Last Friday, the Washington Senate passed an amended version of crowdfunding bill HB 2023. The bill passed through the Senate by a 46-2 vote. With only a few hours to spare on Friday afternoon, the Senate put the bill to a vote and it was passed by an overwhelming majority. What does this mean for small businesses in Washington? It means we’re one step closer to allowing small businesses to raise capital through crowdfunding, i.e. advertising your securities offering to the public and allowing the public to invest in your company for equity (a piece of the pie).

History of crowdfunding
Well before the passage of the JOBS Act on April 5, 2012, a group of entrepreneurs and investors began pushing the idea of…

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A recent article published by the Seattle Business Magazine points out that the Puget Sound area is well positioned to take advantage of the nation’s economic recovery. During a discussion at the 42nd Annual Economic Forecast Conference held in downtown Seattle on Thursday, the panel noted that compared to the rest of the US, the King County economy is doing well and continuing to grow. In particular, King County has a relatively low rate of unemployment.

Forecasters pointed out that the Puget Sound area is set to outperform the national economy primarily because of our region’s tech, aerospace, clean energy, and retail sectors.

Click here to read the full article.

For a look at this week’s national headlines for business news, check out…

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The Wall Street Journal recently published an article that discusses the outdated notion of “small business” in the U.S. The disconnect between small business policies and small business realities is making it so the benefits that were engineered specifically for “small businesses” don’t reach a large majority of the small business population. Here are some of the highlights from the article.

Outdated Programs Don’t Help Modern Startups
The Small Business Administration was created in 1953, a time when dynamic startups (such as Facebook) did not exist. It wasn’t until the 1990s that the boom of software and internet-based startups changed the small business landscape. Because the SBA did not contemplate this changing landscape, many of its programs are not tailored to meet…

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Recent data shows that the software industry accounted for more than one quarter, or $3.3 billion, of the investments (nearly $12.5 billion) made in the 1,046 funding deals during the third quarter in the U.S. According to Digimind, a competitive intelligence software firm, and data released by WhoGotFunded.com, the industrial and energy sectors came in second, receiving $1.9 billion, with an average of $16 million per deal.

Healthcare companies attracted $398 million across 54 deals, accounting for only three percent of the total investments. Consumer product and services companies raised $1.2 billion, which indicates investor confidence in the sector despite the slow (often stagnant) economic recovery.

These third quarter numbers are promising, as the data suggests that both investors and consumers are gaining…

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