Your Mark On The World

Read the full Forbes article and watch the interview here: http://onforb.es/20oZ1Ls. Subscribe to this podcast on iTunes by clicking here: http://bit.ly/ymotwitunes or on Stitcher by clicking here: http://bit.ly/ymotwstitcher. Last fall, the IPO market “fizzled” and 2016 has seen the broader market fall well into “ correction” territory (representing more than a 10% drop from the peak). That hasn’t stopped Elio Motors from raising over $16 million in a “mini-IPO” with help from StartEngine. Elio Motors, founded by Paul Elio, is developing a sub-$7,000, three-wheeled vehicle that seats two people and gets 84 miles per gallon. Last summer, Elio “tested the waters” and found interest of over $27 million (a spokesman says the tally reached $45.6 million). With the SEC’s official sanction, Elio launched their regulation A offering, something of a cross between a traditional IPO and investment crowdfunding, just as the market began to stumble. Elio explains that as with a traditional IPO, the shares will trade