Image: Chair Carla Garrett and Vice-Chair Jeff Solomon lead the Committee in the development of recommendations at the August 13, 2019 in Omaha, Nebraska. Source: SEC.
Washington D.C., Jan. 28, 2020 —
The Securities and Exchange Commission today released the agenda for the Tuesday, Feb. 4, 2020, meeting of its Small Business Capital Formation Advisory Committee. During the meeting, the committee will continue to explore funding gaps that impede growth opportunities for entrepreneurs and job creators. To help analyze these gaps, the committee will explore detailed data on public and private companies, investors, funds, and investment activity to examine how entrepreneurs’ diverse capital needs are being met and where policy solutions may be needed. The afternoon session will feature speakers from two smaller regional funds as well as an entrepreneur.
The committee was established to provide the Commission with advice and recommendations on Commission rules, regulations, and policy matters relating to small businesses, from privately-held emerging companies to smaller public companies. Additional information on the committee, including its members, is available at the committee website, sec.gov/page/small-business-capital-formation-advisory-committee.
The meeting will begin at 9:30 a.m. ET at the SEC’s headquarters at 100 F Street, N.E., Washington, D.C., and is open to the public. The meeting will be webcast live at sec.gov/news/webcasts.htm and archived on the committee’s website for later viewing.
|9:30||Call to order; introductory remarks by Commissioners|
|9:45||Overview of Annual Report from the SEC’s Office of the Advocate for Small Business Capital Formation|
|Jenny Riegel, Special Counsel in the SEC’s Office of the Advocate for Small Business Capital Formation, will provide an overview of the Office’s FY 2019 Annual Report, with a focus on the state of small business capital formation. The report includes data from various segments of the market, including small emerging businesses, mature and later-stage businesses, and small public companies, as well as data on challenges faced by minority- and women-owned businesses, businesses in communities affected by natural disasters, and rural businesses.|
|10:00||Exploration of Small Business Capital Markets Data and Challenges Faced by Small Businesses and Their Investors|
|In prior meetings, the Committee members have discussed where gaps that impede growth opportunities for entrepreneurs and job creators exist in the allocation of capital from investors to small businesses. Data will assist the continuation of that analysis.|
|Speaker: James Gelfer, Senior Strategist, Lead Venture Analyst, PitchBook. PitchBook is a financial data provider that collects and analyzes detailed data on the venture capital (VC), private equity and M&A landscape – including public and private companies, investors, funds, investments, exits, and people. James launched PitchBook’s VC coverage in 2012 and currently leads PitchBook’s research initiatives in private equity, venture capital, and emerging technologies.|
|1:15||SEC Office of Minority and Women Inclusion|
|Pamela Gibbs, Director of the SEC’s Office of Minority and Women Inclusion, will provide the Committee with an introduction to the Office and discuss how they collaborate with the Office of the Advocate for Small Business Capital Formation and other SEC teams on outreach events and initiatives.|
|1:30||Local Capital Availability for Early Stage Companies and the Role of Regional Funds|
|The Committee will discuss various challenges that entrepreneurs face in raising capital and that funds experience in supporting the emergence of small businesses during critical capital raising milestones.|
|Darcy Howe, Founder and Managing Director, KCRise Fund, LLC. KCRise Fund is a co-investment fund which invests with institutional VC partners in early-stage companies in Missouri and Kansas.|
|John C. McIlwraith, Managing Director and Co-Founder, Allos Ventures. Allos is a VC firm focused on investing in early-stage software and tech-enabled business service companies in the Midwest.|
|Darnell Smith, Founder and CEO, Mojo. Mojo is a marketing consultancy and creative firm that specializes in strategic advisory services. Darnell will discuss his experiences with raising capital.|
|3:30||Wrap-up and Adjournment|