BREAKTHROUGH IN FIGHT AGAINST COVID19
On March 31, 2020, Businesswire published the article,
Ostrich Pharma USA Produces Antibodies to Block the Virus that Causes COVID-19.
*Ostrich Pharma USA, under the trade name “OstriGen,” is exploiting the powerful immune system of the ostrich to develop a revolutionary class of treatments and prophylaxes that are highly effective and economical.
our clients are making headlines
Saliva Collection Devices Market is Booming by Quest Diagnostics, Neogen Corporation, AboGen, Inc., OraSure Technologies, Inc., Oasis Diagnostics Corporation
Epica International, Inc. Announces U.S. FDA 510(k) Clearance for its Multi-modality, Mobile Computed Tomography Imaging Platform, SeeFactorCT3™
Epica talks about Vimago
Fatsack Outdoors Receives SC Launch Investment
SC Launch, Inc. Invests in Fatsack Outdoors
Feb 26, 2019: Fatsack Outdoors, a Greenville-based IT company, recently received a $200,000 SC Launch, Inc. investment.
This is the first investment for the company that was accepted into SCRA’s entrepreneurial program, SC Launch, in August 2016.
Read the full story HERE
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IN OTHER NEWS
SEC Expands Qualifications For Accredited Investors
Article by Sophia Kunthara, posted on the Crunchbase website 8-26-20 Click HERE to view original post
The U.S. Securities and Exchange Commission said Wednesday that it has expanded the definition of an “accredited investor,” allowing people with professional knowledge, experience or certifications to qualify as accredited investors.
The new amendments to the accredited investor definition also increases the list of entities that can qualify as accredited investors.
“For the first time, individuals will be permitted to participate in our private capital markets not only based on their income or net worth, but also based on established, clear measures of financial sophistication,” SEC Chairman Jay Clayton said in a statement. “I am also pleased that we have expanded and updated the list of entities, including tribal governments and other organizations, that may qualify to participate in certain private offerings.”
Previously, the SEC rules defined an accredited investor as someone who earned more than $200,000 annually for the past two years or more than $300,000 combined with their spouse. It also included people who had an individual or combined net worth of more than $1 million, excluding the value of their home.
The rules governing accredited investors are designed to protect individual investors. They’ve operated on the idea that the private markets are riskier and less transparent than public markets and that only higher net-worth investors should thus be able to participate. But the regulations have also drawn criticism for being too exclusionary and keeping investment opportunities among the wealthiest people.
How Angels Lay the Groundwork for the Rest of VC
Posted by Pitchbook: https://my.pitchbook.com/viewnewsletter/I5PUV-BE857/pevc
The amount of capital investors commit to angel deals pales in comparison to later stages of the venture ecosystem. But that fact belies the impact angel investors can have on a young company. Between 2006 and 2014, roughly 74% of startups that raised their first capital from angel investors went on to close follow-on fundings, compared with 59% of startups without angel backing.
Who are these angel investors helping the next generation of companies get off the ground? How do angel groups compare to individual angels? And how have they fared in 2020? PitchBook's latest analyst note offers a full examination of the foundational role angel investors play for the whole of the VC industry:
Trump Signs Measure to Repeal Medical Device Tax
Click on the image to read the article
December 23, 2019: MDDIonline, Omar Ford:
"The medtech industry is now in the clear to move past one of the biggest issues it has faced in recent years. The proposed 2.3% tax on medical device sales have been eliminated because of a new federal spending package signed into law by President Trump late last week."
Benefits Of Ostrich Meat:
Why The World Is Ditching Beef And Chicken For It!
Parhlo Article ByJawad Minhas
Click on the image to read article or visit: https://www.parhlo.com/benefits-of-ostrich-meat-you-must-know/
The Benefits of the Small Business Audit Correction Act
The number of broker-dealers in the U.S. declined by 29 percent between 2003 and 2017. Over the same period, the size of the economy (as measured by real, inflation-adjusted gross domestic product) grew by 29 percent.
This matters because it leads to greater concentration and less competition in the financial services industry. But it also matters because the small-broker dealers leaving the industry help entrepreneurs raise capital. These entrepreneurs are the source of a large share of the innovation, dynamism, and job creation in the economy.
Don't Over-Optimize Fundraising
"Many founders approach fundraising as they would a math problem. They think that there’s a single correct answer. This usually leads to over-optimization, which is a mistake. Optimization presumes that incremental changes improve fundraising and/or company outcomes. It does not.
Because fundraising is never the deciding factor in the success of a company, founders should instead look to use a regret minimization function when fundraising."
Read the article by Aaron Harris HERE
Unicorns Distract Us From a Graveyard; Venture Capital Article
"Venture capital’s reliance on unicorns provides cover for the huge failure rate of startups, and investors make no effort to reduce it.
Venture investing is fundamentally uncertain. You’re making big bets on people, ideas, and markets that might never work out, and there are more ways to fail than succeed. As a result, investing has to take into account the likely failure of many efforts."
Read the entire article from Medium Venture Capital, by Luke Kanies HERE.