- Boalt Law Professor William Kell speaking about a diagnostic model to help social entrepreneurs assess business and legal needs
- Founder of Starter Law, Pietari Grohn, speaking about 3 ways investors fund social entrepreneur startups
- Partner at Hanson Bridgett (which is a B corporation), Jonathan Storper, speaking about benefit corporation legislation in California
- CEO of Cutting Edge Capital and Managing Director of Katovich Law Group (both of which are B corps), Jenny Kassan, speaking about ways for social entrepreneurs to raise money
1. Try to avoid falling under purview of securities laws. For example, offer donations for a perk, lend money without interest, pre-sell product.
2. Form partnerships with local governments and non-profits. An example of this is Mandela Foods in Oakland partnered with a local non-profit to raise funds. Enables joint application for certain grants.
3. Structure the business as a co-op. Most states have certain exemptions for cooperatives, including exemption from securities registration requirements.
(note: see Namaste Solar co-founder talk about what it is like to be a co-op here)
4. Do a direct private offering, but have a different audience. This could involve offering an investment without public advertising, or raising capital from unaccredited investors using state exemptions.
5. Do a direct public offering. Do full securities law compliance–like IPO but there is no intermediary. This method may enable entrepreneurs to seek funding from broader base of investors.