Why Raising Capital May Require Strategies - Isaac Hayes

Social Proof Podcast

Social Proof Network

Business, Entrepreneurship

4.9 • 2K Ratings

🗓️ 2 March 2023

⏱️ 18 minutes

🔗️ Recording | iTunes | RSS

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Summary

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Isaac Hayes III, Songwriter, music producer, voice-over artist, radio host, blogger

Son of the late Isaac Hayes Jr.

Creator of the Fanbase App

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Transcript

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0:00.0	So COVID hits, and I said, I'm not raising no money from VCs,
0:04.2	but we're mirrors like, man, we got to raise some money.
0:05.7	So if you don't know who Dawn Dixon is, so Dawn was the very
0:09.8	first woman to raise a million dollars in equity crowdfunding.
0:12.6	She took advantage of a regulation, um, signed in the law by
0:16.7	Barack Obama and Joe Biden called the Jobs Act.
0:19.8	And so the Jobs Act was legislation that allowed people to raise
0:24.0	capital for their businesses from the general public.
0:26.5	Here's the biggest scam of all time, ladies and gentlemen.
0:29.3	In about 1933, um, they came up with a term called an accredited
0:35.1	investor. Yes. That means to protect the general public from
0:39.7	squandering their wealth on bad investments or making about it.
0:43.3	Yeah. Right.
0:44.1	Right. Mag bad investments.
0:45.7	You have to make $200,000 a year for two consecutive years or
0:49.2	have a net worth of a million dollars in 1933.
0:52.2	I think you got to undo a color as classism.
0:54.5	It's like right after the Great Depression.
0:55.7	Doesn't matter, right?
0:57.3	So the, the IBMs of the world and the Microsoft and the
1:01.7	apples were all funded by already rich people that had the
1:05.3	first chance to invest, right?
	...

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