Happy Friday! I had to stop by and share with my investors and followers what an awesome event I attended last night as the guest of my attorney, Brett Heeger, who was one of four amazing hosts.
When I chose early on to expand my business, I hired an attorney. I knew the lawyer had to be someone who not only understood the legality of everything, but also had a purpose that aligned with my values. Half the reason I'm absolutely loving giving people this opportunity to invest into something new and exciting is to, yes, of course, grow their money, but more importantly, giving those supporters a chance to invest back into the community. That’s how successful companies grow and continue to support their local economy, create more jobs, and create the cycle year after year. People like YOU are making changes both on a small and big scale.
That’s what this event was about: bringing people together for an evening of conversation and opportunities for action around community investing. The evening’s presenters said it best, "Local businesses are the touchstone of our communities. And in the last decade, social entrepreneurship and community investing have moved from fringe experiments to mainstream ideas. Together, there’s more opportunity than ever for community members to support, participate, and potentially share the benefit of the success of main street businesses."
The people attending the event were either new to investing or looking to get some of their money off of Wall Street to create a better impact in their community. We talked about the difference of putting $500 into the stock market versus $500 into a well-vetted business owner who is working day and night to make their business grow for you, their team of investors. More than HALF of all investors are contributing to the Stock Market, Mutual Funds, etc, and while that can be great, we are now allowed to more unique and impactful opportunities to invest that are also FUN! Thanks to a law passed in 2016 - Title III of the JOBS Act, which allowed business owners to participate in Regulation Crowdfunding - everyday people, not just the wealthy, can now invest in private companies!
I hear a lot of people say they want to be part of something bigger than themselves, so maybe they buy a few stocks in Microsoft or download an app that rounds up their purchase to go to penny stocks. Is that doing anything other than providing you a financial return? Are you making an impact or being part of something that you can actually see grow, knowing your investment was a big part of that, even if only for a few hundred dollars?
I was one of four business owners who got the chance to share our business stories and how others could get involved as investors. We are all raising money from everyday people like you and me, but each doing very different kinds of raises.
Our hosts are four people who are literally paving the way for the future of raising money. Jenny Kassan was actually present at the White House when the Jobs Act was signed into law!
One of the coolest parts of the event - it was held at With Love Market & Café, an amazing business that has had so much support from their community and whose customers can now be shareholders in the growing business.
I’m looking forward to sharing more as the CWS Hospitality investor family continues to grow! We’re almost halfway to reaching our minimum!
With Brett, Los Angeles Securities and Social Impact attorney for Gartenberg, Gelfand, Hayton LLP
Brett leading a discussion with:
Jenny Kassan, Attorney and Angels of MainStreet Co-founder
Michelle Thimesch, Founder & CEO of Crowdfund Mainstreet and Co-founder of Angels of MainStreet
Andrew McDowell, With Love Market & Café Founder and CEO
Hanging out with Andrew - sharing our experiences of doing a raise backed by the community.
Thank you for your continued support,
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