The Securities and Exchange Commission (SEC) Small Business Capital Formation Advisory Committee has posted its agenda for its upcoming meeting scheduled for August 4th.
The SEC states that the Committee will focus its agenda on how capital markets are serving underrepresented founders, including minorities and women. The Office of the Advocate for Small Business Capital Formation is expected to share statistics and trends in capital raising across demographic groups. The Committee will then hear from founders and investors as they share their perspectives on capital formation.
A discussion will be held by Committee members regarding best practices and potential regulatory solutions to enable a more inclusive capital formation ecosystem.
The SEC says the current COVID-19 pandemic has put a spotlight on the importance of access to capital for small businesses across the country, and the Committee recently met to develop solutions that can support their short- and long-term capital needs.
The meeting will take place from 10 a.m. through 3 p.m. ET and will be webcast on SEC.gov.
The agenda is republished below.
Agenda: Meeting of SEC Small Business Capital Formation Advisory Committee
Access to Opportunity: How are Capital Markets Serving Underrepresented Founders
Date: Tuesday, August 4, 2020
Time: 10:00 – 3:00 p.m. (ET)
| 10:00 | Call to order; Introductory Remarks by Commissioners |
| 10:20 | Diversity in Entrepreneurship: An Overview of Statistics and Trends |
| 10:30 | Access to Opportunity: How are Capital Markets Serving Underrepresented Founders? Businesses need capital to grow and survive, whether that capital is self-financed, from customer revenue, or from third party sources, including investors. Many underrepresented founders, including minorities and women, struggle to access investor capital, which impacts opportunities to grow their businesses. The Committee will listen to and learn from the following speakers’ perspective on capital raising and support for underrepresented founders: (Speakers listed in order of appearance)
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| 12:30 | Lunch Break |
| 1:30 | Committee Discussion: Solutions for Inclusive Capital Formation. The Committee will discuss best practices and potential regulatory solutions to enable a more inclusive capital formation ecosystem, drawing from the perspectives shared by the morning’s speakers as well as Committee Members’ own professional and personal experiences. |
| 3:00 | Wrap-up and Adjournment |