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NEWS FEED
Startup News Digest 07/17/20
The Big Story: EU court strikes down transatlantic data transfer pact. The Court of Justice of the European Union this week struck down Privacy Shield, a transatlantic agreement that lets U.S. companies process and store European users’ data in the U.S. The ruling creates uncertainty for many U.S. and EU companies by jeopardizing the flow of data between Europe and the United States. The case, known as “Schrems II,” evolved out of Austrian privacy activist Max Schrems’ 2013 lawsuit following the revelations about the U.S. government’s surveillance programs by NSA whistleblower Edward Snowden.
#StartupsEverywhere: Washington, D.C.
The Inclusive Innovation Incubator (In3) is the first ecosystem builder focused on cultivating and supporting underrepresented entrepreneurs in the nation’s capital. Launched three years ago to improve diversity and inclusion in D.C.’s emerging tech space, In3 has held hundreds of events and supported more than 1,500 entrepreneurs looking to launch new businesses.
Support Entrepreneurship by Participating in Congressional Startup Day
TLDR: We’re now a month out from Congressional Startup Day, an event highlighting the importance of startup activity across the country. This annual event connects members of Congress with startups in their states and districts to learn more about the successes and challenges of being an entrepreneur. With the coronavirus pandemic having an outsized impact on U.S. startups, Congressional Startup Day serves as a timely opportunity for members to learn more about how they can support and highlight the work of their local entrepreneurs.
Startup News Digest 07/10/20
The Big Story: Startup community voices concerns about suspension of H-1B visas. U.S. startups are asking the Trump administration to reconsider a recent decision that will limit access to high-skilled talent amid the coronavirus pandemic. In a new letter, Engine and 118 startups, entrepreneurial organizations, and other companies—including Pinterest, Postmates, Reddit, and Twitter—are asking President Donald Trump to reconsider his suspension of work visas to high-skilled foreign workers, including those issued under the H-1B visa program. The letter comes after the president signed an executive order last week temporarily halting the issuance of work visas for foreign workers through the end of the year.
Engine, startups push White House to reconsider suspension of work visas
This afternoon, Engine released a letter signed by 118 startups, entrepreneurial organizations, and other companies—including GitHub, Postmates, Reddit, and Twitter—asking the Trump administration to reconsider its recent suspension of work visas for high-skilled foreign workers, including those issued under the H-1B visa program.
#StartupsEverywhere: St. Louis, Mo.
St. Louis is developing a reputation as a hub for entrepreneurs, ranking as one of the top U.S. cities for startups. One of the startups that calls St. Louis home is Venku, an online platform that connects outdoor enthusiasts with exciting on-the-ground experiences. Whether it’s fishing, hiking, hunting or exploring, Venku improves access to outdoor experiences by allowing people across the country to connect with expert hosts eager to take them on their next adventure.
Next Coronavirus Relief Package Should Address Startup Concerns
TLDR: When Congress returns from recess later this month, policymakers must ensure that they are effectively supporting startups in their fourth coronavirus relief package. In order to protect our nation’s startup ecosystem, however, Congress needs to look beyond currently available small business loan programs and examine other policy proposals that will enable startups and entrepreneurs to survive the pandemic’s economic fallout.
Startup News Digest 07/02/20
The Big Story: Congress extends small business loan program, but startups still need relief. Congress this week extended the deadline for startups and small businesses to apply for emergency funding from the Paycheck Protection Program (PPP), just hours before the loan program was set to expire. Under the measure, the U.S. Small Business Administration can continue to approve and offer PPP loans until August 8th to startups and small businesses that have been financially harmed by the coronavirus pandemic.
#StartupsEverywhere: Omaha, Neb.
In the Midwest, some local entrepreneurs—such as Nebraska’s Tom Chapman, the Founder and Managing Principal at Chapman & Company—are advocating for a fundamental shift in the way the U.S. approaches startup ecosystems. We recently spoke with Tom to learn more about his company’s work supporting the creation of high-growth startups, the unique needs and challenges for entrepreneurs in the Midwest, his latest startup venture, and how the Midwest’s unique startup system makes it well-suited to address the problems that have vexed more traditional U.S. tech hubs.
Startups Need Clarity When it Comes to Digital Currencies
TLDR: Telegram paid $18.5 million and returned the proceeds of its coin offering back to investors as part of a settlement with the U.S. Securities and Exchange Commission. The agency sued the firm last year for raising $1.7 billion through an initial coin offering to fund the development of its blockchain project, known as the Telegram Open Network. The settlement comes as U.S. cryptocurrency firms continue to seek regulatory certainty for the industry, including clear guidelines for digital coin offerings.
Startup News Digest 06/26/20
The Big Story: Congress increases pressure on vital Internet law. Policymakers are ramping up attacks on Section 230 of the Communications Decency Act, the 1996 law that has allowed startups that host user content to thrive. While this law provides online companies of all sizes with the ability to moderate users’ content without being held liable for users’ speech, the latest round of attacks on Section 230 have been largely framed around Internet companies’ content moderation practices—a difficult, time consuming, and expensive task for any online platform.
Statement on the Lawful Access to Encrypted Data Act
Simply put, the Lawful Access to Encrypted Data Act—introduced by Senate Judiciary Committee Chairman Lindsey Graham (R-S.C.) and Sens. Tom Cotton (R-Ark.) and Marsha Blackburn (R-Tenn.)—is bad for the privacy and security of startups and their users.
#StartupsEverywhere: Nashville, Tenn.
From its conception in 1999, the Greater Nashville Technology Council has been focused on bolstering the region’s entrepreneurial community by advocating for and supporting tech startups across Middle Tennessee. The member-based organization works with a variety of local stakeholders—including tech professionals, policymakers, and other state-based entrepreneurial organizations—to promote local workforce development and tech education initiatives. We recently spoke with the Greater Nashville Technology Council’s President and CEO, Brain Moyer, to learn more about the organization’s work, the region’s startup ecosystem, and what policymakers can do to further support local entrepreneurs.
Patchwork of Digital Services Taxes Threatens U.S. Startups
TLDR: Federal officials are sending conflicting messages about their continued participation in global talks about the creation of a framework for digital services taxes (DSTs). While many of these taxes are targeted at large Internet companies, there are concerns that the startup community will be harmed by the trickle-down effect of increased costs for services and products to offset the taxes.
Statement on the Trump Administration’s Proclamation to Suspend Visas for Foreign Workers
The administration’s decision to halt the issuance of work visas—including those under the H-1B program—for highly-skilled foreign workers will needlessly harm the tech industry and U.S. startup ecosystem that rely upon talented employees to drive global innovation. Instead of helping startups and small businesses recover from the coronavirus pandemic’s economic downturn, this proclamation hampers the tech sector’s ability to respond to the ongoing outbreak by limiting the effectiveness and reach of its workforce.
Startup News Digest 06/19/20
The Big Story: DOJ proposes changes to bedrock Internet law. The Department of Justice this week released a set of proposals for reforming a bedrock Internet law, a move that would make it more difficult and costly for Internet companies to host users’ content. The announcement comes as some lawmakers and federal officials have called for legislation to scale back Section 230 of the Communications Decency Act, which provides Internet companies of all sizes with the ability to moderate user content without being held liable for what they do or do not take down from their sites.
#StartupsEverywhere: Austin, Texas
Austin-based nonprofit organization DivInc is working to drive systemic change across the U.S. startup community by fostering the growth and development of underrepresented entrepreneurs. The organization is focused on connecting entrepreneurs of color and women founders with the mentors, connections, opportunities, and resources needed to create more authentically inclusive startup communities.
Statement on the Supreme Court's DACA Decision
Today’s Supreme Court ruling rejecting the Trump administration’s rollback of the Deferred Action for Childhood Arrivals (DACA) program is a victory for the 800,000 Dreamers who received protections from deportation under the 2012 program.
Statement on the Limiting Section 230 Immunity to Good Samaritans Act
The Limiting Section 230 Immunity to Good Samaritans Act from Sen. Josh Hawley (R-Mo.) is a barely legible piece of legislation that would effectively ban all content moderation on Internet platforms.