WEBVTT - Study Hall: Raise Money for a Business without a Bank with Mike Brown 0:00:00.400 --> 0:00:04.280 You just realized your business needed to hire someone yesterday. 0:00:04.800 --> 0:00:09.520 How can you find amazing candidates fast? Easy? Just use Indeed. 0:00:09.960 --> 0:00:12.680 Stop struggling to get your job posts seen on other 0:00:12.760 --> 0:00:16.439 job sites. With Indeed sponsored jobs, your post jumps to 0:00:16.480 --> 0:00:19.000 the top of the page for your relevant candidates, so 0:00:19.120 --> 0:00:22.119 you can reach the people you want faster. According to 0:00:22.160 --> 0:00:26.120 Indeed data, sponsored jobs posted directly on Indeed have forty 0:00:26.120 --> 0:00:30.040 five percent more applications than non sponsored jobs. Don't wait 0:00:30.080 --> 0:00:33.519 any longer. 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We already have one 0:01:10.040 --> 0:01:13.000 hundred pass webinars. We already have weekly webinars, We already 0:01:13.000 --> 0:01:15.600 have our private investment group on Facebook. We already have 0:01:15.680 --> 0:01:18.240 monthly financial planning calls, we already have bi weekly real 0:01:18.319 --> 0:01:21.319 estate called. But what has been added to EYL University 0:01:21.319 --> 0:01:24.039 this year is access to MG the Mortgage Guys home 0:01:24.120 --> 0:01:26.720 Buyers Blueprint, which walks you through the home buying process 0:01:26.760 --> 0:01:27.320 from A to Z. 0:01:27.680 --> 0:01:30.080 And what also has been added breaking news alert. 0:01:30.080 --> 0:01:33.039 Everybody always has to be in our group chat and 0:01:33.319 --> 0:01:35.360 when we talk about all the investment plays that we 0:01:35.400 --> 0:01:39.120 are making. We are going to have investment calls, group 0:01:39.200 --> 0:01:42.040 chat calls with me, Troy and the whole team and 0:01:42.319 --> 0:01:45.160 walk you through our plays that we're making and give 0:01:45.200 --> 0:01:47.440 you insight into our portfolios. 0:01:47.800 --> 0:01:50.440 All of that for seventy five percent off. 0:01:50.440 --> 0:01:53.200 That's right, We are doing a lowout sales seventy five 0:01:53.200 --> 0:01:55.640 percent off for a limited time only. Go to eyl 0:01:55.800 --> 0:01:58.560 university dot com right now and sign up. 0:01:58.720 --> 0:02:02.560 See you on the other side, my graduates from my 0:02:02.640 --> 0:02:07.760 school being forced back drop drop, Mike. 0:02:07.720 --> 0:02:09.880 Drop, back drop drop. 0:02:20.440 --> 0:02:22.240 All right, so now we're gonna talk about something very 0:02:22.280 --> 0:02:25.840 interesting and something actually when you when you contacted us, 0:02:25.840 --> 0:02:27.040 you brought up a good point He's like, I don't 0:02:27.040 --> 0:02:28.639 think you talked about this, and like, you know what, 0:02:28.720 --> 0:02:35.399 we haven't talk about it, right, so, yes, equity crowdfunding. Right, 0:02:36.000 --> 0:02:39.040 so people might not be familiar with equity. Well, crowdfunding 0:02:39.040 --> 0:02:41.840 in general is a way to raise money from large 0:02:41.840 --> 0:02:45.240 amounts of people, right. So, like the most popular form 0:02:45.320 --> 0:02:48.680 is kickstarter. People things like that, Right, It's kickstarter where 0:02:49.040 --> 0:02:52.040 you kind of like a donation kind of charity thing. 0:02:52.120 --> 0:02:54.280 Sometimes you can give people like T shirts, but it's 0:02:54.320 --> 0:02:56.919 pretty much they're not getting nothing in return for that 0:02:56.960 --> 0:02:58.840 except for just good will they want to support you. 0:02:58.960 --> 0:03:03.600 Right now, Equity crowd funding is something that is new 0:03:04.000 --> 0:03:06.919 that came about from President Obama's Jobs Bill. 0:03:07.000 --> 0:03:08.919 Up, I'm not yeah, the Jobs Act. 0:03:08.880 --> 0:03:11.280 And yeah, so can you talk about that because it's 0:03:11.280 --> 0:03:12.000 pretty interesting. 0:03:12.160 --> 0:03:12.359 Yeah. 0:03:12.440 --> 0:03:15.679 No. So, you know, one of the any business, right 0:03:15.960 --> 0:03:18.960 particularly within in tech companies, right, you have to raise 0:03:19.040 --> 0:03:23.280 funding and for for you know, decades now, right. The 0:03:23.280 --> 0:03:25.760 way you do that is go to an investor, right. 0:03:25.840 --> 0:03:29.440 You pitch your vision to that one individual usually or 0:03:29.480 --> 0:03:32.800 a fund, and you know they make a decision on 0:03:32.919 --> 0:03:35.160 if they're going to give you the startup capital that 0:03:35.200 --> 0:03:37.600 you need to go build this thing, and in exchange, 0:03:37.960 --> 0:03:40.560 they get equity, right, they get ownership part ownership in 0:03:40.600 --> 0:03:43.280 the company. And that's how it's been done for ages. 0:03:43.360 --> 0:03:46.440 Now one of the things that it has created is 0:03:46.480 --> 0:03:49.800 a very big gap in terms of wealth and the 0:03:49.920 --> 0:03:55.480 access to generate wealth, right when you talk about angel investors, right, 0:03:55.520 --> 0:03:57.920 and again, trust me, like I've learned all of this 0:03:57.960 --> 0:04:00.600 stuff in the last five years. I didn't, Like I said, 0:04:00.600 --> 0:04:02.640 I don't even know what Silicon Valley was or the word, 0:04:02.760 --> 0:04:05.200 and so this was all things that I had to 0:04:05.240 --> 0:04:08.200 learn on the go. But when it comes to angel investors, 0:04:08.200 --> 0:04:12.040 these are basically wealthy individuals that are investing their own capital, 0:04:12.160 --> 0:04:14.600 like out their bank account. They they're investing in the 0:04:14.640 --> 0:04:15.840 companies getting equity. 0:04:16.440 --> 0:04:16.600 Uh. 0:04:16.640 --> 0:04:18.719 And then when those companies go on to do very 0:04:18.720 --> 0:04:22.320 well and get sold or i po then those angel investors, 0:04:22.320 --> 0:04:25.120 those wealthier, those wealthy votes get even more wealthy, right 0:04:25.120 --> 0:04:26.560 because they get a return on their capital. 0:04:26.640 --> 0:04:28.760 And so it was creating this gap. 0:04:28.839 --> 0:04:31.080 And and you know, shout out to Obama because he 0:04:31.279 --> 0:04:33.200 you know, saw that there was a disparity there and 0:04:33.480 --> 0:04:36.720 thought that anybody should be able to have access if 0:04:36.720 --> 0:04:40.040 they can access that deal, right, because there's there's there's 0:04:40.080 --> 0:04:43.839 part access, but then having the capacity to even get involved, right, 0:04:44.720 --> 0:04:48.760 and so he created the Jobs Acts, Right, it's jumpstart 0:04:48.800 --> 0:04:53.520 our business startups, and it is you know, it's it's 0:04:53.600 --> 0:04:55.480 actually a whole lot of different things. But one of 0:04:55.560 --> 0:04:58.680 the things in there is equity crowdfunding. And what it 0:04:58.720 --> 0:05:02.280 does is it gives founders of companies the ability to 0:05:02.520 --> 0:05:07.520 open up the fundraising to what they call non accredited investors. 0:05:07.520 --> 0:05:10.159 So that angel investor that I mentioned is going to 0:05:10.200 --> 0:05:13.680 be an accredited investor. And to be an accredited investor, 0:05:14.040 --> 0:05:16.279 you have to make two hundred and fifty thousand dollars 0:05:16.279 --> 0:05:18.000 a year or more at least for the last three 0:05:18.040 --> 0:05:22.480 years as your tax you know, paperwork will show or 0:05:22.520 --> 0:05:24.040 have a million in liquid ascents. 0:05:24.120 --> 0:05:25.640 Yeah, we can see how that could be a problem. 0:05:25.680 --> 0:05:27.159 Like especially in the communities we live in. 0:05:27.200 --> 0:05:28.680 It's like, how many people do we know that make 0:05:28.680 --> 0:05:32.760 two hundred and fifty thousand as a combined family somebody 0:05:33.320 --> 0:05:34.120 one person make. 0:05:34.040 --> 0:05:36.680 It and as a group, actually you can. 0:05:36.880 --> 0:05:40.200 You and your spouse collectively have to make three hundred thousand, right, 0:05:40.240 --> 0:05:42.479 and so they even make that bargain a little higher, 0:05:42.480 --> 0:05:45.279 and so or have a million in liquid assets. 0:05:45.320 --> 0:05:48.640 That's it. That's the only requirements to fifty million in assets. 0:05:48.600 --> 0:05:50.960 Or a million in liquid liquid, So it can't, but 0:05:50.960 --> 0:05:51.760 it basically can't. 0:05:52.680 --> 0:05:55.520 They got to be something like a retirement account on 0:05:55.680 --> 0:05:58.840 bank or stock stuff like that, things that you can. 0:05:58.720 --> 0:06:00.480 Look at the liquid at yeah quickly. 0:06:00.520 --> 0:06:04.080 And so that's you know that and honestly or like 0:06:04.120 --> 0:06:06.360 what I looked at in the research I've done, it's 0:06:06.440 --> 0:06:10.479 that's about eight or nine percent of Americans, right, And 0:06:11.279 --> 0:06:15.560 so the ninety one percent essentially right, can't can't even 0:06:15.600 --> 0:06:17.960 access that deal. Even if they know the founder of 0:06:18.279 --> 0:06:21.440 X y Z company. They can't you know, invest even 0:06:21.480 --> 0:06:23.359 if they havn't to have some load of cash that 0:06:23.440 --> 0:06:26.960 they came across or whatever. But so what Obama said is, 0:06:27.040 --> 0:06:30.640 you know, through the Jobs Act, now anybody should be 0:06:30.680 --> 0:06:33.239 able to access that. So in twenty sixteen is actually 0:06:33.279 --> 0:06:35.920 when they went through, and now you started to see 0:06:35.920 --> 0:06:40.120 the rise of these equity crowdfunding platforms. So the thing 0:06:40.200 --> 0:06:42.000 that you have to know is like if I run 0:06:42.000 --> 0:06:45.880 a tech company or startup, just because you know the 0:06:46.000 --> 0:06:48.320 Jobs Act exist doesn't mean you could just walk up 0:06:48.360 --> 0:06:49.960 and give me some money and say I want to 0:06:50.000 --> 0:06:50.680 be an investor. 0:06:51.120 --> 0:06:53.080 The companies have to go through. So this is all 0:06:53.120 --> 0:06:54.160 sanctioned by the SEC. 0:06:55.040 --> 0:06:57.159 You know, there's a lot of kind of formal terms 0:06:57.200 --> 0:07:00.159 I won't bore you guys with, but you have to 0:07:00.200 --> 0:07:02.839 go through a very extreme vetting process. So first, there's 0:07:02.880 --> 0:07:06.440 the platform. So you brought up a good point Kickstarter, Indie, 0:07:06.440 --> 0:07:10.880 go go, right, these are forms of crowdfunding. Go fund 0:07:10.960 --> 0:07:13.840 me is a crowd as a crowdfunding platform, right, and 0:07:13.880 --> 0:07:16.720 again to your point, you're raising money for something from 0:07:16.720 --> 0:07:17.800 a large crowd of people. 0:07:17.800 --> 0:07:18.400 Hence the name. 0:07:20.200 --> 0:07:23.600 The original of the crowdfunding itself was based on a 0:07:23.680 --> 0:07:26.840 rock band like yeah, they couldn't get money to go 0:07:26.880 --> 0:07:27.280 on tour. 0:07:27.480 --> 0:07:30.360 Oh yeah, so their fans came together to say, like 0:07:30.480 --> 0:07:33.600 let's fund them to at least have a tour to perform. 0:07:33.800 --> 0:07:34.760 Hen it's crowdfunded. 0:07:35.440 --> 0:07:40.040 Troy always comes with it was like a white elephant 0:07:41.680 --> 0:07:47.560 always comes with like these little does That's all right, 0:07:47.600 --> 0:07:48.560 so we back to the crowd. 0:07:50.200 --> 0:07:55.200 Yeah, so you know, crowdfunding as in and of itself exists, right, 0:07:55.240 --> 0:07:57.520 It has existed for some time, all the way back 0:07:57.560 --> 0:08:00.800 to the rock band. Right, and to your point, crowdfunding 0:08:00.840 --> 0:08:03.040 came in right when you and let's just draw a comparison. 0:08:03.120 --> 0:08:04.560 Let's take Kickstarter for example. 0:08:04.560 --> 0:08:07.640 This is a Kickstart is a company that enables you 0:08:07.720 --> 0:08:10.640 to run a crowdfunding campaign, right, and so you can 0:08:10.640 --> 0:08:13.080 put up your project, whether it's a film, whether it's 0:08:13.120 --> 0:08:16.480 a whatever it is, right and you can basically promote 0:08:16.480 --> 0:08:18.680 it and people will buy in and maybe you have perks. 0:08:18.760 --> 0:08:22.240 Like you said, now, the difference, right, you talk about 0:08:22.280 --> 0:08:26.880 equity crowdfunding. There are also platforms, right, so republic is 0:08:26.960 --> 0:08:29.400 one that is probably one of the more popular ones. 0:08:29.440 --> 0:08:33.120 There's others called we funder, you know a few others 0:08:33.240 --> 0:08:38.160 that you know allow you to have an equity crowdfunding campaign. Now, 0:08:38.200 --> 0:08:40.200 they have to go through a rigorous process to even 0:08:40.240 --> 0:08:43.240 be set up. But the big difference between those two 0:08:43.280 --> 0:08:47.600 platforms is that on Kickstarter, if I'm not mistaken, basically 0:08:47.640 --> 0:08:49.600 anybody can set that up. You can go in there, 0:08:49.720 --> 0:08:52.439 fill out the thing and then boom, launch your campaign 0:08:52.520 --> 0:08:53.160 and it's up to you. 0:08:53.200 --> 0:08:55.840 And you have to raise a certain amount to even access. 0:08:55.520 --> 0:09:00.520 To the capital for equity crowdfunding because these are technically 0:09:00.520 --> 0:09:03.640 public offerings right of shares in a company and a 0:09:03.640 --> 0:09:07.760 private company, it has to be sanctioned by the SEC. 0:09:07.920 --> 0:09:10.760 So it's a very rigorous process, right, I mean they 0:09:10.840 --> 0:09:13.760 dove deep into the financials and all the history of 0:09:13.760 --> 0:09:17.000 the company. H And then that's how you're able to 0:09:17.040 --> 0:09:19.360 even be accepted on one of the platforms, right like 0:09:19.520 --> 0:09:23.000 Republic for us. And then and really it's a it's 0:09:23.040 --> 0:09:26.040 a because basically I don't even know if we said it. 0:09:26.080 --> 0:09:29.920 What it means is equity crowdfunding enables anybody not a 0:09:30.000 --> 0:09:34.680 credited investors to invest into private companies for as little 0:09:34.760 --> 0:09:37.240 as you know, I think legally the minimum is like 0:09:37.400 --> 0:09:38.040 ten dollars. 0:09:38.120 --> 0:09:40.720 Yeah, now that's something that all right, So I don't 0:09:40.720 --> 0:09:43.640 want people to not understand this, so because I get 0:09:43.960 --> 0:09:46.000 I get this question on my DM so often, like 0:09:46.040 --> 0:09:48.480 when I post stuff about like Beyond Meat and like 0:09:48.679 --> 0:09:50.480 Lift and all of these stuff, and I post stories 0:09:50.520 --> 0:09:52.599 about like nas and like how he invested early, and 0:09:52.600 --> 0:09:54.920 people like, well, how can I invest in these companies early? 0:09:55.080 --> 0:09:59.160 For the most part, you really can't, right, like you said, 0:09:59.200 --> 0:10:03.160 I mean on that level is like angel investors and vcs, 0:10:03.640 --> 0:10:06.200 but even on the small levels and credited investors, so 0:10:06.240 --> 0:10:08.920 you have to be like a special kind of person 0:10:09.040 --> 0:10:11.160 for lack of a better word, to actually invest. But 0:10:11.280 --> 0:10:15.240 now it allows the general public crowdfunding allows the general 0:10:15.320 --> 0:10:20.120 public to invest in companies on the ground level, because, 0:10:20.160 --> 0:10:24.479 like you said off camera, one of the main disadvantages 0:10:24.760 --> 0:10:27.400 is that you're getting people that can invest in these 0:10:27.440 --> 0:10:31.200 companies and then when they go public, their percentage goes 0:10:31.280 --> 0:10:34.000 up like a thousand percent. But by the time the 0:10:34.040 --> 0:10:37.000 general public is in the stock market, they've already made 0:10:37.040 --> 0:10:37.920 them money that they're out. 0:10:38.240 --> 0:10:39.160 They're out the gay right. 0:10:39.320 --> 0:10:46.440 So and it's it's interesting because probably the most famous 0:10:46.480 --> 0:10:49.720 in our community person that has done that is Jay Morrison. 0:10:50.080 --> 0:10:53.160 He did a real estate crowdfunding with the Tulsa Real 0:10:53.240 --> 0:10:56.640 Estate Fund and he same thing. 0:10:56.720 --> 0:10:58.280 He raised money from. 0:10:58.200 --> 0:11:01.560 The crowd and I think like over ten million dollars 0:11:01.600 --> 0:11:03.080 in a very short period of time. So it's a 0:11:03.160 --> 0:11:07.839 very successful real estate crowdfunding fund campaign. But it's something 0:11:07.880 --> 0:11:11.679 for people to understand from two aspects of it. From 0:11:11.720 --> 0:11:15.240 a business owner, it's a way to raise money, right 0:11:15.280 --> 0:11:18.720 because financing is extremely important and it's hard to get 0:11:18.760 --> 0:11:21.520 bank loans, it's hard to get outside financing. So this 0:11:21.600 --> 0:11:24.319 is a way for business owners to raise large amounts 0:11:24.360 --> 0:11:27.200 of money. Now you're giving up equity in it, and 0:11:27.240 --> 0:11:30.000 we'll talk about that, but you know, you don't get 0:11:30.040 --> 0:11:32.080 nothing for something. You always have to do something. So 0:11:33.160 --> 0:11:36.840 and it's also a way for investors to invest in 0:11:36.840 --> 0:11:39.040 companies that they believe in and they think that can 0:11:39.480 --> 0:11:43.040 blow up because now you might put in ten thousand 0:11:43.080 --> 0:11:46.560 dollars on a company, but in five years that company, 0:11:46.679 --> 0:11:48.880 that percentage might be worth one hundred thousand because you 0:11:48.920 --> 0:11:50.400 got it on the ground level. And you as said 0:11:50.400 --> 0:11:55.640 something about Ben Harwitz, right, Ben Howardz If anybody's not familiar, 0:11:55.640 --> 0:11:59.480 he's a tech giant, VC giant, and he's good friends 0:11:59.480 --> 0:12:02.440 with NAS. He's one of the reasons why NAS is 0:12:02.880 --> 0:12:04.840 really blowing up. He's kind of like mentored him. I 0:12:04.840 --> 0:12:06.959 read some stuff about that If anybody's not Familion, Niles 0:12:07.000 --> 0:12:10.839 is doing this thing with Queensbridge Bridge. Yeah, and they 0:12:10.920 --> 0:12:15.640 invest in like lifting Ring pill Pack, all a lot 0:12:15.640 --> 0:12:21.120 of these companies. And so Ben is really into hip hop. 0:12:21.320 --> 0:12:23.800 He's like a hip hop head. And it was maatic 0:12:23.880 --> 0:12:26.439 from what I understand, is like one of his favorite albums. Ever, 0:12:27.320 --> 0:12:29.680 so he just he developed and Horror was not Black 0:12:29.760 --> 0:12:32.160 by the way, if you didn't know about the name. 0:12:32.080 --> 0:12:32.320 If. 0:12:34.520 --> 0:12:36.800 So, he's just the barbecue. 0:12:37.800 --> 0:12:42.520 So you were saying that it was crazy because roughly 0:12:42.840 --> 0:12:46.400 he invested like two point fifty into Instagram and then 0:12:46.520 --> 0:12:49.080 like two years later it was worth like eighty million 0:12:49.160 --> 0:12:49.720 or something like that. 0:12:49.800 --> 0:12:52.200 Right, Yeah, I mean, so I don't have any facts 0:12:52.280 --> 0:12:56.080 on this. Actually shout out the Chamellionaire if you know, 0:12:56.160 --> 0:13:00.720 Chamellionaire is really really been winning and this Houston's own 0:13:00.800 --> 0:13:03.960 ride dirty and you know he's been winning in the 0:13:04.000 --> 0:13:07.360 tech game and just real quick, you know he I mean, 0:13:07.440 --> 0:13:09.719 we were talking about a situation that happened I think 0:13:09.760 --> 0:13:13.480 twenty seventeen finals, right, and this is where it actually 0:13:13.520 --> 0:13:17.160 came out that you know, chamillionaires. Yeah because he because 0:13:17.160 --> 0:13:20.280 he yeah, he was you know he was court side, yeah, 0:13:20.320 --> 0:13:22.120 and like in the background of a picture. And it's 0:13:22.240 --> 0:13:24.920 how many ring tones did he sail at the finals 0:13:24.920 --> 0:13:27.840 game game five, you know, court side And people came 0:13:27.920 --> 0:13:30.320 and said, no, he's been early investor in Lyft, early 0:13:30.320 --> 0:13:32.720 investor in ring you know, early investor in the number 0:13:32.800 --> 0:13:36.520 of companies that have done well. And so you know, 0:13:36.600 --> 0:13:38.440 actually Chameleon I was the one that kind of you know, 0:13:38.520 --> 0:13:41.160 put this, put this kind of this data out and 0:13:41.160 --> 0:13:43.760 now I don't know, you know, the details and specifics 0:13:43.760 --> 0:13:46.079 on it. So let me make that clear, but there 0:13:46.120 --> 0:13:48.280 was a very sizeable return you know in the in 0:13:48.320 --> 0:13:50.600 the eighties of millions of dollars you know, based on 0:13:50.640 --> 0:13:54.360 that initial investments from what I hear. But it shows 0:13:54.400 --> 0:13:56.800 the power of equity ownership right and and now was 0:13:56.840 --> 0:13:59.080 I think with the with the real point that he 0:13:59.200 --> 0:14:00.960 was making is that you know, you have to be 0:14:01.040 --> 0:14:03.240 able to get in on the ground level, and for 0:14:03.280 --> 0:14:08.320 so long the price was so much higher than earners. 0:14:08.360 --> 0:14:08.720 What's up? 0:14:08.840 --> 0:14:11.280 You ever walk into a small business and everything just 0:14:11.440 --> 0:14:14.640 works like the checkout is fast, the receipts are digital, 0:14:15.160 --> 0:14:18.120 tipping is a breeze, and you're out the door before 0:14:18.120 --> 0:14:22.280 the line even builds odds are they're using Square. We 0:14:22.440 --> 0:14:25.000 love supporting businesses that run on Square because it just 0:14:25.040 --> 0:14:28.280 feels seamless. 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Don't wait, 0:15:08.400 --> 0:15:11.200 don't hesitate. Let's Square handle the back end so you 0:15:11.240 --> 0:15:17.560 can keep pushing your vision forward. This episode is brought 0:15:17.560 --> 0:15:19.480 to you by P and C Bank. A lot of 0:15:19.520 --> 0:15:23.080 people think podcasts about work are boring, and sure, they 0:15:23.160 --> 0:15:27.040 definitely can be, but understanding a professionals routine shows us 0:15:27.040 --> 0:15:30.680 how they achieve their success little by little, day after day. 0:15:31.680 --> 0:15:34.160 It's like banking with P and C Bank. It might 0:15:34.280 --> 0:15:37.160 seem boring to save, plan and make calculated decisions with 0:15:37.240 --> 0:15:40.240 your bank, but keeping your money boring is what helps 0:15:40.280 --> 0:15:43.320 you live or more happily fulfilled life. P and C 0:15:43.480 --> 0:15:48.640 Bank Brilliantly Boring since eighteen sixty five. Brilliantly Boring since 0:15:48.680 --> 0:15:51.360 eighteen sixty five is a service mark of the PNC 0:15:51.480 --> 0:15:55.400 Financial Service Group, Inc. P and C Bank National Association 0:15:55.640 --> 0:15:56.600 Member FDIC. 0:15:58.360 --> 0:16:02.040 An illegal alien from Guatemala charged with raping a child 0:16:02.080 --> 0:16:05.880 in Massachusetts. An MS thirteen gang member from al Salvador 0:16:06.120 --> 0:16:10.240 accused of murdering a Texas man of Venezuelan charged with 0:16:10.320 --> 0:16:14.200 filming and selling child pornography in Michigan. These are just 0:16:14.320 --> 0:16:18.080 some of the heinous migrant criminals caught because of President 0:16:18.120 --> 0:16:21.640 Donald J. Trump's leadership. I'm Christy Noman, the United States 0:16:21.720 --> 0:16:26.480 Secretary of Homeland Security. Under President Trump, attempted illegal border 0:16:26.520 --> 0:16:30.080 crossings are at the lowest levels ever recorded, and over 0:16:30.160 --> 0:16:33.360 one hundred thousand illegal aliens have been arrested. If you 0:16:33.440 --> 0:16:37.280 are here illegally, your next you will be fine nearly 0:16:37.360 --> 0:16:41.400 one thousand dollars a day, imprisoned and deported. You will 0:16:41.440 --> 0:16:45.080 never return. But if you register using our CBP home 0:16:45.120 --> 0:16:48.480 app and leave now, you could be allowed to return legally. 0:16:48.840 --> 0:16:49.680 Do what's right. 0:16:50.240 --> 0:16:51.120 Leave now. 0:16:51.440 --> 0:16:56.240 Under President Trump America's laws, border and families will be protected. 0:16:56.320 --> 0:16:58.480 Sponsored by the United States Department of Homeland Security. 0:16:58.640 --> 0:17:01.080 You know, most of our folks in the community could 0:17:01.120 --> 0:17:05.000 ever even think about investing. And so with the equity crowdfunding, 0:17:05.280 --> 0:17:07.560 that's where because it's coming from a crowd of people, 0:17:07.560 --> 0:17:10.199 you can make that price much lower, you know what 0:17:10.200 --> 0:17:12.960 I mean. And so for like for win win for 0:17:12.960 --> 0:17:16.160 two hundred and fifty dollars you can own equity, right, 0:17:16.200 --> 0:17:19.440 I'll be it a smaller portion compared to somebody that's 0:17:19.440 --> 0:17:22.320 putting in twenty five grand or two hundred and fifty thousand, 0:17:22.920 --> 0:17:24.960 but you know, it's all about having a slice of 0:17:24.960 --> 0:17:27.439 that pie, particularly if you believe in the company, if 0:17:27.440 --> 0:17:29.639 you believe in the mission, if you're going to be 0:17:29.680 --> 0:17:32.320 a consumer of it, right, and that to your point, 0:17:32.720 --> 0:17:36.080 the ninety one percent that aren't that are non accredited investors. 0:17:36.400 --> 0:17:39.399 They have to wait until it's already publicly traded to 0:17:39.480 --> 0:17:43.240 even you know, have some ownership, right, imagine being able 0:17:43.280 --> 0:17:45.119 to do that on the front end. But now you 0:17:45.160 --> 0:17:48.680 actually can. And that's where the equity crowdfunding, to your point, 0:17:48.720 --> 0:17:52.280 comes in, where we can raise money, particularly as black founders, 0:17:52.280 --> 0:17:56.120 we have now an alternative avenue to raise money from 0:17:56.160 --> 0:17:59.160 the crowd versus having to go to a very particular 0:17:59.440 --> 0:18:02.560 specific demographic of vcs and people. 0:18:02.840 --> 0:18:04.920 I'm glad you brought that com millionaire story up because 0:18:04.960 --> 0:18:07.960 it highlights a problem in the community. So it all 0:18:08.040 --> 0:18:10.000 started with the It was like the Golden State Final. 0:18:10.080 --> 0:18:13.200 Anybody knows finals tickets they cost a lot of money, 0:18:13.359 --> 0:18:16.760 like hundreds of thousands, Like it's crazy now hundred of thousands, 0:18:16.760 --> 0:18:18.400 but a lot of money, a lot of them. So 0:18:18.480 --> 0:18:21.600 he's front row at the finals, and it's like a joke. 0:18:21.680 --> 0:18:24.680 It's like, damn, how many how much ringstos did he sell? 0:18:24.720 --> 0:18:27.560 Like he has somebody here doesn't belong where feen years. 0:18:27.560 --> 0:18:30.360 But little do they know the guy's been making millions 0:18:30.359 --> 0:18:35.680 of dollars and investing in companies long after his musical 0:18:35.680 --> 0:18:37.679 career was over. So when they find that out, it's like, 0:18:37.720 --> 0:18:39.840 now it's not funny anymore. Right, So it's like a 0:18:39.840 --> 0:18:45.040 lot of times we highlight celebrities and entertainers, but like 0:18:45.080 --> 0:18:47.800 even if you look at that Jay Z and Beyonce 0:18:47.920 --> 0:18:51.680 at the front row, everybody knows them, but they're probably 0:18:51.800 --> 0:18:55.199 middle class for everybody else in the front row. Like 0:18:55.200 --> 0:18:57.520 the guy that got into the fight, nobody knew who 0:18:57.560 --> 0:19:00.840 he was. He worth eight billion dollars, just a random 0:19:00.840 --> 0:19:05.720 billionaireuntil he put It's like, how many people that you 0:19:05.760 --> 0:19:09.320 don't know are just billionaires? The one person that you 0:19:09.400 --> 0:19:12.080 do know just became a billionaire. Not not you know, 0:19:12.160 --> 0:19:15.240 no disrespect to James b. We love them, but that 0:19:15.400 --> 0:19:19.919 just goes to show you how much money it's out there. 0:19:20.160 --> 0:19:22.000 Right, Yeah, in the Trail. 0:19:24.520 --> 0:19:26.840 Hotel, right, And you know, and that's why I'm glad 0:19:26.880 --> 0:19:28.800 you brought that up, because when I was in the Bay, right, 0:19:28.880 --> 0:19:31.760 one of the things that I really actually appreciated, you know, 0:19:32.040 --> 0:19:34.639 relative to l A right, is that you didn't know 0:19:34.640 --> 0:19:36.639 who you was talking to or what you were doing. 0:19:36.720 --> 0:19:39.560 Like the money was just shown way differently, you know 0:19:39.560 --> 0:19:40.040 what I mean. 0:19:40.160 --> 0:19:42.720 And you just have people that were just grinding and 0:19:42.800 --> 0:19:45.720 hustling and building companies, and you know, you meet a 0:19:45.760 --> 0:19:49.200 guy just randomly looked like you know, random guys like yeah, man, 0:19:49.359 --> 0:19:53.119 you know, just sold my second company, Amazons. 0:19:53.440 --> 0:19:55.879 Words, you know what I mean, and drinks on you. 0:19:55.960 --> 0:19:58.960 Then you know what I'm saying, it's it's just a 0:19:58.960 --> 0:20:01.240 different it's a different mind said and to your point, 0:20:01.320 --> 0:20:04.080 like you know, like you said, it wasn't funny no more, 0:20:04.160 --> 0:20:09.360 you know what I mean. And you know, I think 0:20:09.400 --> 0:20:12.359 that I love these examples where you look at you know, 0:20:12.440 --> 0:20:14.520 a cha millionaire who and that's a great friend. 0:20:14.560 --> 0:20:15.840 Shout out to Cam and and by the. 0:20:15.800 --> 0:20:18.960 Way, he's he's an entrepreneur as well as an investor. 0:20:19.000 --> 0:20:22.480 He started his own tech app tech company called Convos, 0:20:22.840 --> 0:20:26.040 which I you know, suggests everybody go check out and download, 0:20:26.080 --> 0:20:29.240 and he's been building and feeding into the community, giving back, 0:20:29.680 --> 0:20:31.800