Monthly Archives: September 2013

The Magic of Amelia Earhart and the Lockheed Electra

The Magic of Amelia Earhart and the Lockheed Electra

Debi Giannola & Cathi Hatch 

On Saturday, Debi Giannola and I went to the Museum of Flight as guests of sponsor, Wells Fargo, to witness the final flight and arrival of the Lockheed Model 10-E Electra, a replica of the plane in which Amelia Earhart flew around the world.

We arrived early enough to visit the Electra Simulator flights in the Aviation Learning Center.  We were each able to “pilot” our own plane and I discovered that landing is much harder than it appears.  My plane bounced on the ground

Debi Giannola in the Simulator cockpit

and then up into the clouds as I kept over compensating on the joystick.

It was also fascinating to wander through the great gallery and see the scores of planes that are part of the Museum of Flight collection; fighter jets, stealth bombers, mail planes, commercial airplanes, military planes, helicopters, gliders, the Space Shuttle trainer and even a car that could convert to a plane with fold-down wings.  I didn’t realize the incredible number of planes that are on

A view of just a portion of the aircraft collection

display at the Museum of Flight and it is very impressive.

We then made our way to “Amelia’s Electra” public program in William M. Allen Theater presented by Chief Curator Dan Hagedorn and Bob Bogash, Aircraft Acquisition Expert. Dan is a huge fan of Amelia Earhart and shared dozens of photos of her that I had never seen previously.  

“Project Amelia” banner

Bob is a huge fan of Clarence Johnson, the famous Lockheed aircraft designer that did some wind tunnel tests on the Electra 10-E that were important to its safety along with a modification to the tail which became known as “guitar picks”. He would include the guitar pick element on future planes he would design when he went on to become a very famous Lockheed aircraft designer.  Bob made use of his time at the podium to make an “ask” to Museum of Flight CEO Doug King, who was sitting in the audience, for the next plane which he wants to acquire for the Museum of Flight.  One of the bigger challenges is that it is the only one left in the world and currently sits at the bottom of the ocean just off the Hawaiian Islands.  He estimated at least a $10 million price tag to recover it. 

The Museum of Flight’s newest acquisition

Following the lectures, we adjourned upstairs for lunch to the VIP Viewing Lounge and were able to go out on the deck when the Electra flew by twice before making her final landing. There was something quite emotional in watching that beautiful, shiny silver plane land and taxi towards us, stopping long enough to do a full 360 degree circle as if she was taking her final bow just before stopping in the viewing area in the parking lot for the welcoming ceremony.

Debi and I saw several friends at the event including Pam Ellison, Mary Knell, Mary Bass and Marco Abbruzzese all representing Wells Fargo and Brad Tilden representing Alaska Airlines, Ned Laird, Patti Payne, Stacy KingDottie Simpson, Ann Simpson, James Raisbeck, Diane Tice and others.  There were also many dressed up to look like Amelia Earhart, which was fun to see.

Congratulations to the organizing committee and the Museum of Flight Board of Trustees who were able to raise the money necessary to bring the Electra to our museum!  

Happy Birthday Bode!

Happy Birthday Bode!

Bode Laramore contemplates his cake.

This past month has been a whirl of activities at ZINO Society and with the family too! We celebrated Bode’s second birthday at Katie & Kevin Laramore’s home in Bonney Lake.  Mom Katie, aka the Costco Queen, pretty much planned his birthday from beginning to end with food and gifts from Costco.

Bode’s favorite gifts included many dinosaurs of all sizes including one that even roared and walked.  His other favorite gift was a collection of books

which he wanted to begin reading immediately.  Katie had to do some real convincing to get him to leave the books long enough to open his other birthday gifts.  Big brother Cutter was happy to “help” open Bode’s presents and could certainly have solved that problem easily if he had been allowed to proceed.

Baby sister, Campbell, blissfully slept through most of the party and only joined the party at the end after most of the

The perfect baby, Campbell Laramore, with Mom Katie

guests had already departed.  What a perfect baby!  

JOBS Act Challenges as Currently Proposed by the SEC

ZINO Society sponsor member, Joe Wallin of Davis Wright Tremaine, who has followed the issue very closely asked me to please post something for the Securities & Exchange Commission regarding my thoughts about some of the regulations coming forward related to the JOBS Act.  Here is what I posted:

ZINO Society is a membership organization that connects accredited angel investors with start-up companies seeking funding. Over the past 8 years, we have helped facilitate funding connections of around $29 million (of which we are aware) and have coached and mentored almost 600 entrepreneurs. Though there are always many more requests for funding than we can fulfill, we do provide a very important and useful service for both investors and entrepreneurs.
Though I know the JOBS Act was intended to enhance entrepreneurship and growth of small businesses, the “rules” that continue to come forward from the SEC, will cause just the opposite to occur.
In the past, our investor members have had the right to tell us whether they qualify as accredited investors. We supply them with a link that describes what it takes to qualify as an “Accredited Investor” and let them respond to us whether they qualify or not. The new invasive requirement that demands that we have our investor members “prove” that they qualify as accredited most likely will be the end of many people even willing to participate as members and provide angel funding, which will of course be a reduction in business investments.
For our entrepreneur members, the threats that now exist around fundraising are so frightening that huge amounts of time will be required to try to manage all these rules of notification and the penalties are catastrophic if someone makes a mistake. If a deadline is missed, it will likely put many of these entrepreneurs entirely out of business.
What I see on both fronts is that it is likely that ZINO Society will also be out of business because of the reluctance of both investors and entrepreneurs to risk participating going forward unless some reasonable common sense in setting these new rules and regulations is employed.
I assume that putting small businesses out of business is not what was intended and encourage the SEC to look again at how you can simplify the requirements and make them less onerous to all concerned. Thank you.