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In Silicon Valley the equivalent is the journeyman coder or web designer who loves the technology, and takes coding and U/I jobs because it’s a passion. Changes in customer tastes, new technologies, legislation, new competitors, etc. lesson of using SBIC funds.), but then the government got out of the way.
511: EXCEL Act (Introduced 3/11/2013) The EXCEL (Expanding Access to Capital for Entrepreneurial Leaders) Act amends the Small Business Investment Act of 1958 and seeks to guarantee the payment of securities issued by small business investment companies (SBICs) of up to $4 billion annually. How so, you ask?
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.
These IPOs meant that technology companies didn’t have to get acquired to raise money or get their founders and investors liquid. to spur innovation was a new government agency to fund new companies. government would invest three (up to $300,000.) into believing it was behind the Soviet Union in innovation.
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