1.
Focus Group RE: Private
Investment Policy in GA
Presented by: Dar’shun Kendrick, Esq./M.B.A., State Representative from
House District 93
(404) 697-8006
dkendrick@kendrickforgeorgia.com

2.
AGENDA
 Welcome, Recognition of Elected Officials and Reason for Occasion, Rep. Dar’shun Kendrick (District 93)- 9:15-9:20 p.m.
 Introductions of Focus Group, Chair of Focus Group- 9:20-9:30 a.m.
 Remarks from the Secretary of State Division- 9:30 a.m.-9:45 a.m.
 Preliminary Presentations:
 IGE comparison with other states- (and SOS comparison in excel) Dar’shun Kendrick (State House District 93)- 9:45 a.m.-10:00 a.m.
 TAG Industry Stats: Tino Mantella (President of the Technology Association of Georgia) 10:00 a.m.-10:30 a.m.
 State of Atlanta StartUp Ecosystem Report , Adam Harrell (Executive Director of StartUp Atlanta) 10:30-11:00 a.m
 Association for Corporate Growth, Melanie Brandt (Executive Director of ACG Atlanta, Inc.) - 11:00-11:30 a.m.
 2015 By the Numbers- Allyson Eman (Executive Director with Venture Atlanta)- 11:30-12:00 p.m.
 Agenda Items, Rep. Dar’shun Kendrick (District 93)
 Overview of Hearings from Ad Hoc Committee (March 2016) and (May 2016) 12:00-12:30 p.m.
 Proposal No.1: Update to Securities Laws General Overview- 1:00-1:45 p.m.
 Proposal No. 1: Angel Investor Tax Credit /Stats, FAQs and proposals- 1:45 p.m.-2:30 p.m.
 Innovation That Matters Report- 2:30-3:00 p.m.
 Lunch (12:30-1:00)
 Where do we go from here?- 3:00-3:30 p.m.
 Follow up meeting via call or in person

3.
INTRASTATE OFFERINGS
(Exemptions to federal registration)
Agenda
Invest Georgia Exemption
(“IGE”)
 $5MM cap (raised from $1MM in fall
of last year)
 3 page form
 No portal required
 $10,000 per unaccredited investor
Other States
 Range: $250k [Oregon]-$4M [Illinois]
with independently reviewed
financials AND officer certified docs
 Investment Amount Per Investor:
$100 [Maryland]-10% of net worth if
$100k+ income [Florida]
 Other Considerations: Many states
demand exclusive use of C portals,
escrow provisions and disclosure
requirements. Also differences on
marketing and advertising and
disqualifications.

4.
TAG
(TECHNOLOGY ASSOCIATION OF GEORGIA)
Agenda
 Main Site
 http://tagstateoftheindustry.com/2016/
 Venture Capital Links
 http://tagstateoftheindustry.com/2016/key-
findings/key-finding-5.html
 http://tagstateoftheindustry.com/2016/key-
findings/key-finding-6.html
 http://tagstateoftheindustry.com/2016/key-
findings/key-finding-7.html
 http://tagstateoftheindustry.com/2016/gap-
analysis/gr106-annual-capital-invested.html
 http://tagstateoftheindustry.com/2016/gap-
analysis/gr107-annual-capital-deals.html
 http://tagstateoftheindustry.com/2016/gap-
analysis/gr108-capital-surges-access.html

5.
STARTUP ATLANTA
Agenda
2016
Report

6.
ASSOCIATION FOR CORPORATE GROWTH
ATLANTA, INC.
Agenda
Letter to Ad Hoc
Committee in
March of 2016

7.
Allyson Eman with Venture Atlanta
Agenda
2015 Report by
the Numbers

8.
AD HOC COMMITTEE HEARINGS
(Agenda)
March 2016
 Blog
May
 SBIC (Small Business Investment
Corporations)
 Access to capital for minorities
who are not in college/tech
 Network for connecting and
supporting entrepreneurs looking
for capital (Ch. Stephens: What
about the foundations of the
university systems?)

9.
PROPOSAL No. 1:
UPDATE TO SECURITIES LAWS
Agenda
 Last updated in 2009 modeled
after the Uniform Securities Act
 Since that time, the Uniform
Securities Act has been revised as
of 2015
 Generally speaking, updates to
include:
 Consistency with new federal JOBS
Act (Title II, Title III, and Title IV)
 Costs?
 Stylistic changes
My
Proposals

10.
PROPOSAL NO. 2: ANGEL INVESTOR TAX
CREDIT (“Opportunity for All” Act”)
(Agenda)
 Overview: This bill would EXPAND the current, just
recently expanded (2015) Angel Investor Tax Credit to
be applicable and able to be used by "non-accredited"
investors, not just "accredited investors".
 Current Regulations
 Proposed Regulations (2015 legislation)
 Article on Adopted Regulations
 My Bill (HB 109 formerly)
 Cheat Sheet

11.
THE FUTURE: INNOVATION THAT MATTERS
REPORT
(Agenda)
REPORT

12.
Join me on social media!
www.kendrickforgeorgia.com
(404) 656-0109
(404) 697-8006 (cell)