Learn how intrastate crowdfunding is on the verge of setting the national crowdfunding precedent, uniting communities and inspiring local economic growth.

1. Pre‐JOBS Act Crowdfunding – The Intrastate Exemption
May 16th 1pm to 2pm EST
https://www.brighttalk.com/webcast/9407/73453
Learn how intrastate crowdfunding is on the verge of
setting the national crowdfunding precedent, uniting
communities and inspiring local economic growth.
Moderator: Dara Albright, Founder, NowStreet – Panelists: *Douglas S. Ellenoff, Partner at Ellenoff,
Grossman & Schole; * Richard J. Salute, CPA, Consultant with extensive expertise in capital markets
and securities regulations; *Jeff Bekiares and Megan Johnson, Co‐Founders of SparkMarket, the
nation’s first bona fide crowdfunding portal allowing unaccredited investors to legally crowdfund via
intrastate exemption.

4. Intrastate Crowdfunding
Presented by Richard Salute
May 16, 2013

5. Why Intrastate Crowdfunding is so
significant
• Small regulatory appetite on a federal level
• Traditional SMEs have been deserted:
– Banks aren’t lending
– Public markets are no longer viable options

6. Companies that stand to benefit from
Intrastate Crowdfunding
• Real Estate
• Restaurants
• Retail Shops
• Mom & Pops

7. The Importance of Transparency
• The team:
– Describe the management skills and experience
and why they can execute the business plan.
– Best practice for achieving transparency requires
that you have the correct advisors i.e., Attorney’s,
Accountants and Investment Bankers.
– Consider forming Boards of Directors and
Advisors.

8. Don’t Mess with the Crowd!
Especially when they are your neighbors
• On going communications with Stakeholders
– Look at best of breed to see examples of
transparency.
– Discuss key metrics good or bad.
– The crowd is efficient be careful not to under
estimate its power.
– Never forget that you are selling a portion of your
business.
– Good Luck!