Twitter’s First Day as a Public Company- Debuts at $45.10

733921_423166754472886_1800066385_nThe online conversation service now used by over 230 million people worldwide has started trading today on the NYSE as TWTR. The stock opened at $45.10, much higher than the $26 per share price set yesterday.

Yesterday, based on the $26 per share IPO price, it valued the company at about $14.16 billion, based on 545 million non-diluted shares (or $18.1 billion with 705 million fully diluted shares.) At today’s price (at least at the time of this post) Twitter would be valued at about $31.8 billion. For a still unprofitable social media website!

Twitter’s IPO has been arguable the most anticipated IPO since Facebook’s in 2012. Hopefully Twitter will learn from Facebook’s mistakes and disappointments.

Photo Credit: Kenny Bastani

Posted in IPO, Securities Offerings | Tagged , , , , , , , , | Leave a comment

GE enters the crowdfunding arena with OurCrowd partnership

Originally posted on VentureBeat:

Crowdfunding is growing up.

GE Ventures, the venture capital wing of General Electric, today entered a co-investment partnership with Israeli crowdfunding platform OurCrowd that will enable GE Ventures to co-invest with OurCrowd in select early stage companies.

Launched in May 2013, Silicon Valley-based GE Ventures plans to invest $150 million annually across energy, healthcare, software, and advanced manufacturing companies. Between the GE brand and its substantial capital pool, GE Ventures could probably snag any investment it wants through traditional channels — but the OurCrowd partnership demonstrates GE’s confidence in crowdfunding as a valuable method for company discovery.

OurCrowd CEO Jon Medved

OurCrowd CEO Jon Medved

“OurCrowd has created a unique platform for dynamic early stage origination and funding,” said GE Ventures CEO Sue Siegel in a statement. “They offer a quality investment environment, and the partnership will give GE increased access to early innovation.”

OurCrowd is an equity crowdfunding platform exclusively for accredited investors, who…

View original 195 more words

Posted in Crowdfunding | Leave a comment

How To Manage Employees Who Are Older Than You

Posted in Crowdfunding | Leave a comment

SEC issues Proposed Rules on Crowdfunding.

Today, the Securities and Exchange Commission voted unanimously to propose the long-awaited Crowdfunding rules under the JOBS Act.

Under the Proposed rules:

  • A private company would be able to raise a maximum aggregate amount of $1 million through crowdfunding offerings in a 12-month period.
  • Investors, over the course of a 12-month period, would be permitted to invest up to:
    • $2,000 or 5 percent of their annual income or net worth, whichever is greater, if both their annual income and net worth are less than $100,000.
    • 10 percent of their annual income or net worth, whichever is greater, if either their annual income or net worth is equal to or more than $100,000.  During the 12-month period, these investors would not be able to purchase more than $100,000 of securities through crowdfunding.

Certain companies would not be eligible to use the crowdfunding exemption.  Ineligible companies include non-U.S. companies, companies that already are SEC reporting companies, certain investment companies, companies that are disqualified under the proposed disqualification rules, companies that have failed to comply with the annual reporting requirements in the proposed rules, and companies that have no specific business plan or have indicated their business plan is to engage in a merger or acquisition with an unidentified company or companies.

As mandated by Title III of the JOBS Act, securities purchased in a crowdfunding transaction could not be resold for a period of one year.  Holders of these securities would not count toward the threshold that requires a company to register with the SEC under Section 12(g) of the Exchange Act.

The SEC is taking comments for 90 days.
You may submit your comment(s) here.
You may view the full rules here.

Author: Jennifer Trowbridge, Stoecklein Law Group, LLP

(photo credit: shutterstock)

Posted in Crowdfunding, JOBS Act, Securities Offerings | Tagged , , , , , , , | Leave a comment

Tomorrow’s leaders: 10 geeks to follow (now)

Posted in Crowdfunding | Leave a comment

10 Things Extraordinary Bosses Give Employees |

Originally posted on infophile:

Good bosses care about getting important things done. Exceptional bosses care about their people. Good bosses have strong organizational skills. Good bosses have solid decision-making skills. Good bosses get important things done.

Exceptional bosses do all of the above–and more. Sure, they care about their company and customers, their vendors and suppliers. But most importantly, they care to an exceptional degree about the people who work for them.

Article discusses the following 10 things:

  1. Autonomy and independence.
  2. Clear expectations.
  3. Meaningful objectives.
  4. A true sense of purpose.
  5. Opportunities to provide significant input.
  6. A real sense of connection.
  7. Reliable consistency.
  8. Private criticism.
  9. Pubic praise.
  10. A chance for a meaningful future.

via 10 Things Extraordinary Bosses Give Employees |

View original

Posted in Crowdfunding | Leave a comment

$1000 Friday! Google’s Stock Price Breaks Record

After releasing its better than expected earnings report on Thursday, the stock price surged past the $1,000 per share mark for the first time in its trading history on Friday.

The Company’s market cap now sits at about $330 billion – yes, that’s a B- likely making it the second most valuable tech company in the world.  You can Google who is the first on your iPhone!

When you consider that Apple has had about a 22 year head start on Google, it’s a pretty impressive position to be in.

Author: Jennifer Trowbridge, Stoecklein Law Group, LLP


Posted in Social Media | Tagged , , , , | Leave a comment