Partner Spotlight: Dave Mitchell

Professional background ( tell me something I can’t read on your bio).

Some people have a clear career path mapped out for them from a young age, but for others, it takes some twists and turns to find their true calling. For Dave, the General Counsel and Senior Partner at Solyco, his journey was anything but conventional.

As a kid, Dave was already an entrepreneur. He had a paper route and developed a computerized billing system for his business enterprise. A kid ahead of his time, he’d?attach invoices to his papers as he delivered them to the customer’s door – something that was pretty advanced for the early 80s. "I was always trying to make money somehow, since my parents didn’t give me an allowance," Dave recalls with a smile.

That tenacity stayed with him as he grew up. After attending trade school as an auto mechanic, Dave fixed cars while getting his Bachelor’s in Computer Science. It was during his time as a mechanic that Dave realized he wanted to go to law school, and not just any law school - Harvard Law School. "I wanted to go to Harvard because it was the best," Dave explains.

While others may have doubted his ambitions, Dave had the fire within him to see his desire through. He graduated from Harvard Law and went on to become a Senior Principal at Michigan’s oldest law firm, where he led financing transactions involving small and middle market companies as well as high net worth individuals. He’s represented local, regional, national and global banks in financing transactions totaling $4 billion.

At Solyco, Dave brings his unique background and approach to the table. For Dave, the best approach is one of proactivity. "I try to look at the path to yes," Dave explains. "How we can get something done?”

Dave's journey to General Counsel may have been anything but conventional, but it's clear that his entrepreneurial spirit, determination, and drive have served him well. His story is a reminder that sometimes it takes a few twists and turns to find your true calling, and that's okay.

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What do you want investors to know right now.

Investments in the private capital markets typically require a longer-term commitment than publicly traded investments like stocks and bonds. One reason is that liquidity is limited since there is no market for trading these investments, and transfer of those investments is restricted.?Also, these investments tend to involve earlier stage companies that are still in the process of developing, so returns can take longer to achieve. Always consider the timing of returns and invest in a variety of companies for diversification. Carefully consider your investment goals and risk tolerance.

Teach me something

If you're considering investing alongside Solyco, you may have heard about the SEC's accredited investor requirement….But what does that mean?

Simply put, the SEC requires that individuals who invest in certain alternative investments be accredited investors. To be an "accredited investor," in most cases you must have a net worth of at least $1 million (excluding the value of your primary residence) or have an annual income of at least $200,000 ($300,000 for married couples) for the past two years and expect to maintain that level of income in the current year.

The SEC’s ?accredited investor requirement ensures that only those who are financially sophisticated and have a reduced need for the protection provided by regulatory disclosure requirements are able to invest in private capital market investments, such as those described in this newsletter.?