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.

#StartupsEverywhere: Tysons, Va.

#StartupsEverywhere: Tysons, Va.

Enployable is a new AI-powered platform that matches job openings with potential candidates through systems that identify cultural and personal priorities for all parties involved. Based in Tysons, Virginia, Founder and CEO Laura Truncellito walked us through the company’s platform and goals, the importance of building equitable artificial intelligence systems, and how she thinks policymakers can support AI startups.

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.

#StartupsEverywhere: Westwood, Mass.

#StartupsEverywhere: Westwood, Mass.

Scroobious is an online platform and community connecting early-stage founders to investors and partners. Their Pitch it Plan™ provides founders with unique resources and tools for success throughout the pitching process. We spoke with Founder and CEO Allison Byers on how her platform has given her unique perspectives on underrepresented founders, what it means to be both a mother and an entrepreneur, and how policymakers can better support the tech ecosystem.

Letter Urges PTO Leadership to Prioritize Startups, Engage Their Voices

Letter Urges PTO Leadership to Prioritize Startups, Engage Their Voices

Letter Urges PTO Leadership to Prioritize Startups, Engage Their Voices. Today, over fifty startups, entrepreneurs, innovation support organizations, and investors from across the country joined in a letter to the incoming Director of the Patent and Trademark Office (PTO), Kathi Vidal, urging her to engage with the needs and experiences of startups and small business innovators.

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.

#StartupsEverywhere: Chicago, Ill.

#StartupsEverywhere: Chicago, Ill.

Chicago:Blend is a non-profit ecosystem support organization founded by a group of venture capitalists. Its purpose is to bridge equity gaps for underrepresented funders and founders and ensure that diversity, equity, and inclusion remain integral parts of Chicago’s VC industry. We had the chance to talk with Executive Director Joey Mak about why representation is essential to societal and economic progress, and how venture capitalists can help keep equitable access at the top of policymakers’ minds.

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.

#StartupsEverywhere: Omaha, Neb.

#StartupsEverywhere: Omaha, Neb.

Job Share Connect is a digital platform that provides a way for employees and employers to explore the world of job sharing. Their software enables interested candidates to look for job share opportunities and to match with potential job share partners. Co-Founder and Co-CEO Jessica Charlsen told us about what led her to Job Share Connect, the benefits of job sharing, and how policymakers can better support entrepreneurs through public policies that support accessing capital outside traditional technology hubs.

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.

Policymakers should expand the pool of startup investors, not narrow it

Policymakers should expand the pool of startup investors, not narrow it

Public policy shapes the rules of the game that startups and investors must play by as they begin and grow businesses. Sometimes, policy limits who is allowed to play the game at all. The Securities and Exchange Commission’s (SEC) “accredited investor” definition—one of the primary measures that determines who can participate in private securities offerings—is one of those rules.

#StartupsEverywhere: Chicago, Ill.

#StartupsEverywhere: Chicago, Ill.

Fifth Star Funds is a venture philanthropy fund that seeks to create a more equitable start-up ecosystem in Chicago, Illinois through early-stage investment. We sat down with Samir Mirza, Co-Founder and Executive Director, and Francisco Martinez, Venture Associate and Head of Marketing Communications, to talk about their organization’s mission, the racial funding gap, and how policymakers can provide much-needed support to help underrepresented founders scale their businesses.

Ten Times Startups Spoke Out on Policy in the Last 10 Years

Ten Times Startups Spoke Out on Policy in the Last 10 Years

The startup ecosystem is not a monolith. Startup founders, investors, and support organizations all have different missions, priorities, and business models, and none of them have the time or resources to spend following policymakers’ every move. But when startups join together to speak with one voice, policymakers listen. As Engine turns 10, we’re celebrating a decade of work to #StandWithStartups and how we’ve raised the startup perspective for policymakers in D.C. Here are the 10 biggest ways that startups have influenced policy conversations in the last 10 years.