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Rapid Immersion Program. The Opportunity Veterans Entrepreneurship & Small Business Development Act of 1999 (Public Law 106-50) Sections 501 and 502 mandate.

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Presentation on theme: "Rapid Immersion Program. The Opportunity Veterans Entrepreneurship & Small Business Development Act of 1999 (Public Law 106-50) Sections 501 and 502 mandate."— Presentation transcript:

1 Rapid Immersion Program

2 The Opportunity Veterans Entrepreneurship & Small Business Development Act of 1999 (Public Law ) Sections 501 and 502 mandate goals for federal contractors Veteran preference laws in contracting also apply to the financial services sector Large financial firms are willing to suballocate deal flow to veteran-owned firms but there arent enough VOBs and SDVOBs available 2

3 The Opportunity Americas primary bond dealers handle enormous bond deals U.S. government will eventually resolve TARP- related warrants and other instruments Pension plans must meet mandates for hiring VOBs and SBVOBs as emerging managers Veterans transitioning into civilian life have indicated a dramatic interest in participation in the financial services industry as entrepreneurs 3

4 Rapid Immersion Program The Rapid Immersion Program (RIP) will channel veterans into entrepreneurial opportunities as financial service subcontractors with financial sector firms and nationwide pension plan managers 4

5 RIP Key Concepts RIP – RIP mentors (Newmark, Alfidi, et al.) identify veterans working in or studying finance – Mentors screen veterans for entrepreneurial aptitude and business skills Initial internship – Financial firms and government sponsors bring in RIP recruits for three-month mentoring program in financial services, monitored by licensed veteran-owned financial firms – Modeled on internal management development programs of the host firms 5

6 RIP Key Concepts (cont.) Business Incubation – Upon recruitment, veterans plan to launch their own business Business Launch – Internship terminates with veterans business launch, veteran becomes eligible contracting partner of firm or pension plan and other institutions 6

7 WSRIP Logical Lines Of Operation Partner: Sponsoring Firm L1: Internship Goal: Professional Development L2: Incubation Partner: Financial resources Goal: Incorporation Final Objective: VOB fully accredited to handle financial deal flow 7

8 Marketing and Outreach AL Post 236 website VRC website Social Media – Facebook page Seminars – Student veterans clubs – Professional organizations (CFA Society, etc.) 8

9 Required Resources Post 236 schedule for mentoring sessions Financial community participation Seed capital for financial vetrepreneurs – Resources (grants, loans) – Private investors available to provide financing for equity stake (where legally responsible) Legal resources (large law firms have term sheet generators on their website) 9

10 Supporting Team Advisors – Anthony Alfidi, Commander, AL Post 236 – TBA 10

11 Timeline to Execution Identify sponsoring resources and pension plans: 01 MAR 12 Launch WSRIP: 01 JAN 13 Recruit vetrepreneurs: 01 DEC 12 Confirm financial resources: 01 SEP 12 11

12 Contacts Anthony Alfidi, AL Post 236 Phone: (415)


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