Lawmakers lament detriment to startups of Trade Rep’s digital trade reversal
After overcoming childhood shyness in the warmth of his local Caribbean-owned barbershop, Royon Jeffrey knows the power of the beauty industry firsthand. He set out to create ListedB, an online marketplace for beauty industry professionals. We spoke to him about the financial opportunity within the industry, navigating capital access and investors, and his desire to empower small businesses owners.
Foreign nations are saddling U.S. companies — including startups — with discriminatory burdens.
MegaMinds was created out of a need to make learning more creative, fun, and hands-on for students. In our conversation with Co-Founder and CEO Eric Tao, we learned about the growing popularity of immersive learning, the tricky regulatory landscape for a product like MegaMinds, and what it’s like for many first-time entrepreneurs to build businesses.
The debate over immigration policy intensified in 2017 as the new administration issued several executive orders aimed at curbing the flow of immigrants to the United States. Engine led the charge in pushing back against many of these measures, including a letter signed by over 200 startups opposing the Administration’s Executive Order banning citizens from seven countries. Skilled immigrants, especially those admitted under the H-1B program, bolster the country’s capacity for innovation and provide immense benefit to its economy at large. What’s more, foreign talent has fueled America’s thriving culture of entrepreneurialism and played a central role in making our country the leader in technology startups.
In this charged political climate, #StartupsEverywhere is our insurance policy on the innovation and progress of the past decade. Through it, we have created a dialogue with policymakers and voters about the flourishing startup ecosystems around the country that are offering important developments in numerous industries. Our goal has been twofold: to determine the crucial inputs that have enabled startup growth outside of Silicon Valley and New York City, and to highlight the incredible startups and ecosystem builders who often fall in the shadows of those cities on the coasts.
Ahead of the Federal Communications Commission’s vote late last week to dismantle 2015 net neutrality rules — which prevented ISPs from blocking or slowing access to certain websites — FCC Chairman Ajit Pai continued to misrepresent his plan as a boon to innovators and Internet users across the country instead of the ISP industry sell out it really is.
“The Federal Communications Commission voted today to strip the critical protections that made the Internet a level playing field for startups. With its rushed, party-line decision to repeal the 2015 Open Internet Order, the Commission is ignoring the pleas of innovators, investors, and everyday users to keep the Internet free and open"
The Big Story: The next phase of the net neutrality fight. While most people were preparing for Thanksgiving last week, FCC Chairman Ajit Pai released his plan to roll back the 2015 net neutrality rules, teeing up an agency vote on the order in mid-December, where he’s expected to get the necessary support from the commission’s other two Republicans to pass the proposal.
The Big Story: Tax bill sheds bad stock options provision. After a massive backlash from 600 startups, innovators, and investors, the Senate has dropped from its sweeping tax reform proposal a measure that would have taxed employees’ stock options when they’re vested instead of when they’re exercised.
After more than 600 startups, investors, and innovators from across the country wrote to lawmakers this week, warning about the devastating consequences of a proposed tax change that could hurt small companies competing for talent, Engine applauds the Senate Committee on Finance for recent modifications to the Senate Tax Plan.
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