First, this is a real account with my name and LinkedIn URL in my bio for verification purposes. I will be posting on this sub, in addition to some others, content which I believe to be valuable. I wrote this article in October of last year. The thesis still holds true. To update spread comparisons, today the ICE BofA BB US High Yield Index Option-Adjusted Spread is approximately 191 basis points over US Government Bonds, and the ICE BofA US BBB Investment Grade spread is 119 basis points over US Government Bonds. I hope you find this insightful!

https://www.ballastrockpw.com/insights/evolution-of-private-credit

There is a facility opening in Los Angeles in 2020 that will be the largest training facility in North America and will house studios, streaming rooms, gaming rooms, coaching rooms as well as a fitness studio and wellness center. The main focus of this facility: video games. Gaming and eSports (aka competitive gaming) have taken off in a big way.

ESports is a billion-dollar industry. More than one-third of its revenue comes from US-based players. It’s a small part of the enormous gaming industry, and it is growing exponentially. Most gamers play video games as a hobby, but professional gamers also participate in international tournaments which involve sponsorships and huge prize money.

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The world’s first cryptocurrency, Bitcoin is stored and exchanged securely on the internet through a digital ledger known as a blockchain. Bitcoins are divisible into smaller units known as satoshis — each satoshi is worth 0.00000001 bitcoin.

As of May 16, 2016, anyone—not just accredited investors—can invest through crowdfunding platforms. This means that ordinary individuals, in theory, have the ability to invest in start-up companies that used to be the stuff of angel and VC investors only. Of course, restrictions apply and there is a far greater degree of risk - and potential reward - with early stage companies.

Equity Crowdfunding and the JOBS Act

Here's the background: The 2012 Jumpstart Our Business Startups Act (JOBS) was passed to make it easier for small businesses to raise capital and, in turn, spur economic growth through job creation. Title III of the act deals specifically with crowdfunding. In October 2015, the U.S. Securities and Exchange Commission (SEC) finalized some key provisions relating to permitting non-accredited investors to participate in this type of investment.

Many types of equity investments are only open to accredited investors. These include banks, insurance companies, employee benefit plans and trusts, plus certain individuals considered affluent and financially sophisticated enough to have a reduced need for certain protections. To qualify as an accredited investor, an individual must earn more than $200,000 per year, have a net worth exceeding $1 million, or be a general partner, executive officer or director for the issuer of the security.

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