FCA

Silicon Beach: Crowdfunding with Howard Leonhardt

Howard J. Leonhardt is a serial entrepreneur. In 1986 he founded WorldMed originally as an export trading company helping small manufacturers of cardiovascular medical devices to reach international markets and later (1988) as a developer, manufacturer and seller of original devices for treating heart and cardiovascular disease. Leonhardt has 17 U.S. patents for his inventions related to treating cardiovascular disease including; cardiovascular balloon catheters, artificial lung, a non-surgical placed heart valve, radiation catheters, specialized electronic pacemakers, biological pacemakers, cell delivery catheters, aortic stents grafts, stem cell treatment methods for heart failure and a method of converting stem cells to heart muscle cells. He was primary inventor…

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Equity crowdfunding coming, but rules still on the way

crowdfunding

If you have a business that needs funding and you can’t get a bank loan, you can’t get venture capital and you’ve tapped all your friends and family already, don’t despair. Equity crowdfunding is on the way. We just don’t know when. A panel of locals discussed the topic Wednesday at the Muhammad Ali Center, during the monthly meeting of Venture Connectors, a Louisville organization that links entrepreneurs with the people who can fund their ideas. The panelists were William D. Dawson, manager of university commercialization for EnterpriseCorp; Mary Thorsby, owner of the corporate communications company Thorsby + Associates; and Phil Shmerling, founder of InCrowd Capital,…

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Crowdfunding boosters are not happy with Steve Rattner

American Jobs Act

In a New York Times column Monday, Rattner, a contributor to the Times’ Opinion Pages, took a swing at the JOBS Act, particularly the portion relating to crowdfunding.The law, signed last April, will soon allow regular investors an opportunity to invest in startups in exchange for company stock. Rattner called the law “the greatest loosening of securities regulation in modern history,” and said it will not actually create jobs as its name implies. In regards to crowdfunding, Rattner equated individuals investing in startups to more traditional forms of gambling: “For individuals, [equity crowdfunding] is pure folly. Buy a lottery ticket instead. Your chance of winning is…

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What Entrepreneurs Need To Know About Equity Crowdfunding

Private Equity

The truth is crowdfunding for equity won’t be around till 2014. Accredited investors are the only game in town for security transactions. We are now getting our hunting gear ready. The more public message is that this is a more crowd funding like environment prior to ruling on the SEC rules where we circulate offerings to accredited investors. Accredited investors are the best “trial group” to solicit as FINRA and SEC would agree.

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Sec Chair Says Crowdfunding Coming “Soon”, But When Is That?

American Jobs Act

In a recent speech at the annual “SEC speaks” event, current Securities and Exchange Commission chair Elisse Walter placed the word “crowdfunding” immediately after the word “soon.” Well, that seems like progress. Of course, I could just be engaging in the time-honored tradition of over-parsing every word uttered by a beltway insider in search of clues about what’s going on inside the government. Here’s the complete sentence: “Soon, crowdfunding will bring the potential for a broader range of investors to provide private capital, although their investments will be and should be limited.” As most people that have ever visited this site — or listened to our…

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