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There are six distinct organizational paths for entrepreneurs: lifestyle business , smallbusiness, scalable startup, buyable startup, large company, and social entrepreneur. SmallBusiness Startups: Work to Feed the Family. million smallbusinesses in the U.S. They hire local employees or family.
I have written occasionally about legislation in Congress and how it impacts smallbusinesses and startups, and three proposed laws have recently caught my attention. Congress makes a lot of noise about the importance of smallbusinesses to our society, but their track record over the past few years has been abysmal, at best.
Potentially could use SBIC financing. See Why The SBIC Doesn’t Work For Venture Capital Anymore vs. SmallBusiness Investment Companies (SBIC) are an Attractive Alternative to Venture Capital. Potentially harder to recruit employees. Potentially can use an evergreen fund structure.
Meanwhile on the West Coast – “The Group” 1950’s When Ampex was raising its money, in 1952, an employee of Fireman’s Fund in San Francisco, Reid Dennis , managed to put $20,000 in the deal. into believing it was behind the Soviet Union in innovation. In response, one of the many U.S. government would invest three (up to $300,000.)
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