FEATURE
Happy New Year: Obama, Senate Republicans Agree on ‘Fiscal Cliff’
January 1, 2013 | Washington Post
The Senate approved a bipartisan agreement early Tuesday morning to let income taxes rise sharply for the first time in two decades, fulfilling President Obama’s promise to raise taxes on the rich and avoiding the worst effects of the “fiscal cliff.” The agreement, brokered by Vice President Biden and Senate Minority Leader Mitch McConnell, passed 89 to 8 in a highly unusual New Year’s morning vote. It now heads to the House, where leaders have not guaranteed passage but top officials believe it could win passage in the next few days.
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Why S.E.C. Is Likely to Miss Deadline on Rules for Crowdfunding
December 27, 2012 | New York Times
When the Jobs Act became law in April, supporters proclaimed a new era for small businesses seeking to raise money. The “game changer,” as President Obama put it in the Rose Garden as he signed the bill, was a provision to allow small companies to “crowdfund” — that is, to sell stock and other securities over the Internet directly to the general public. “For the first time,” the president said, “ordinary Americans will be able to go online and invest in entrepreneurs that they believe in.” But it now seems that dawn will break late on this new age of democratic investing.
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Waiting to Sow the Seed Funding
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Startup Grows a $100M Business Without Venture Capital
December 28, 2012 | Forbes
For many startups, raising a round of funding is a day of celebration. It’s exhilarating knowing that someone believes enough in your idea to put money behind it. Raising a round, though, doesn’t mean that a startup has “made it” or that the entrepreneurs behind the venture are on their way to tech stardom. It isn’t always, though, the best route for every startup.
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