We speak with Todd Ryden, CEO of FNEX, a growing online alternative investor marketplace. FNEX brings accredited investors together with curated sellers of private placement equity interests, managed futures, secondary private securities, and interests in hedge funds and private equity funds.
Jason Stevens, investment executive and natural resource specialist for Sprott Global Resource Investments, discusses the potential benefits of investing in the equity of high-quality “Real Asset” agricultural, mining, or energy companies with host, Chris Cahill. That’s right, energy companies, even today: the key to garnering inflation protection plus return for such investment is the quality of the companies.
David Drake takes a break from a world tour on behalf of Soho Loft to talk with Chris Cahill about why debt crowdfunding will gain ground in the US and elsewhere over the rest of 2016, to the extent that some platforms will switch from equity offerings to debt offerings.
Welcome to the first installment of this column. My guiding principle will be to write about things I want my children and my parents to understand about the world of business, investing, finance and law.
For this first installment, I explain the difference between “VC” and “PE.”
There is no universally accepted definition of “venture capital” but the U.S. Small Business Administration’s definition works well:
Just one-third of registered investment advisers (RIAs) have offered private equity (PE) investments to their clients over the past five years, according to a recent survey by iCapital Network. The survey of approximately 450 RIA firms also found that nearly 70 percent of RIAs who don’t offer PE investment opportunities confirm interest from their clients in that area.
Nobody, in our opinion, should invest in seed-stage companies that raise capital under Regulation A+. This new securities exemption, based on Title IV of the JOBS Act of 2012, is structured primarily for growth- and later-stage companies.
Chris Cahill speaks with Phil DeMuth, author of The Overtaxed Investor: Slash Your Tax Bill & Be a Tax Alpha Dog. The author is as engaging and enthused as his frequent co-author Ben Stein affects not to be. Listen and learn about the benefits of taking a “lifetime perspective on your taxes.
Stratifund aggregates and rates Title III (Regulation CF) and Title IV (Regulation A+) crowdfunding offerings, pulling from 9 different funding portals and broker-dealer platforms. Stratifund currently lists 44 Title III offerings and rates 39 of them; and it lists and rates 6 Title IV offerings.
Following the March 2013 announced joint venture between NASDAQ and SharesPost Inc. to launch Nasdaq Private Market, a new secondary market trading platform to buy and sell private company securities, we chronicled the emergence of platforms aimed at providing access to liquidity for holders of restricted securities.
The SAFE is like a warrant entitling investors to shares in the company, typically preferred stock, if and when there is a future liquidity event, i.e., if and when the company next raises “priced” equity capital, or is acquired, or files an IPO. Like convertible debt, SAFE deal terms can include valuation caps and share-price discounts, to give early (CF) investors a lower price per share than later (VC) investors or acquirers get for the same equity.