Earlier this week, the Securities and Exchange Commission (SEC) announced a new set of rules implementing Title IV of the JOBS Act.
These changes affect Regulation A small public offerings, and are colloquially referred to as “Reg A+”.
The release of these final rules further advances one of the core principles and goals of the 2012 law: to create an environment where emerging enterprises can raise public capital efficiently.
A common challenge faced by every entrepreneur is that they don’t have the bandwidth, interest or skills to do everything that is required to build their startup. Of course, they can outsource part of the work or hire employees, but that approach means more time and money to manage the work, which they don’t have. The right answer is to find a co-founder with complementary skills.
Entrepreneurship, at least as a cultural phenomenon, is booming: Witness the flood of television shows, movies and even Barbie's latest career move. Meanwhile, entrepreneurship education programs have exploded, and support organizations such as incubators are springing up like wildflowers. Even so, real rates of entrepreneurship in the United States remain in long-term decline, and we have seen only a tepid recovery since the Great Recession.
It’s a common occurrence in the startup world: A critical decision has to be made, one that will affect everything that comes after it, and may determine the fate of the company. It could be a decision whether to let a partner go or invest in a new technology. But the founder won’t consider all the options, even refusing to make what to virtually everyone else seems like the right decision.The startup flounders for a while longer. Then it fails.
The importance of having a mentor is often stressed to entrepreneurs who are just starting out, but what do mentors really teach you? Entrepreneur Nick Smoot shares what he's learnt from the people who shaped his life...
Could you draw the ubiquitous Apple computer logo from memory? Probably not, as it turns out.
In a new study published in the Quarterly Journal of Experimental Psychology, UCLA psychologists found that almost none of their subjects could draw the logo correctly from memory. Out of 85 UCLA undergraduate students, only one correctly reproduced the Apple logo when asked to draw it on a blank sheet of paper. Fewer than half the students correctly identified the actual logo when they were shown it among a number of similar logos with slightly altered features.
Many physicians are exploring new, different business opportunities by stepping into the entrepreneurial arena. While they offer a very specific and dynamic perspective clinically, the transition might not be as easy as one might think.
Arlen Meyers, Co-Founder, President and CEO of the Society of Physician Entrepreneurs, shared his point of view on the subject recently in a blog post titled “Don’t Throw Away Your White Coat.” While he clearly has a strong association with the transition, he does find that there are some distinctions concerning why this isn’t always a good idea.
Imagine being able to download a full-length 8GB HD movie to your phone in six seconds (versus seven minutes over 4G or more than an hour on 3G) and video chats so immersive that it will feel like you can reach out and touch the other person right through the screen.
That’s the vision for the 5G concept — the next generation of wireless networks — presented at the Mobile World Congress show last week, according to re/code. Here’s what it will offer:
Between the ravages of ObamaCare, excessive government regulation and myriad other instances of executive overreach by the Obama Administration, it’s easy to see why so many consider the United States Constitution to be under assault from many different directions. One threat to the integrity of this foundational document does not come from government, but nonetheless has the potential to weaken a crucial Constitutional goal and stifle American innovation. “Patent trolls” and unscrupulous trial lawyers are taking advantage of a convoluted litigation system to threaten and extort from businesses both large and small, to the detriment of the Founders’ vision. Stopping them must be the next battle in the quest for substantive tort reform.
If you’re looking for an innovation revolution in your organization, don’t look for more money or more places to spend money. Don’t look for activities or tactical interventions or things to do.
Look for heroes.
Some startups seeking angel investments have an extra advantage – they’ve already received money from the federal government and started developing their products before angel money is needed. Funds from Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) grants are especially interesting because they do not dilute ownership by founders or investors, and they work in concert with angel funds to build startups’ success. Additional funds for product development combined with zero dilution is an angel investor’s dream for better and faster returns.
It pays to be first. Being the launch city for Google Fiber, has moved Kansas City to the front of the line in the innovation economy. Thanks to super-fast consumer Internet service (and now commercial service too), the Midwestern city has seen a wealth of good tech news.
Big challenges require big solutions and few institutions are better suited to create them than global research universities. Unfortunately, there are few truly entrepreneurial universities. Yes, most have technology transfer offices. Yes, most have a mission of research, service, education, and patient care. Yes, most see themselves as innovative. But, when it comes to reaching beyond and creating impact in society, few hit the mark.
As the first quarter of 2015 draws to a close, it’s clear that the venture capital industry is evolving.
Since 2005, thousands of new millionaires have been minted by the IPOs of Alibaba Group, Lending Club, Go Pro, Box, Zendesk, Facebook, Pandora, Zynga, Linkedin, Homeaway, Zipcar and countless others.
Last week, the Financial Post sat down with Jérôme Nycz, executive vice-president of BDC Capital, to talk about the state of venture capital in Canada. BDC Capital is a subsidiary of the Business Development Bank of Canada, and offers venture capital, equity as well as growth and business transition capital for businesses and entrepreneurs. This interview has been edited for length.
For anyone who has been following the venture capital space over the last couple of years, they should have seen that something has been kind of off for a while.
Suddenly, companies started to get funding amounts that would have been earth-shattering a few years ago, but became somewhat commonplace. And now companies that are now being valued at rates that are beyond anything that we've seen for a long time, if ever.
Think all fast-growing companies in the U.S. are high-tech firms in California fueled by flashy venture capitalists? Think again. At the annual South by Southwest conference earlier this month, Kauffman Foundation research analyst Arnobio Morelix cited data on fast-growing firms that paint a radically different picture of what these companies are like. Pointing to several studies produced by the education- and entrepreneurship-focused Kauffman Foundation, Morelix debunked these three myths about high-growth firms:
The partnership between RHTU and GSVlabs enables further success of the RHTU Acceleratum acceleration program through a bridge to Silicon Valley. Selected startups will be given a dedicated workspace at GSVlabs for the duration of the program with access to all the benefits GSVlabs provides to its community members: reception services, 24 hour badge access, state of the art conference rooms, access to GSVlabs’ mentor network, and free access to all GSVlabs hosted events.
On March 25, the U.S. Securities and Exchange Commission finally announced rules for several aspects of the 2012 America JOBS Act, which legalized “crowd funding” as we know it. The announcement by the SEC has the potential to unleash large amounts of new capital into American startups. It could also spell the end of venture capital as we know it. Don’t get me wrong, investors in startups, whether they are institutional or individual, will continue to make large amounts of money. But the control exerted by early-stage angels and venture capitalists, along with the structure of deals, could change significantly.
A common request I get while mentoring entrepreneurs is for a copy of the startup checklist they need to follow, in order to build a successful new business. I wish it was that easy. The challenge is that every new business needs to be innovative and different, in order to rise above the crowd, bring real change to the world, and give you the satisfaction you seek.