percent of their income.
- Individuals with an income of more than $100,000 can invest up to ten percent of income, with a cap of $100,000.
- Companies that use crowd funding must provide financial statements to investors. Companies seeking to raise $100,000 or less would have to provide tax returns and a financial statement certified by a company principal.
- Companies seeking between $100,000 and $500,000 in capital would have to get independent accountants to review these statements.
- Audited financial statements would be required for companies seeking more than $500,000 in capital.
- Companies can avoid registering with the SEC until they have 2,000 shareholders, up from 500 currently.
Would you like to get a consult on your crowd funding project? Call 909 626 3835
- Raise Money with Crowd Funding (wrightplacetv.com)
Disney has filed to trademark “Seal Team 6,” the name of the counterterrorism team responsible for killing Osama bin Laden. The company filed for the trademark the day after news of bin Laden’s death broke. The application covers toys and other products.
When is the last time you or your employees thought that fast and moved on it?
What would happen in they did?