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Small business Congress-watch: Three Pending Bills and Why They Matter

crowdSPRING Blog

I have written occasionally about legislation in Congress and how it impacts small businesses and startups, and three proposed laws have recently caught my attention. Congress makes a lot of noise about the importance of small businesses to our society, but their track record over the past few years has been abysmal, at best.

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Why The SBIC Doesn’t Work For Venture Capital Anymore

Feld Thoughts

I woke up to an article in Daily Camera today titled Small Business Administration trying to bring SBIC funds to Colorado. I’m an investor in over 40 VC funds around the world (mostly in the US) and three of them are SBIC funds. Each of the SBIC funds were raised in the 2000 – 2002 time period.

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Why Governments Don’t Get Startups

Steve Blank

Not understanding and agreeing what “Entrepreneur&# and “Startup” mean can sink an entire country’s entrepreneurial ecosystem. Who’s an entrepreneur? There are six distinct organizational paths for entrepreneurs: lifestyle business , small business, scalable startup, buyable startup, large company, and social entrepreneur.

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What type of capital should you raise, and from who?

David Teten

Small Business Association Loans. Ravi Bhagavan, Managing Director, BRG Capital Advisors, said, “A low-cost and often convenient form of capital for small businesses is SBA loans, which are guaranteed by the Small Business Administration. SBA loans are available through SBA-approved banks and SBIC funds.

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Should your new VC fund use Revenue-Based Investing?

David Teten

I explore the reasons for this in Why Are Revenue-Based Investors Investing in So Many Women & Diverse Entrepreneurs? . With RBI there’s a very different relationship between the entrepreneur and the capital provider. There’s no need to redline the business and put everything at risk to be a unicorn.

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The Secret History of Silicon Valley 12: The Rise of “Risk Capital.

Steve Blank

The Small Business Investment Company (SBIC) Act in 1958 guaranteed that for every dollar a bank or financial institution invested in a new company, the U.S. Like all government programs, the SBIC was fond of paperwork, but it began to formalize, professionalize and standardize the way investors evaluated risk.