OPPORTUNITY HUB AIMS TO BE THE NATION’S FIRST CROWD INVESTED ECOSYSTEM FOR INNOVATORS, ENTREPRENEURS AND INVESTORS WITH THE LAUNCH OF ITS #1000FOUNDERS CAMPAIGN. #1000FOUNDERS AIMS TO BE THE LARGEST EQUITY FOCUSED CROWDFUNDING RAISE TO DATE FOR THE GENERAL PUBLIC TO INVEST IN A BUSINESS.
(Atlanta, GA) // May 1, 2014 // FOR IMMEDIATE RELEASE
The Opportunity Hub (OHUB), a coworking space located in downtown Atlanta has launched its much anticipated equity capital raise using The State of Georgia’s Invest Georgia Exemption (IGE) intrastate “Crowdfunding” rules on Sparkmarket. The purpose of IGE is to provide Georgia based entrepreneurs with expanded access to much needed capital in order to develop new business ventures, expand existing ones and create more Georgia jobs from Georgia investors – accredited and non-accredited.
President Barack Obama signed the “game changing” Jumpstart Our Business Startups (JOBS) Act into law on April 5th, 2012. In what the President and both sides of Congress called a “game changer”, entrepreneurs, crowdfunding portals and investors knowledgeable of the law have been patiently waiting for the part of the law (Title III) that allows the general public to legally buy stock in startups to be ruled on by the Securities and Exchange Commission (SEC). As the SEC continues its ruling process for companies to raise capital-using equity based crowdfunding, states like Georgia, Kansas, Michigan, Maine and Alabama have passed intrastate equity crowdfunding exemptions to speed up the flow of capital to companies that really need it.
Rodney Sampson, an angel investor, creator of Sharktank’s diversity and inclusion initiatives, author of the best selling book KingonomicsTM and cofounder of Opportunity Hub, calls it the “startup stock market”. As an early national advocate and respected influencer in crowdfunding, Sampson convinced his other cofounders and advisors that now is the time in history to establish equity crowdfunding as a precedence for addressing the access to capital gap by creating and educating a nation of “micro-angels” that use intra-state exemptions and the JOBS Act to invest in startups they believe in and support.
Opportunity Hub will use the monies raised for working capital, to launch its accelerator and expand to a second location. Startups selected to participate in the accelerator must learn how to how to code, be “coachable”, ready to work non-stop and have a scalable business opportunity. The minimum Opportunity Hub has to raise to close the round is $50,000. The maximum it can raise according to its Offering Circular is $600,000. To date, the most capital raised using Georgia’s crowdfunding law is $129,000 by Bohemian Guitars. Opportunity Hub aims to break this existing record by tapping into its growing network of micro-angels, startups and stakeholders.
“In Atlanta and cities throughout the country, startup ecosystems are still emerging and evolving. Most lack collaborative spaces to work. Seed capital is almost non-existent. Finding experienced mentors is challenging and fostering diversity – cultural and industrial – is tough. Opportunity Hub will use Georgia’s intrastate exemption to reverse engineer and create a vibrant ecosystem that will provide our members with great space (shared and private), mentorship, expert knowledge and access to capital”, says Rodney Sampson, one of Opportunity Hub’s Cofounders.
Creating an ecosystem dedicated to industries that integrate technology rather than focus solely on technology is Opportunity Hub’s aim. Another definitive goal is to shape the mindset of its members to understand the Kingonomics philosophy of “investing in an ecosystem in order to withdraw from it.” In a culture where entrepreneurs are encouraged to aggressively pursue OPM (other people’s money) – many times without a team, business model or customers – understanding and embracing this principle is critical to the success of a thriving ecosystem. It must have investors.
“A diverse ecosystem must start with a diverse team and key advisors”, says Earl Coleman, OHUB Cofounder and resident millennial. Other Cofounders include Griffin based technology angel investor, Bradley Kirkland and consumer products investor, Brandon Rickman. Key advisors include Vincent Russo (author of Georgia’s crowdfunding law), KP Reddy (Director, Atlanta Technology Development Center), Jerry Hicks (Founder, Hicks Clark Accounting), Paul Judge (Founder, Tech Square Labs), Benj Miller (Owner, EyeSpeak), Annette McClellan (Founder, Annette McClellan Advisors), Toby Morning (Founder, Citizen Space) and Judy Robinett (Board, Springboard & Illuminate Ventures).
Sampson believes the perfect investors will be co-founders of startups or early stage companies, advisors to startups, angel investors, marketplace leaders & influencers, community and neighborhood organizations, large corporations and suppliers engaged in innovation, ecosystem service providers, entrepreneurial enthusiasts, aspiring entrepreneurs, business professionals, MBA’s and college students interested in entrepreneurship and investment. In addition to stock in Opportunity Hub, investors will also receive perks such as free co-working membership, discount on private offices and space rental for meet-ups or events and access to office hours, classes and curated panels with mentors.
Only Georgia residents can buy shares. Would be investors that exist outside of the state of Georgia aren’t completely out of luck. Perks and rewards will be offered for out of state supporters. There are always future rounds as well as Opportunity Hub continues to expand its footprint throughout the United States and abroad. Markets that have expressed interest in Opportunity Hubs include Chattanooga, The District of Columbia, Baltimore, Detroit, Charlotte, Austin and Columbus.
To learn more about investing and supporting, please visit http://www.1000Founders.com.
This is not an offer.