Los Angeles Syndicate of Technology, Inc. is a technology incubator that builds web and mobile technology companies.
We develop businesses in digital media, consumer internet, and social networking at our beachside compound in Santa Monica, CA.
We supply our companies with the capital to cultivate their initial product, and provide hands-on support services to reduce startup costs and accelerate time to market.
Our services include product development and design, corporate formation and structure, and exposure to additional financing.
Office space, financial and accounting resources, marketing and branding, and legal guidance are provided as well.
By offering these services, our network of entrepreneurs are able to focus on developing their products. We believe that this structure offers the most value for entrepreneurs and the highest return potential to investors, and results in efficiencies in how companies are built and brought to market.
Our stock is publicly-traded under the symbol "LAST".
Portfolio LAST is the largest shareholder in all six of our portfolio companies. Our portfolio is valued at over $11.5 million.
Our strategy is to build and invest in web and mobile technology companies that will provide a minimum of a 20x return on investment. We believe that by developing technology internally and partnering with entrepreneurs at early stages in development, we can add the most value and generate the highest return. The following are key elements of our strategy:
• Guide our companies through the challenges of early development. We provide our companies with the capital to cultivate their product and grow into profitability. Beyond capital support, we reduce costs and time to market through managerial assistance, marketing resources, and technological collaboration. As the companies mature, we prepare them for subsequent financings or other liquidity events by providing strategic guidance, legal and accounting resources, and access to capital markets.
• Apply a structured investment process to our deployment of capital. Web-based technology is becoming increasingly capital-efficient, and our model is optimized to leverage this trend. By investing in the earliest stages of our companies' lifecycles we are able to generate significant returns with minimal capital investment.
• Create a network of entrepreneurs incentivized to collaborate. Once part of the our syndicate, entrepreneurs are offered equity interests in LAST. This shared ownership structure incentivizes every member of our network to collaborate. New concepts are developed at a faster pace, potential investments are vetted by a larger audience, technical challenges are solved by a wider support base, and increased productivity reduces costs and drive efficiencies in how our companies are built.
• Build a diverse portfolio of innovative and dynamic technology companies. The low capital investment requirement of our target industries, coupled with the short development timeline of technology companies, enables us to spread our capital base across a wide spectrum of investments. Through the construction of a diverse portfolio we believe we mitigate risk and enhance the value of our network.
LAST is founded on the principle that information sharing drives innovation, and that innovation fuels productivity and economic growth. We believe that value accrues when interests are aligned, and this credo manifests itself in every aspect of our company.
Our shared ownership structure incentivizes every member of our network to collaborate, which in turn dramatically increases the support capacity of our syndicate.
We align the interests of our portfolio companies through shared ownership and mutual benefit. By issuing each entrepreneur in our network shares of our common stock, we encourage collaboration and innovation, while expanding the support capacity of our syndicate.
By partnering with entrepreneurs at the earliest stages and giving them access to our support network, we believe we add the most value and will generate the highest return.
Bryce Knight, Chairman and CEO
Bryce has served as an officer or senior advisor to several publicly traded companies, specializing in investment management, corporate structure, business development, and SEC compliance.
Bryce graduated Magna Cum Laude with an M.B.A. and B.A. in Business from Bellarmine University, Rubel School of Business.
James Jago, CFO
James is the Company's Chief Financial Officer. He controls LAST's financial reporting and oversees our fixed income investments.
James is a CFA charterholder and graduated with honors from the A.B. Freeman School of Business at Tulane University with a Bachelors of Science in Management.
Tim Symington, CIO
Tim serves as the Company's Chief Investment Officer and is responsible for managing and monitoring the development of the company's investment portfolio.
Tim founded and was Chief Architect for Clowd, Inc., which was acquired by last.vc in 2010. While at Clowd, he designed the algorithms and infrastructure for measuring knowledge and influence amongst humans, for use in the search and advertising verticals.
Aaron Moore, COO
Aaron serves as the Company's Chief Operating Officer and oversees the operations of our portfolio companies
Aaron became a nationally recognized figure in the electronic discovery industry, and he worked on some of the largest and most historically relevant cases of the last decade.
Lee Fentress, VP
Lee serves as a Vice President of the Company and oversees business development for LAST's portfolio companies.
Prior to joining LAST, Lee worked as an Advance Associate for the White House, traveling both domestically and internationally for the President, the Vice President and the First Lady.
Paul Johnson, Director
Paul serves as the Independent Director for the Company.
Paul is a graduate of City College of New York and is a veteran of the Vietnam war.
Ernest Odinec, Advisor
Ernest is the Managing Director of SOL Capital Management Company in New York, NY.
He has developed investment strategies for a range of clients including a $50 billion defined benefit plan for a major public company.
Evan Vogel, Advisor
Evan is the Founder and Managing Partner of the Night Agency, an award-winning New York City based Independent Creative Advertising Agency.
Night Agency was named one of Advertising Age's top Independent Agencies in 2007 and recently named to the Inc. 500 / 5000 list of fastest -growing, private companies in the U.S..
Matt Reilly, Advisor
Matt is the President of Rough House Pictures, a film and TV production company, with Danny McBride, Jody Hill, and David Gordon Green.
He was recently named one of Hollywood's top executives 35 and under in The Hollywood Reporter's annual Next Generation issue.
Nick DeVito, Advisor
Nick is the COO of Xtreme Oil & Gas, Inc. (XTOG.OB)
He has deep technical experience and has successfully brought development stage products to market achieving over $250 Million in sales.
The Board of Directors of LAST sets high standards for the Company's employees, officers and directors. Implicit in this philosophy is the importance of sound corporate governance.
It is the duty of the Board of Directors to serve as a prudent fiduciary for shareholders and to oversee the management of the Company's business.
To fulfill its responsibilities and to discharge its duty, the Board of Directors follows the procedures and standards that are set forth in these guidelines. These guidelines are subject to modification from time to time as the Board of Directors deems appropriate in the best interests of the Company or as required by applicable laws and regulations. Small Cap Strategies Inc.
520 South Fourth Avenue
Lewisville, KY 40202-2577
CEO: Bryce Knight
Securities Transfer Corp.,
2591 Dallas Pky.
Frisco, TX 75034
Market Value1 $27,640,463 a/o Mar 27, 2012
Shares Outstanding 11,761,899 a/o Mar 06, 2012
Float 361,363 a/o Dec 08, 2010
Authorized Shares 100,000,000 a/o Dec 31, 2011 10k http://sec.gov/Archives/edgar/data/912844/000114420412014713/v305403_10k.htm
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