Congress passed the JOBS Act in April to facilitate capital raising by small to medium sized companies. It legalizes crowdfunding, allowing entrepreneurs to sell shares in privately held companies to the general public. With some restrictions, firms will be able to raise up to $1 million in 12 months from small time investors. Private companies will be able to tap into a huge market of...
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Congress passed the JOBS Act in April to facilitate capital raising by small to medium sized companies. It legalizes crowdfunding, allowing entrepreneurs to sell shares in privately held companies to the general public. With some restrictions, firms will be able to raise up to $1 million in 12 months from small time investors. Private companies will be able to tap into a huge market of investors who are not currently available to them and will be able to raise money from individuals who are not “accredited” without going public. Investors who have not been considered wealthy enough by the SEC to be designated an accredited investor will now be able to make direct equity investments in private companies. This is a new channel for fundraising. Whether your interest is as a startup looking for new funding sources or a more mature company seeking alternative ways to access the public markets, this legislation can help. Learn if you can benefit:--What the rules are--What the pitfalls are--How you can get started The Panel: Steve Hurly, CEO, Burrill & Company Merchant Banking and Head of Investment BankingSteve Hurly joined Burrill in June 2011. He brings expertise in assisting public and private firms with strategic transactions, difficult financings, product licensing, joint ventures and restructurings. He has experience at both bulge bracket firms as well as specialized boutiques. Through extensive industry relationships and global transaction experience in China, Japan, Australia, the European Union and North America, Steve and his team provide tailored solutions and insight to assist clients in reaching their strategic goals.Steve is an expert in strategic transactions and associated capital raising, and has completed over 100 deals with an aggregate value over $10 billion and over $400 million in capital. He has an M.B.A. from the University of Chicago and a B.S. in Engineering from Swarthmore College.Casey McGlynn, Partner, Wilson Sonsini Goodrich and RosatiCasey McGlynn serves as a member of the firm's Policy Committee and, since joining the firm in 1978, he has been a member of the firm's board of directors, and its Nominating and Compensation Committees. Casey's practice focuses on the organization, funding, and corporate representation of companies in the information technology, life sciences, and telecommunications industries.Casey is a nationally recognized leader in the representation of start-up and growth technology companies. He assists his clients in meeting their financing needs through introductions to an extensive network of angel investors, financiers, venture capitalists, corporate partners, and investment bankers. He has experience representing dozens of companies that have made successful initial public offerings and secondary offerings. He has a JD from Santa Clara University School of Law and a BA from Santa Clara University. Event DetailsTuesday, June 12, 2012. Registration 4:30--5:00 pmProgram 5:00--6:30 pmRefreshments 6:30--7:30 pmMission Bay Campus, Genentech Hall, N-114. Enter the main lobby and ask the guard for directions. SponsorWells Fargo Life Sciences GroupJerry Iwata, HeadJerry.Iwata@wellsfargo.com For more information, contact Stephanie Marrus and Lara Moscrip Stephanie.Marrus@ucsf.edu 415-502-0949Lara.Moscrip@ucsf.edu 415-514-9672