Villwock joins Legion Securities

Joined Legion Securities LLC as President/CEO

Jeff Villwock announced that he has joined Legion Securities LLC as its President & CEO.  Legion will privately place debt and equity securities through the direct solicitation of investors and ultimately through an approved Crowdfunding portal.  We intend to provide alternative investment products to individual investors through direct investment into companies and as we create a series of Legion Funds which will provide investors diversity and high yield current rates of return.  These Funds will be managed by our parent company, Legion Capital Corp. The founding Board of Legion Capital will include Jeff Villwock, Jim Byrd (securities attorney in Orlando who specializes in taking companies public), Shane Hackett (direct marketing expert in Kansas City with a database of over 6 million investors), Brad Hilton (grandson of the founder of Hilton Hotels and a technology expert), and Arlene Pfeiffer (long-time American Express executive). Legion Securities is in the process of acquiring a …

Crowdfunding

Growth Equity – Is Crowdfunding the Answer?

Crowdfunding is gaining a lot of press.  The SEC has finally come out with proposed rules and regulations to allow companies to raise growth equity through crowdfunding.  But is that the answer for most entrepreneurs in search of capital? It’s very important to distinguish between “investment crowdfunding” and “direct investor solicitation”.   Most people think of Kickstarter or similar web sites when thinking of “crowdfunding”.  On these sites, an entrepreneur may raise some capital as donations, giving investors back product or other promotions, but not equity in the company.  Generally the amounts raised are small. “Investment crowdfunding” rules were just issued by the SEC in October and won’t be effective until May 2016.  In investment crowdfunding, companies will be able to raise up to $1 million per year, and unaccredited as well as accredited investors can participate. While that’s a move forward and will surely seed a lot of companies, …

Federal Reserve

Fed to Investors: Economy So Bad, We Can’t Raise Rates 0.25%

When the Fed announced that rates will continue to be Zero, the stock market soared — for about an hour and then plunged.  Today down another 200+points. Why?  Real simple — The Fed actually said that the world’s economy is so fragile that a meaningless rate increase of 0.25% was potentially a real problem.  And I’ll give them credit for being right about this — had the Fed raised rates, the Dow probably would have been down 500 points instantaneously. Someone sent me this picture a couple of days back — and if a picture is worth 1,000 words, this one is probably what weighted on the Fed.                               This is downright depressing.  In the last 7 years, food stamp use has soared, as has the federal debt, the amount of money printed, student loans (which …

Meltdown

Déjà Vu All Over Again? Business Owner: 3 Actions to Take.

Yogi Berra was credited with saying, “It’s like déjà vu all over again.”  The market rout this afternoon (Tuesday, August 25, 2015) felt a lot like 2008.  How should a business owner react? While the 2008 crisis was triggered by credit issues in the United States, today’s crisis trigger is China and a plunge in commodity pricing.  Some of the commodity price pressure was also caused by a China slowdown, so at least for now, China is the epicenter of the crisis, rather than the US. If you are a business owner considering selling some or all of your business, or if you want to raise equity or debt capital, what does this mean to you?? If we go back and look at a variety of financial calamities, there is one common denominator.  Whether it is the Russian debt crisis, the Asian currency crisis, the 1987 market meltdown, or the …

Will the problems in Greece cause your plans to sell your business to change?

Greece: Potential Implication to Selling Your Business

If you’re like me, you’re tired of hearing about Greece and how this tiny part of the EU is upsetting equity and debt markets worldwide.  But if want to sell your business in 2015 or 2016, then you need to be alert to what’s happening beneath the headlines. As I write this today, the equity and debt markets are the strongest and most available since early 2007.  Private equity and corporate cash is at record levels and we are seeing more interest in good deals than perhaps at any time in the last 10+ years.  Debt is plentiful, cheap and relatively easy to get.  Prices are at or near record levels for private companies. Simply put … this may be the best time in at least 10 years to sell. But that could change in an instant.  If we take a look under the covers of the financial markets and …

Italian Perspective

Lessons of the Italian Perspective

In the past six months we have had the great opportunity to travel outside the US three times – to the Dominican Republic, Belize and now, Italy. I’m writing this shortly after 1pm on our seventh day of this beautiful country – sitting outside with a mozzarella and tomato sandwich watching the people go about their daily business, which at this time of day principally means eating lunch. Unlike the Dominican Republic, Belize and the rest of the Caribbean and Latin America, life in Italy is a different paradigm and it holds some valuable lessons for those of us living in the American culture. Our first day was in Rome set the stage for six days in the Tuscany region of the country. Rome was important as a first stop in that the age of the country & culture was reinforced everywhere we looked. Our tour guide explained that one …