Doug Colvard: Cryptocurrency and Tokens

Doug Colvard

About Doug Colvard:

Doug Colvard is a lawyer with Fourscore Business Law and primarily practices in the areas of corporate and business law. Prior to joining in 2018, Doug worked for several years in the financial services industry, focusing primarily in the derivatives and prime brokerage space before leaving to join Fourscore. Prior to his legal career, Doug worked at a venture-backed startup, in investment banking, and was an educational consultant.

Doug advises and assists enterprises ranging from start-ups, middle-market companies, and multi-national corporations across a broad range of industries including finance, technology, healthcare, manufacturing, advertising, and software to name a few. Doug also regularly assists closely-held businesses in a wide variety of contexts including business formation and organization.
About Fourscore Law
Fourscore Business Law handles the majority of our clients’ work internally. Our experience serving as outside general counsel for our clients allows us to efficiently work with highly-talented lawyers outside our four walls, when necessary, to deliver an excellent customer experience that entrepreneurs, investors, and business people love. The team is in growth mode, and we intend to retain the Fourscore Principles as we expand.

  • Understand who you are. Fourscore is a customer service company. We just happen to be lawyers. Fourscore lawyers build relationships, not client lists. Serving our communities is a way of life, as is living responsible and sustainable lives with our families, clients, and co-workers.
  • Understand your environment and find a pain point.
  • Clients and lawyers alike hate the billable hour. Ruthlessly stamp it out of any situation in which it isn’t absolutely necessary.
  • Lawyers are notoriously slow and unresponsive. Be proactive with communication.
  • Business people hate it when lawyers (a) make things more complicated than necessary and (b) talk down to them. Do the opposite – use Lincoln’s “fourscore principle” to make the complex understandable. Be approachable.
  • Do excellent work. Whether we are representing a Raleigh tech startup, a small business in Durham or a venture capital fund investing in a Silicon Valley company, Fourscore lawyers take every opportunity to use our experience, training and common sense to do our best work, every time.
  • Provide value in unexpected ways. Fourscore Business Law leverages useful technology to increase efficiency in our workflows and make life (and business) easier for our clients. We love connecting clients and friends, helping our community build their work together.
  • Be mission-driven. Our mission is to be the law firm that changes the public perception of lawyers.

Through our extensive experience working with entrepreneurs, investors, and business owners, we understand that predictable pricing is important and that helping our clients budget for legal services is part of our job. To that end, we offer flat-rate pricing on many projects and when we must bill by the hour, we always provide good faith estimates and commit to keeping our clients up-to-date on their legal spend. Just like Honest Abe. Based in the Research Triangle region of North Carolina, Fourscore Business Law serves entrepreneurs and businesses in Raleigh, Durham, Chapel Hill, Wilmington, Charlotte and throughout the Southeast. We also represent venture capital funds and other investors who invest in companies located in New York, Silicon Valley and everywhere in between.

Social Media

Talking Points:
Crowdfunding, Equity Financing, Fundraising, ICOs/Cryptocurrency

Entrepreneur Profile: Foosye’s Ray Chow


Ray Chow

Ray Chow is the Chief Food Truck Officer (CFTO) and Co-Founder of foosye®. He spent more than 20 years in the restaurant industry before buying his first food truck more than 4 years ago. Ray is recognized across NC for his passion for food, and eagerness to mentor and coach new entrants in the food truck industry. Ray is our chief food truck ambassador, subject matter expert and perpetual cheerleader. He is passionate about eliminating Drive, Park and Pray™ for himself and his peers in the mobile food industry.

Ray Chow

Tuesday, April 10, 2018 Ray Chow talks about Foosye and Crowdfunding Campaigns.



Listen to Ray Chow’s Success Story and Foosye background interviews.

LISTEN NOW June 2015 Program


LISTEN NOW May 2017 Program

Jim Verdonik and Benji Jones: Blockchains, Cryptocurrency and Initial Coin Offerings

Jim Verdonik
Benji Jones


Jim Verdonik and Benji Jones lead Ward and Smith P. A.’s Securities and Fintech groups. These groups include Crowdfunding Blockchain/COINS teams. We are also leaders of the Raleigh Blockchain Working Group of E4 Carolinas a networking group for new energy businesses.

They have represented Venture Capital Funds, public and private portfolio companies and other growth businesses in financing, M & A, licensing and other transaction across a wide range of industries, including technology and bio-science. Both Jim and Benji played a critical role in the passage of North Carolina’s intrastate crowdfunding exemption (NC PACES) and building a state-wide on-line capital raising ecosystem.

Jim has written multiple books about finance and growing technology businesses, including:

  • Crowdfunding: A Legal Guide to Investment and Platform Regulation
  • Crowdfunding Opportunities and Challenges

Both books analyze Crowdfunding business practices and technology the impact of the JOBS Act on the venture capital industry and traditional securities laws, including the Securities Act of 1933, the Securities Exchange Act of 1934, the Investment Company Act of 1940 and the Investment Advisers Act of 1940.

Jim and Benji are Thomson Reuter’s answer people for Crowdfunding issues. They have conducted a series of Crowdfunding webinars for Thompson Reuters, which calls itself the “Answer Company.”

They write a nationally distributed newspaper column about business, technology and legal issues for the American Business Journals that reaches more than four million readers through local business publications in more than forty cities across the U. S.

You can read their blog, Entrepreneur Intersection, check out their YouTubeChannel, and attend workshops, conferences, and continuing legal education course that they present on Fintech, Blockchain/COINS, Crowdfunding, the JOBS Act, and related matters.


ICO Defined –

Blockchain Defined –

Cryptocurrency Defined –