Weekly Digest

Startup News Digest 8/19/2016

Startup News Digest 8/19/2016

We’ve lamented again and again that the current patent system just isn’t working for innovators. There’s been lots of talk about ways to curb abusive patent litigation tactics, but efforts to push legislative solutions through Congress have stalled for the time being. Still, there are creative ways to combat troll tactics in the short-term. This week, Engine announced a partnership with the Electronic Frontier Foundation to Reclaim Invention. The initiative aims to address one of the unexpected sources of troll behavior: American universities. Did you know that universities often license or sell their inventions to patent trolls?

Startup News Digest 8/12/2016

Startup News Digest 8/12/2016

By June 2012, President Barack Obama and his Republican rival Mitt Romney had already received over $11 million in donations from tech industry workers. But these employees—“long a reliable source of presidential donations”—haven’t been as generous with the 2016 nominees. Hillary Clinton and Donald Trump have only received a combined $3.5 million from tech workers so far. And Trump is faring much worse than Clinton, having pulled in a mere $128,000 from 238 tech donors so far. That’s less than 6 percent of what Romney had raised from tech by this point in the race.

Startup News Digest 8/5/2016

Startup News Digest 8/5/2016

Back in May, regulation crowdfunding went into effect, allowing anyone to invest in a startup through an online platform for the first time ever. But, as Engine has previously explained, we’re skeptical about the extent to which this market will truly take off given the current regulatory framework. We welcomed the House’s passage of Rep. Patrick McHenry’s Fix Crowdfunding Act (H.R. 4855) last month, which makes a couple of fixes from the startup community’s wish list like permitting special purpose vehicles. But the bill was heavily amended before passage, and as Evan argues in Bloomberg this week, it is missing a number of the startup community’s desired changes

Startup News Digest 7/29/2016

Startup News Digest 7/29/2016

Three weeks ago, Engine took a look at how the Democratic Party’s draft platform would impact the tech and startup communities. This week, the party released their final platform to coincide with the beginning of the Democratic National Convention (DNC). Building on their draft, Democrats committed to rolling out broadband to every American and added language around the deployment of next-generation 5G technologies and free, public Wi-Fi. Some changes were made around encryption as well. While the initial draft did not even mention the issue, the final platform pledged support for a “national commission” on encryption, an idea that has been championed by Sen. Mark Warner and Rep. Michael McCaul.

Startup News Digest: 7/22/2016

Startup News Digest: 7/22/2016

As the Republican National Convention kicked off this week, GOP leaders released the final draft of their party platform. The platform included a commitment to several issues important to the tech industry, such as expanding broadband access and pushing back against over-regulation, as well as a nod to startups and small businesses by supporting an expansion of tax deductions for startup and small business expenses. The GOP also reaffirmed their commitment to digital privacy rights and called for a resolution to the ongoing encryption debate, though they declined to take a firm stand on the issue. Unfortunately, the party reiterated their ardent opposition to net neutrality, and language in the platform on high-skilled immigration reform and LGBT issues will likely disappoint the tech community. 

Startup News Digest: 7/15/2016

Startup News Digest: 7/15/2016

Startups across the U.S. use stock options to attract and incentivize top talent. But as we’ve written before, the current tax code makes it difficult for employees to exercise those options requiring employees to pay taxes on their options even when there’s no public market to sell them to cover the tax burden. On Tuesday, Senators Dean Heller (R-NV) and Mark Warner (D-VA) and Representative Erik Paulsen (R-MN) introduced a bill aimed at remedying this. 

Startup News Digest: 7/8/2016

Startup News Digest: 7/8/2016

Over 40 technology startups from across the country signed Engine's letter to Congress explaining why encryption is essential to their business operations and their users’ digital security and trust. “Encryption is at the heart of many of our products and services. Without the security and confidence that encryption provides, it would be difficult or impossible for us to find customers and investors, and ultimately, grow our businesses...

Startup News Digest: 6/24/2016

Startup News Digest: 6/24/2016

As the world reacts to the news of UK voters’ historic decision to leave the European Union, many are wondering what this means for the tech industry, which widely favored remaining in the EU. While the full consequences of the UK’s departure will take years to play out, the interim period could be one of great uncertainty for British and European tech firms, as well as for those U.S. companies with employees and customers across the pond. 

Startup News Digest: 6/17/2016

Startup News Digest: 6/17/2016

After months of deliberation, a U.S. Court of Appeals voted 2-1  to uphold the Federal Communication Commission's 2015 Open Internet Order. Engine and net neutrality advocates across the country celebrated the news, hailing the decision as a victory for thousands of startups that rely on the internet as a level playing field. Despite this affirmation of the FCC's authority to enforce net neutrality rules, the fight may not be over.

Startup News Digest: 6/10/2016

Startup News Digest: 6/10/2016

The debate over ECPA reform has come to a standstill in the Senate, with the Judiciary Committee delaying consideration of the Email Privacy Act again this week. The bill, which would require law enforcement to obtain a warrant before accessing digital communications, such as emails, found unanimous support in the House. But a number of Senators have attempted to add controversial amendments that would undermine support for the bill in the Senate.

Startup News Digest: 6/3/2016

Startup News Digest: 6/3/2016

News from Across the Atlantic. We’ll start with the bad news: the future for the U.S.-EU Privacy Shield is looking grim. As a refresher, in February, U.S. and EU negotiators reached a draft agreement on a restored data transfer pact between the U.S. and EU. But the draft was dealt two blows over the past week: first, European Data Protection Supervisor Giovanni Buttarelli said the shield needs “robust improvements,” and then the European Parliament passed a resolution that the deal violates the EU’s Charter of Fundamental Rights. 

Startup News Digest: 5/20/2016

Startup News Digest: 5/20/2016

Our weekly take on some of the biggest stories in startup and tech policy. In the wake of the Apple-FBI dispute, lawmakers have made encryption a top policy priority. Several Congressional working groups have now been established to determine the best approach to address regulation of encryption technologies, but very little of the public debate focuses on the detrimental impact any new rules could have on startups.