About Coin
History
Building on the success of the LION local investing network established and growing in East Jefferson County – one of the first and most successful in the nation – several business organizations, investors, and interested stakeholders in Clallam County worked together in 2021 to establish COIN to support investment opportunities and provide more funding options for entrepreneurs on the North Olympic Peninsula. Led by the Port Angeles Chamber of Commerce, the effort to establish COIN was supported by the Center for Inclusive Entrepreneurship (CIE), the North Olympic Peninsula Resource Conservation & Development Council (NODC), Jefferson County’s Local Investment Opportunities Network (LION), the Clallam County Economic Development Council (EDC), the Small Business Development Center (SBDC), and CRAFT 3.
About COIN
The Clallam Opportunity Investment Network (COIN) is a loosely organized group of people on the North Olympic Peninsula whose shared goal is to pair local investors who want to support their community together with local entrepreneurs who are in need of resources in order to achieve their business plans and aspirations. COIN fosters the general vitality and strength of the local business economy in Clallam County by providing information and services to local investors and entrepreneurs. COIN is not a loan or investment fund – it is a network, but it does not make collective investment decisions. Our membership consists of local citizens who support local businesses and invest their money locally. Keeping funds local facilitates greater economic self-sufficiency, job growth, economic development, and a dollar-multiplier effect whereby a dollar kept within the community can be spent many times over for a far greater benefit than a dollar invested away from our community. There are no fees related to membership in COIN, but membership is required to gain access to key information and to participate in a variety of presentation and networking sessions. Any financial relationship that may or may not develop between members of COIN is done on their own behalf and is not a part of COIN, nor do those resulting relationships include or involve COIN.
Mission
The mission of COIN is to provide opportunities for local entrepreneurs and investors to connect with each other for their mutual benefit, as well as to foster the general vitality and strength of the local business economy in Clallam County.
Our Network
We are a loosely organized group of local entrepreneurs and investors who consider opportunities to support each other and who occasionally meet to share ideas and opportunities.
DISCLAIMER
COIN offers no legal, investment, or financial advice, nor does COIN itself solicit, offer, or recommend any business opportunities. COIN provides basic forms and templates for the purpose of providing information about local businesses to its members, but COIN does not represent these forms to be anything more than general identifying information to facilitate personal introduction and examples of agreements and other documents that may or may not support the goals of investors and entrepreneurs. Any actual investment information and documentation required for any particular investment or financing transaction is the sole responsibility of the individuals, businesses, or other organizations directly involved, and of any appropriate professionals deemed necessary to effect such transactions.
COIN does not participate in any negotiations or solicitations for investment transactions, nor does it participate in the investment transactions themselves. COIN exists solely to facilitate networking between local business owners and managers and interested COIN members.
The fact that COIN may facilitate submissions and/or distributions of information from individuals, businesses, and other organizations should not be construed as any sort of endorsement or approval of such submissions by COIN or its members. COIN does not examine or otherwise consider submissions beyond simply receiving them, checking them for basic identifying information, and forwarding them to the COIN members. COIN distributes Business Opportunity submissions to its members according to instructions received by the submitting individuals and/or entities, and is made without qualification of any kind by COIN itself.
COIN activities do not and shall not constitute an offer to sell, or the solicitation of an offer to buy, securities or any other investment or financing opportunity, document, or vehicle.
In making an investment or financing decision, investors or financiers must rely on their own examination of the issuer or maker, and the terms of the offering or other transaction or transaction documentation, including the merits and risks involved.
Prospective investors or financiers should not construe COIN as providing legal, tax or financial advice. Each prospective investor or financier should consult his or her own professional advisors as to the legal, tax, financial or other matters relevant to the suitability of any investment or financing transaction or transaction documentation for such investor or financier.