1 / 9

A New Era to Funding

A New Era to Funding. Who am I?. Shemer Sendak, Founder of SENDAK Law Office Extensive experience in US-Israel transactions, M&A, high-tech and venture capital Licensed to practice in Israel and the State of NY. The Evolution of Private Offerings.

elijah
Télécharger la présentation

A New Era to Funding

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. A New Era to Funding

  2. Who am I? • Shemer Sendak, Founder of SENDAK Law Office • Extensive experience in US-Israel transactions, M&A, high-tech and venture capital • Licensed to practice in Israel and the State of NY

  3. The Evolution of Private Offerings

  4. The Stone AgeA company could not raise capital without a prospectus • Up until the 1929 Stock market crash– Blue Sky Laws (State laws only)- Philosophy of merit • The 1929 crash & the Great Depression • Securities Act,1933 – Philosophy of disclosure

  5. The Middle AgesPrivate Offering Exemptions • The ‘Howey’ Test (1946) • Regulation D • No solicitation or advertising

  6. The 21st CenturyThe JOBS Act and the birth of Crowdfunding • Non-Equity based Crowdfunding(Headstart, Kickstarter, Indiegogo…) • Equity based - Investors receive shares

  7. Israel • Unfortunately mostly a follower, not a leader • Up until now, mostly stuck in the middle ages (35 offerees a year, with no flexibility) • Now adapting to the new reality

  8. מתחום ההייטק והטכנולוגיה השקעה מקבילה של משקיע מתוחכם (לפחות 10%) • אישור המדען הראשי: • הטכנולוגיה שהחברה מציעה אכן אפשרית • פעילות המחקר של החברה היא בישראל • יש לצוות הניהולי והמקצועי את היכולות הדרושות • החברה היא בעלת הזכויות הבלעדיות בפירות המחקר והפיתוח.

  9. תודה! www.sen-law.com

More Related