Here in the State of Washington, we lost our patience with the Federal government, it’s JOBS Act, and the lack of rules making progress at the SEC. In 2014, we passed the Washington Jobs Act, and starting November 1st, it is legal for Washington businesses to sell equity to any Washington residents. With some limits. Companies can raise up to $1 million Investors can invest the greater...
In working with 100+ entrepreneurs at my accelerator, my pre-accelerator, in my MBA class and elsewhere, I constantly see entrepreneurs looking forward into the unknown future, but few looking backward. Not backward into the past, but backward from their ultimate goal. This is most easily explained by stepping back to pre-school, back to the time when you first learned about mazes: In this maze...
In the complicated path from idea to startup, there often come times when a larger-than-normal hurdles get in the way. Not impossible hurdles. Not something outrageous. Just a hurdle that seems difficult, but which can be solved using brute force. Brute force solutions can take a few hours of effort or a few weeks of effort. The commonality is that they are monotonous, time consuming, and...
Here in the State of Washington, we lost our patience with the Federal government, it’s JOBS Act, and the lack of rules making progress at the SEC. In early 2014, we passed the Washington Jobs Act, and are moving forward toward legal equity crowdfunding for Washington companies and residents. The last step in that process are the rules from our State regulator, the Department of Financial...
