The Soho Loft and David Drake is presenting on the JOBS Act and crowd funding in Lugano, Swizterland to a select Swiss family offices and asset managers. The networking seminar event is to be held 5 pm – 7 pm.
July 10, 2012 a small U.S. Commerce delegation arrived to Brussels, Belgium. Mr. Drake, Founder and CEO of The Soho Loft Capital Creation Event (TSL), was selected to represent U.S. views on crowd funding and the JOBS Act (Jumpstart Our Business StartUps Act). The delegation will have private meetings with European ministers, regulators and legislators on US and European Small and Medium-sized Enterprise (SME) policies and programs. The Lake Como event will be set up for networking covering current events including the summit held in Rome July 13, 2012 that Mr. Drake attends with Italian ministers. Mr. Drake is speaking with European leaders and ministers and will summarize US and European current events in Lake Como July 19.
The European Commission and the US Government decided at a Transatlantic Economic Council meeting (back in December 2010) to collaborate on ways to increase trade and investment opportunities for US and European SMEs. Representatives from all European countries have now created a special workshop focusing on growth of young start-ups and Small Medium-Sized Enterprises (SMEs) to stimulate capital flows including loan guarantees as well as new alternative financial markets.
“I am truly honored to participate in this workshop to share U.S. best practices and lessons learned from effective venture capital and guarantee policies and programs.” says Mr. Drake. “This is a major development in cross atlantic communication to export and import the leading capital formation solutions while also extending diplomatic relations and sharing leadership visions.”
Mr. Drake has over the last year travelled globally to participate in 60+ panel discussions and conferences on crowd funding and the JOBSAct; is a founding member of the CrowdFund Intermediary Regulatory Advocates and currently involved in regular conversations with the SEC. In other words, he has been diligently absorbing all experiences, opinions and recommendations from governmental entities, the entire global investment community, angel networks, lawyers, entrepreneurs in hundreds of fields and will present this information in Europe.
The capital formation workshop will be conducted with the US Commerce department’s thought leaders and experts on government, SMEs and legislative initiatives like the JOBS Act. These are but a few topics which will be covered in Brussels. The counter parts of the SME incentive programs and alternative financing solutions on both continents are meeting and sharing knowledge, insight and solutions.
“We have organized panel sessions covering the JOBS Act regulation and crowd funding,” says Mr. Drake. “Part of the discussion focuses on how the SEC modification incorporated in the JOBS Act has bolstered prospects for exempt offerings and how it has a positive impact on the role of private markets. We want the attendees to fully grasp how the JOBS Act and SEC modifications have created an array of new financing opportunities domestically and globally” declares Mr. Drake.
Mr. Drake presented for the first time to the European financial institutions and media while invited to speak during GlobeForum at the Grand Hotel in Stockholm April 26, 2012. Mr. Drake’s Brussels visit with the U.S. Commerce department tomorrow is one out of a dozen new speaking engagements that resulted from that first visit to Stockholm. Mr. Gorecki, co-founder of Skype, that originally invited Mr. Drake to Sweden has asked him to conduct the Funding Forum 2012 with him and Europe’s 4th largest media company Bonniers this November 15 in Stockholm. “Crowd funding is a global force and we need to challenge the institutions on how they address this change in the people’s funding options” says Mr. Gorecki.
Mr. Drake is presenting tomorrow in Brussels on Regulation A and Regulation D exemption changes in the JOBS Act and discussing how those changes prompt foreign firms to seek out funding and listing in the US on exchanges like Nasdaq, NYSE and OTC. In addition, the demand to learn about the crowd funding for equity sections of the JOBS Act is also a hot ongoing topic that will be covered.Confirmed Speakers attending the Brussels and Rome Symposium series with David Drake. They are Not coming to Lake Como. Mr. Drake will summarize the topics covered.
Mr. Giulio Terzi di Sant’Agata, Minister of Foreign Affairs of Italy
Ambassador David Thorne, US Ambassador to Italy
Mr. Antonio Tajani, Vice President of European Commission.
Ambassador Miriam Sapiro, Deputy US Trade Representative
Giorgio Squinzi, President of Italian Confederation of Industry (Confindustria)
Mr Didier Herbert, Director, Directorate General for Enterprise and Industry, European Commission
Randy Mitchell, Senior Strategist for Private Equity and Venture Capital, US Commerce Department
Mr Giuseppe Tripoli, Head of International Department, Ministry of Economic Development (MiSE)
Ms Isabella Detwiler, Director for Europe, Office of the US Trade Representative
Mr. Joseph Englert, Chairman and President, Export Assist Inc, Board Member of the Small Business Exporters Association/National Small Business Assoc.
Mr Per-Ove Engelbrecht, Directorate General for Enterprise and Industry, European Commission
Mr Bruno Robino, Head of Region-Southern Countries Regional Business Development, European Investment Fund
Ms Dörte Höppner, Secretary General, European Private Equity and Venture Capital Association (EVCA)
Mr Paul Thurk, Managing Director with ARCH Venture Partners
Ms Signe Ratso, Director, Directorate General for Trade
Ms. Lori Cooper, Senior Policy Advisor, Office of the European Union, U.S. Department of Commerce
Mr Karel Havlicek, Vice President of the European Association of Craft, Small and Medium-sized Enterprises (UEAPME)
Mr Arnaldo Abruzzini, Secretary General, Eurochambres