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From the Rooftop, April 14, 2015 Edition


From the Rooftop, April 14, 2015 Edition

By: Steve Sadler, CEO, Allegiancy

April 16, 2015

Regulation A+


Ben & Jerry’s Ice Cream Paved the Way for SEC’s New Regulation A+ for $50 Million Capital Raise


The Securities and Exchange Commission (SEC) has finally approved the final rules on the implementation of Title IV of the JOBS Act, more widely known as “Regulation A+,” which paves the way for small businesses and startups to use crowdfunding to raise capital of up to $50 million.

The landmark legislation gives more freedom to SMEs to raise capital for their ventures. The previous version of Regulation A did allow companies to do general solicitations from investors but capped the capital raised just to $5 million. Aside from that, the issuers would have to comply with the mini registration requirements from SEC. They were also subject to state security laws for every state they will issue their security, thus making the process cumbersome and ineffective.

One of the most famous success stories on the use of then-Regulation A offering was by Ben & Jerry’s Homemade Inc. ($BJICA), even with the cumbersome process. As the newly approved Regulation A+ Rules of SEC are implemented, more startups like Ben & Jerry’s are expected to sprout up in the business landscape…



JOBS Act Expert Says Regulation A+ a Good Start


Now that the smoke has cleared after the Regulation A+ announcement, we’re beginning to get a better understanding of the impacts it will have on alt-finance.

JOBS Act expert and crowdfunding attorney Kendall Almerico is a frequent speaker at industry events and is the co-founder and CEO of Fundhub, a leading industry platform for both companies and investors.

Mr. Almerico spent some time with Bankless Times shortly after the Regulation A+ announcement to share his thoughts on their format and potential impact.

Mr. Almerico, while not surprised at the $50-million limit for Tier II, thought there could have been a higher cap. The most optimistic industry watchers were hoping for a cap as high as $150 million, he said, which would have allowed larger companies to participate.

Do not be surprised if the limit eventually gets there. Mr. Almerico said there is nothing to prevent Congress and the SEC from making it bigger should they choose, and given Regulation A+ will be reviewed every two years, there will be plenty of adjustment opportunities.

The SEC had to strike a balance between allowing convenient access to capital and adequate investor protections and Mr. Almerico thinks they created an environment where both sides will be happy…



Why the New Regulation A+ Rules Will Rock the Crowdfunding World


The US crowdfunding industry hit a major milestone on March 25 this year as the SEC passed into law Reg A+ under Title IV of the JOBS Act after years of prolonged deliberation and advocating by stakeholders.

Industry experts, entrepreneurs and investors have eagerly anticipated for the passing into law of this regulation to facilitate the democratization of investment by paving way for a greater participation from the general public, mostly unaccredited investors.

But to what extent will this new law cause a convergence of crowdfunding towards its claim as a democratized means of investing? Furthermore, to what extent will the predictions of industry observers and experts about a boom in the market come to pass? These are critical issues that are capable of shaping and influencing the outcome of the new law on the industry landscape at least in the near future.

Since it gained traction in the alternative finance landscape, crowdfunding has been regarded as a democratized means of investing that allows participation from the general public regardless of income group or social class. However, the full import of this claim has not been realized as regulations by the SEC have prevented participation from the majority of average investors (mostly unaccredited investors)…



Office Space Trends


Is the Modern Office Space the Next Recruitment Tool


If you’re over 40, you most likely equate a closed-door, corner office as a sign of professional success. However, if you entered the workforce more recently, your dream workspace probably involves a way to log in from anywhere (ideally the beach), another place to meet easily with a few co-workers and the ability to find a quiet corner to get some thinking done.

The idea of what makes a productive office has changed dramatically over the past decade. The good news is that a modern work environment can both attract your next generation of employees while increasing the efforts of your current employees. Here’s what today’s employers need to know.

According to John Michael, vice president and general manager at Business Interiors by Staples, “the right physical space brings together people, projects and technology.” Previously, offices were designed to allow standardization among roles and levels. This equated to rows of closed door offices for executives and cubicles for everyone else. That standard is no longer the most productive. Michael says that given today’s “work anywhere, anytime pace,” an employer needs to provide a setting to meet different kinds of work and work styles. An ideal office should offer areas for both project collaboration and quiet thinking with a flexibility to address the varied tasks required within every position.

Does your office cater to collaboration, focus and innovation? Newer concepts, such as environmental stewardship, wellness spaces and ease of use of technology, have an impact on workplace productivity and the relative desirability of your business to prospective and current employees. It comes as no surprise that leading global enterprises and cutting-edge technology firms quickly adopt forward-thinking advancements to their physical environments, but how can small- to mid-sized businesses apply these ideas?…



Why Your Office Space Really Counts: How Your Workplace Environment Can Impact Productivity


Creativity, collaboration and contentment are determined by the environment you build.

British employees work the longest hours in Europe, and 70-plus hour working weeks are the norm for many in our major cities. With the majority of our waking day spent in the office, it’s never been more important for employers to ensure that their working environments engage and inspire.

From big corporates to small startups, companies are moving away from the traditional workplace concept, and seeking innovative office designs and unique corporate activities with the aim of boosting creative thinking, optimising productivity, and ultimately enhancing profitability.



Industry News


Survey Shows Commercial Real Estate Poised for Three Years of Growth


The commercial real estate industry should see at least three more years of sustainable growth, based on a combination of sound economic and property market fundamentals, according to a survey of industry economists.

The forecast from the Urban Land Institute (ULI) Center for Capital Markets and Real Estate, released April 8, shows commercial real estate transaction volume rising to $470 billion this year from $424 billion in 2014, an increase of 11 percent. Volume is projected to climb to $500 billion in both 2016 and 2017, a 6 percent increase from the forecast 2015 level.

The consensus of the 46 economists surveyed was that improving vacancy and occupancy rates will drive “above average rent growth in all commercial real estate sectors,” according to the ULI report.

“A robust labor market benefits all types of commercial property, and despite some monthly noise, job gains have finally turned the corner,” said survey participant Calvin Schnure, NAREIT’s senior vice president for research and economic analysis. “2015 could mark an inflection point for real estate, especially the office sector.”

According to the survey results, total returns for institutional-quality direct real estate investments, as measured by the National Council of Real Estate Investment Fiduciaries (NCREIF) Property Index, are expected to average 9.9 percent in the period from 2015 to 2017. That compares with a projected average return of 3 percent for 10-Year U.S. Treasury notes during the same period…





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