Jim Harrer

STARTUPS, TURNAROUNDS, APPDEV, AGILE & LIFE...

Inventor lighting up Kickstarter with a new approach to illuminate bike wheels for safer night time riding.

Introducing the Nori Lights - Bicycle Illumination System

San Diego Kickstarter and Inventor, Chris Flynn, came up with a smart way to Illuminate your bike wheels, letting drivers recognize you instantly at night. Well all know that tiny front and rear lights are not enough. Check out this video:

I know Chris Flynn, he's family, as Nori is my Uncle Nori.  I'll be the first to tell you that Uncle Nori would be very proud of Chris.  You can trust Chris to deliver on his promises and deliver on your pledge.  I would appreciate if you would support this project, by:

  • Telling your friends about it.  Add the link to your Facebook, Twitter, Google+ and LinkedIn profiles.
  • Buy a Nori Light System if you own a bike, purchase a tee shirt if you don't.
  • Forward this link to one bike shop in your area. Look them up on the web and send them an email via their contact us page.

Let's start another small business in America.  Please support this project today.

Thank you!

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Guest — Chris Flynn
Thank you so much Jim. Your support, kind words, and encouragement had a direct influence in this projects success. I am so excit... Read More
Sunday, 04 November 2012 12:12 AM
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DVR Captures over-the-air HD Programming, Simple.TV - Another Kickstarter Project

The Living Room continues to evolve.

I likely have a very common living room which consists of a 55" Sony HD TV, XBOX 360, LG BluRay DVD, Apple TV and a DirecTV HR21 DVR. My DirecTV cost $121.99 per month, a whopping $1,463.88 per year.  When it comes to programming, we have DirecTV's Choice Xtra package which includes 195 channels, HD and DVR features. In reality, my wife and I watch primarily 13 channels.  We've tried to cut the cord and live off of Amazon Prime, Hulu Plus and AirPlay from our iPad to Apple TV, but it has it's drawbacks.  One drawback I would like to address in this blog is content from the major networks (ABC, NBC, CBS, FOX and PBS).

Introducing Simple TV (known as Simple.TV as in http://www.Simple.TV)

Assuming you can receive HD signals from the major networks at your home or office, Simple.TV is a small device that captures these signals, converts them to digial and stores them on a network storage device.  Simple.TV does not plug into your TV, it connects to your home network via an Ethernet port, an HD antenna or basic cable connection, a USB 2.0 Port for an external drive and power.  As I understand it, once connected it will appear as another media device on XBOX, Roku or iPad.  It records full 1080p HD Video and allows you to watch live TV from any of these devices.  You can also purchase their programming guide service for $4.99/month and schedule programs to be recorded just like any standard DVR.

SimpleTV

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Details on the CrowdFunding aspects of the 2012 JOBS Bill.

crowdfunding-1Yesterday, President Barack Obama signed into law the Jumpstart Our Business Startups Act (JOBS), a measure that includes U.S. Sen. Michael Bennet's "crowdfunding" amendment, easing securities regulations in a variety of ways with the goal of aiding small businesses. Many of us have been pushing for easing the requirements needed for startups to raise initial seed money from the public.

In the past several years, the term “CrowdFunding” has been kicked around. The website Kickstarter is jumped out as the clearer in the space creating a marketplace for startups and users to barter startup capital for products or other incentives, other than equity.

It’s always amazed me that anyone could go to Las Vegas and invest $1,000 on the craps table, yet if that same person wanted to invest $1,000 in a startup, they needed to be an accredited investor, meaning you must make $200,000k a year (for the past 3 years) or have a liquid net worth of $1 million or more. The JOBS Act removes this barrier.

Now for the first time in the United States the average Joe Investor (non-accredited) can make investments based on their income or net worth. Companies will be able to raise up to $1 million in a 365 day period.  There are some requirements we know about already, they include:

  • Companies must provide CPA reviewed tax returns or audited financials based on the amount they raise, here is the breakdown:
    1. Less than $100K: You are required to provide your income tax returns and have your financial statements certified by your CEO.
    2. $100K to $499K: Your financial statements will need to be reviewed by a public accountant.
    3. $500K to $1 Million: You will need to provide the investors with audited financials.
  • Companies must have a defined communication plan to communicate with its investors. Since investors can’t look up a stock symbol to get their news, another plan must be developed.
  • No single investor invests more than a specified amount in the offering, namely:
  1. The greater of $2,000 or 5% of the annual income or net worth of the investor, as applicable, if the investor has annual income or net worth of less than $100,000; or
  2. 10% of the annual income or net worth of the investor, as applicable, if either the annual income or net worth of the investor is equal to more than $100,000, capped at a max of $100,000 invested.
  • The websites offering CrowdFunding services must register with the SEC as a Registered Broker or “Funding Portal”.

There are a lot of additional conditions, including background checks on the issuer. For a complete list, check out CrowdSourcing.Org

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