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Startup News Digest 06/03/22

Startup News Digest 06/03/22

The Big Story: JOBS Act 4.0 could create more opportunities for startups. Policymakers are considering a sweeping package of proposals that could increase opportunities for startups to access capital and reduce regulatory barriers that make existing opportunities difficult. In comments to the Republican leadership of the Senate Committee on Banking, Housing, and Urban Affairs, Engine explained how the Jumpstart Our Business Startups (JOBS) Act 4.0—as well as potential modifications and additions to the bill—could incentivize investment, open up more avenues for would-be investors, and advance equitable access the startup ecosystem.

Startup News Digest 05/27/22

Startup News Digest 05/27/22

The Big Story: Indo-Pacific framework could advance digital trade priorities for startups. Early this week during his visit to Japan, President Biden announced the launch of the Indo-Pacific Economic Framework for Prosperity (IPEF) with 12 countries in the region. The framework—first outlined last year and including Australia, Brunei, India, Indonesia, Japan, Malaysia, New Zealand, the Philippines, Singapore, South Korea, Thailand, and Vietnam—is the administration’s primary trade engagement in the region and promises to touch on digital trade issues important to startups, like data flows and regulation of emerging technologies.

Startup News Digest 05/20/22

Startup News Digest 05/20/22

The Big Story: Tech waits to see if SCOTUS will let Texas social media law stand. The Internet ecosystem is waiting to see whether the Supreme Court will issue an emergency stay of a lower court ruling from last week that would limit Internet companies’ ability to remove harmful content. The emergency stay could come as early as today. This week, Engine joined the Chamber of Progress and over 20 Internet advocacy groups and civil society organizations in a brief to the court urging them to reverse the Fifth Circuit decision, which overruled a lower court ruling that kept a 2021 Texas social media law from going into effect.

Startup News Digest 05/13/22

Startup News Digest 05/13/22

The Big Story: Big week for Biden’s broadband efforts. The Biden administration is honing in on broadband expansion this week with new partnerships with Internet providers to ensure low-cost broadband for low-income Americans and the kickoff of a program to make available $45 billion for state broadband initiatives. Reliable, accessible, affordable broadband is crucial to the startup ecosystem and innovators across the country.

Startup News Digest 05/06/22

Startup News Digest 05/06/22

The Big Story: Administration action easing student loan debt could spur entrepreneurship. With student debt forgiveness back in the news, policymakers have an opportunity to ease the tough road to entrepreneurship, especially for underrepresented founders. Last week, the Biden administration indicated an intent to enact student loan forgiveness in the coming weeks, as millions of borrowers continue to struggle with high federal student debt balances. While the details are still unclear on what exactly forgiveness would look like and who would be eligible, one thing is clear: excessive student loan debt serves as a barrier to entrepreneurship for many.

Startup founders travel to Capitol Hill with Engine to talk content moderation

Startup founders travel to Capitol Hill with Engine to talk content moderation

When policymakers think about changing the rules for how companies host and moderate user content, they focus on three or four large Internet companies. But we know from talking to startups across the country every day that all kinds of companies host user content online. They may not be the companies that are top of mind when policymakers write rules, but they’re the companies least equipped to deal with compliance and litigation costs designed with the large industry players in mind.

We made a video game to show the highs and lows of the startup experience

We made a video game to show the highs and lows of the startup experience

The startup ecosystem is incredibly broad and diverse, with startup founders launching small businesses with different business models, in different industries, and in cities and towns across the country. But one thing that startup founders from across the spectrum share the knowledge of how difficult it is to run a startup. Founders are often faced with hard choices about how to invest their already limited time and resources against a policy backdrop—which impacts business decisions, investment opportunities, compliance requirements, and more—that can change on a dime and is often written without startups in mind.

Startup News Digest 04/29/22

Startup News Digest 04/29/22

The Big Story: EU advances overhaul of content moderation rules. Early Saturday morning, the European Union reached an agreement on a final version of landmark legislation to govern online intermediaries hosting user content in the EU. The legislation, known as the Digital Services Act (DSA), will build on existing EU law and create new obligations for companies—including startups—that will require additional staff, development of new tools, and attention toward compliance in order to serve users in the EU.

Startup News Digest 04/22/22

Startup News Digest 04/22/22

The Big Story: Startups should be prominent voice in merger guidelines re-write. This week, Engine submitted comments in response to a request for information (RFI) from the Federal Trade Commission (FTC) and the Department of Justice (DOJ) Antitrust Division on merger enforcement. The agencies issued the RFI in January as they move toward re-writing the merger guidelines, guidance that outlines how the agencies will analyze prospective mergers, which is traditionally relied on by the agencies, companies, and courts alike. Sound merger enforcement that mitigates illegal anticompetitive behavior is important for startup success, but policymakers must balance those potential harms with the benefits of acquisitions. If the new guidelines are too restrictive, they risk burdening legal transactions—including those of startups, thereby limiting startups’ exit opportunities and stemming the flow of capital in the startup ecosystem.

Startup News Digest 04/15/22

Startup News Digest 04/15/22

Startups urge PTO director to prioritize balance and inclusion. This week, over 50 startups, investors, and innovation support organizations sent a letter to congratulate Kathi Vidal on her new role as Director of the U.S. Patent and Trademark Office (PTO) and to urge her to lead the agency with an eye towards the needs and experiences of the nation’s tech startups. For the startup ecosystem, the patent system can play a valuable role toward supporting innovation, but it has just as much potential to stifle progress when it isn’t working well.

Startup News Digest 04/08/22

Startup News Digest 04/08/22

As JOBS Act turns 10, capital access policies back in the spotlight. This week, policymakers are turning their attention to opening up avenues for capital access. Ahead of the 10th anniversary of the Jumpstart Our Business Startups (JOBS) Act, Senator Pat Toomey (R-Pa.) and Senate Banking Committee Republicans unveiled a draft for the JOBS Act 4.0, focused on accelerating economic growth and spurring new business formation.

Startup News Digest 04/01/22

Startup News Digest 04/01/22

The Big Story: Potential privacy bill back on the table. Policymakers across the aisle and in both chambers are restarting conversations about creating a long-awaited, comprehensive privacy bill. Conversations about a federal privacy bill aren’t new for this Congress, and the issue has remained a top priority for the startup ecosystem for years.

Startup News Digest 03/25/22

Startup News Digest 03/25/22

Big story: New copyright bill would increase cost, risk for startups that host user content. Last week, Senators Thom Tillis (R-N.C.) and Patrick Leahy (D-Vt.) introduced the Strengthening Measures to Advance Rights Technologies Copyright Act of 2022—legislation that would amend Section 512 of the Digital Millennium Copyright Act (DMCA). While the bill is ostensibly aimed at large Internet platforms, it would tee up complex and costly frameworks for Internet startups that encounter user-generated content like comments, reviews, or original artwork.

Startup News Digest 03/18/22

Startup News Digest 03/18/22

Big story: FCC digs into digital discrimination. This week, the Federal Communications Commission (FCC) voted to kickstart proceedings to tackle digital discrimination—the lack of reliable, accessible, and affordable broadband in certain communities across the country—which creates barriers for would-be startup founders, especially underrepresented founders.

Startup News Digest 03/11/22

Startup News Digest 03/11/22

The Big Story: Startups, tech groups, and more urge Congress to remove harmful trademark bill from innovation legislation. This week, Engine joined an expansive coalition of industry, civil society, and academic voices in urging Congress to remove a problematic bill that would dramatically shift the landscape for e-commerce startups and small, online businesses from must-pass legislative proposals.

Startup News Digest 02/25/22

Startup News Digest 02/25/22

The Big Story: Celebrating Black founders, calling for a more equitable ecosystem. Black startup founders across the country are a crucial part of the startup ecosystem, despite the many barriers they face. As Black history month draws to a close, Engine wanted to recognize some of the important contributions of Black founders in our network and urge policymakers to advance policy solutions that create more opportunities for underrepresented founders, especially Black founders.

Startup News Digest 02/18/22

Startup News Digest 02/18/22

The Big Story: Over 100 startups, investors, organizations defend QSBS tax treatment. This week, more than 100 startups, startup investors, and startup support organizations sent a letter to Congress urging them to preserve the current tax treatment of Qualified Small Business Stock (QSBS), which helps startups attract early-stage investment and employees.