Each day, Inc.'s reporters scour the Web for the most important and interesting news to entrepreneurs. Here's what we found today:
Hats off to Ron Conway. Angel investor Ron Conway, whose prolific portfolio has included Google and PayPal, wrote a scathing e-mail to the super angels involved in what's now being referred to as "Angelgate," and, yes, TechCrunch got a hold of it. When Michael Arrington crashed a secret meeting of angels this week and later wrote that they could be conspiring to cap startup valuations, he mentioned that "a couple of the attendees are saying they were extremely uncomfortable with the direction the conversation was going." Apparently, a partner at Conway's investment firm, David Lee, was one of them. In the e-mail, Conway calls fellow investors "driven by self serving factors around ego satisfaction and 'making a buck.'" He goes on to basically kick ass and takes names ... or rather, drops names. He writes that some fellow investors' actions are "despicable" and specifically calls David McClure out for blogging about the ordeal and causing "embarrassment" for Silicon Valley. Conway also defends David Lee, saying he was "uncomfortable with both gatherings." Conway drives the point home, writing that he wants to disengage, with all the e-mail recipients. "Lets agree to disagree and not have to even engage in any idle chit chat or discussion of any sort….ever." Wow.
Ciao to unlimited data? Verizon recently announced that it expects to start charging wireless customers on the amount of Internet data they use. Robert Chang, writing for the The Wall Street Journal, notes that "the wireless industry has struggled to balance the increasing demand for data capacity with unlimited plans that limit how much revenue carriers can generate from their subscribers." In other words, corporations like Verizon are having a hard time squeezing pennies from the unlimited monthly data plans. The announcement follows Apple's decision to halt sales of unlimited data plans to new customers, and replace it with two service plans that have monthly caps. Customers who go over their limits are charged. But could Verizon be shooting itself in the foot by reducing smartphone Internet use, which could be potentially tapped for revenue streams itself?
Is Obama's small business program falling on deaf ears? The $30 billion in federal lending the president pledged yesterday was supposed to aid struggling small businesses with easier credit and other incentives to grow and hire new workers. But what if businesses don't want the money? Today the AP reports feedback from a number of small businesses and community bank that show reluctance to participate due to concerns about expansion and heightened scrutiny. "We have taken a strategic decision not to have our primary regulatory, the government, also be a partner in our bank," said William Chase Jr., CEO of Triumph Bank in Memphis. Many businesses have also frozen plans to expand since the recession in 2008, and don't intend to borrow until customers and revenues grow as well. Additional fears arise from the strings attached to TARP funding, when participating banks had to later cut dividends to shareholders and limit compensation. While the government has promised fewer regulations this time around, many still balk at the program's ability to change the rules at any time.
Five myths about Facebook. As The Social Network premieres in New York, and Facebook does damage control in Silicon Valley, David Kilpatrick, author of The Facebook Effect: The Inside Story of the Company That is Connecting the World writes in the Washington Post about common misconceptions. Before you get too excited, remember, these are myths, not secrets. Example: "Facebook keeps changing to help sell advertising." Sure, there are tweaks over the use and display of personal data, but it's more about staying nimble than pleasing advertisers, Kilpatrick writes.
Need a job? Just text it. Fast Company reports on Assured Labor, a MIT offspring company that connects low-income job-seekers with employers over mobile SMS. The employment service, created by Harvard and Sloan School of Management students, launched in Mexico this week. Check out what the company's founder and CEO has to say here.
U.S. seeing rising discrimination complaints from Muslim employees. Even before the dispute over the planned construction of an Islamic center in Lower Manhattan erupted, more and more Muslim workers were filing religious discrimination complaints with the Equal Employment Opportunity Commission, The New York Times reports. "Although Muslims make up less than 2 percent of the United States population," the Times writes, "they accounted for about one-quarter of the 3,386 religious discrimination claims filed with the E.E.O.C. last year." The Times says that Islamic groups expect the 2010 numbers to set a new record. Complaints range from verbal taunts from co-workers like "terrorist" and "Obama," to employers prohibiting Muslim women from wearing head scarves.
The classy way to handle rejection. On his blog, venture capitalist Fred Wilson has some advice for any young company dealing with the anger and frustration of being turned down by investors. Rather than sending an expletive-laced e-mail to the firm that turned you down, Wilson says it is better in the long run to handle the rejection with class. "You need to thank the investor for taking a look," he says. "You need to keep the relationship intact for the next time you want to raise money." Wilson admits that it isn't easy to maintain composure after being told no, but he says, "I always make myself feel better by saying to myself 'this deal is going to be huge and the best revenge will be when they are kicking themselves for saying no.'"
More from Inc. magazine:
Get this delivered to your inbox.
Follow us on Twitter.
Follow us on Tumblr.
Like us on Facebook.
The newly formed �super PAC� of abortion rights advocacy group EMILY�s List drew most of the $430,000 it raised in August from just five sources, a Center for Responsive Politics review of campaign finance reports filed Thursday shows.
Last month, the PAC, known as Women Vote!, raised $250,000 from the Service Employees International Union and another $95,000 from four wealthy women philanthropists and investors who have been prolific political donors over the years, according to a Center for Responsive Politics analysis. Such contributions illustrate how relatively few people may now, in the aftermath of major federal court decisions, significantly affect the financial fortunes of certain political groups.
This $95,000 represents more than 50 percent of all non-SEIU contributions Women Vote! collected in August.
The largest individual contribution the group received in August came from New York investor Judith-Ann Corrente, who contributed $50,000.
Along with her husband, Blenheim Capital Management Chairman Willem Kooyker, Corrente is among the top 50 donors to all federal candidates, parties and committees so far this election cycle.
The other women to drop five-figure checks for the committee are as follows:
- Anne D. Taft, of Binghamton, N.Y. She contributed $25,000 and her occupation is listed as �investor� on the group�s Federal Election Commission filings
- Emily H. Fisher, a philanthropist who lives in Sheffield, Mass. She contributed $10,000 and her occupation is listed as �retired� on the group�s FEC filings
- Anne Bartley, of San Francisco. She contributed $10,000. Her occupation is listed as �investor� on the group�s FEC filings. She is married to Larry B. McNeil -- who is the director of the SEIU�s Institute for Change and who was a �Saul Alinski organizer for 25 years,� according to an official online biography
The EMILY�s List�s Women Vote! PAC was established earlier this year for the explicit purpose of making independent expenditures in hot races, for example, running advertisements overtly telling voters to support or defeat specific candidates. It is one of more than two dozen groups to register with the FEC as an �independent expenditure-only committee,� as OpenSecrets Blog has previously written about on numerous occasions.
The group has raised $1.5 million between January and August. It ended August with about $703,000 cash on hand.
It has spent $826,900 since January, including $65,800 on mailings in August touting Democratic U.S. Senate candidate Robin Carnahan and opposing Republican Senate candidate Roy Blunt in Missouri.
During previous election cycles, federal rules limited how much money PACs could collect from individuals. It was illegal to collect more than $5,000 per person, per year. But recent federal legal rulings -- including Citizens United v. Federal Election Commission and SpeechNow.org v. Federal Election Commission -- have changed that.
DNC Chair on Fox <b>News</b>: They are 'pushing' for Republicans – This <b>...</b>
President Obama is at the University of Wisconsin trying to rally the Democratic base as November elections near. In a newly published Rolling Stone interview, Obama called it "irresponsible" to paint the base as unenthusiastic.
From Poll, a Snapshot of Fox <b>News</b> Viewers - NYTimes.com
Voters who watch Fox News are more enthusiastic about the election and angrier with Washington, according to a New York Times/CBS News poll.
Glenn Beck vs. Fox <b>News</b>: 'Tension' Between Beck & Network
Glenn Beck appears on the cover of this weekend's New York Times Magazine in a lengthy profile written by Mark Leibovich. In the profile, Leibovich touches on tensions between Beck and Fox News, the network that catapulted him to ...
bench craft company rip off
benchcraft company scam
DNC Chair on Fox <b>News</b>: They are 'pushing' for Republicans – This <b>...</b>
President Obama is at the University of Wisconsin trying to rally the Democratic base as November elections near. In a newly published Rolling Stone interview, Obama called it "irresponsible" to paint the base as unenthusiastic.
From Poll, a Snapshot of Fox <b>News</b> Viewers - NYTimes.com
Voters who watch Fox News are more enthusiastic about the election and angrier with Washington, according to a New York Times/CBS News poll.
Glenn Beck vs. Fox <b>News</b>: 'Tension' Between Beck & Network
Glenn Beck appears on the cover of this weekend's New York Times Magazine in a lengthy profile written by Mark Leibovich. In the profile, Leibovich touches on tensions between Beck and Fox News, the network that catapulted him to ...
bench craft company rip off bench craft company rip off
Each day, Inc.'s reporters scour the Web for the most important and interesting news to entrepreneurs. Here's what we found today:
Hats off to Ron Conway. Angel investor Ron Conway, whose prolific portfolio has included Google and PayPal, wrote a scathing e-mail to the super angels involved in what's now being referred to as "Angelgate," and, yes, TechCrunch got a hold of it. When Michael Arrington crashed a secret meeting of angels this week and later wrote that they could be conspiring to cap startup valuations, he mentioned that "a couple of the attendees are saying they were extremely uncomfortable with the direction the conversation was going." Apparently, a partner at Conway's investment firm, David Lee, was one of them. In the e-mail, Conway calls fellow investors "driven by self serving factors around ego satisfaction and 'making a buck.'" He goes on to basically kick ass and takes names ... or rather, drops names. He writes that some fellow investors' actions are "despicable" and specifically calls David McClure out for blogging about the ordeal and causing "embarrassment" for Silicon Valley. Conway also defends David Lee, saying he was "uncomfortable with both gatherings." Conway drives the point home, writing that he wants to disengage, with all the e-mail recipients. "Lets agree to disagree and not have to even engage in any idle chit chat or discussion of any sort….ever." Wow.
Ciao to unlimited data? Verizon recently announced that it expects to start charging wireless customers on the amount of Internet data they use. Robert Chang, writing for the The Wall Street Journal, notes that "the wireless industry has struggled to balance the increasing demand for data capacity with unlimited plans that limit how much revenue carriers can generate from their subscribers." In other words, corporations like Verizon are having a hard time squeezing pennies from the unlimited monthly data plans. The announcement follows Apple's decision to halt sales of unlimited data plans to new customers, and replace it with two service plans that have monthly caps. Customers who go over their limits are charged. But could Verizon be shooting itself in the foot by reducing smartphone Internet use, which could be potentially tapped for revenue streams itself?
Is Obama's small business program falling on deaf ears? The $30 billion in federal lending the president pledged yesterday was supposed to aid struggling small businesses with easier credit and other incentives to grow and hire new workers. But what if businesses don't want the money? Today the AP reports feedback from a number of small businesses and community bank that show reluctance to participate due to concerns about expansion and heightened scrutiny. "We have taken a strategic decision not to have our primary regulatory, the government, also be a partner in our bank," said William Chase Jr., CEO of Triumph Bank in Memphis. Many businesses have also frozen plans to expand since the recession in 2008, and don't intend to borrow until customers and revenues grow as well. Additional fears arise from the strings attached to TARP funding, when participating banks had to later cut dividends to shareholders and limit compensation. While the government has promised fewer regulations this time around, many still balk at the program's ability to change the rules at any time.
Five myths about Facebook. As The Social Network premieres in New York, and Facebook does damage control in Silicon Valley, David Kilpatrick, author of The Facebook Effect: The Inside Story of the Company That is Connecting the World writes in the Washington Post about common misconceptions. Before you get too excited, remember, these are myths, not secrets. Example: "Facebook keeps changing to help sell advertising." Sure, there are tweaks over the use and display of personal data, but it's more about staying nimble than pleasing advertisers, Kilpatrick writes.
Need a job? Just text it. Fast Company reports on Assured Labor, a MIT offspring company that connects low-income job-seekers with employers over mobile SMS. The employment service, created by Harvard and Sloan School of Management students, launched in Mexico this week. Check out what the company's founder and CEO has to say here.
U.S. seeing rising discrimination complaints from Muslim employees. Even before the dispute over the planned construction of an Islamic center in Lower Manhattan erupted, more and more Muslim workers were filing religious discrimination complaints with the Equal Employment Opportunity Commission, The New York Times reports. "Although Muslims make up less than 2 percent of the United States population," the Times writes, "they accounted for about one-quarter of the 3,386 religious discrimination claims filed with the E.E.O.C. last year." The Times says that Islamic groups expect the 2010 numbers to set a new record. Complaints range from verbal taunts from co-workers like "terrorist" and "Obama," to employers prohibiting Muslim women from wearing head scarves.
The classy way to handle rejection. On his blog, venture capitalist Fred Wilson has some advice for any young company dealing with the anger and frustration of being turned down by investors. Rather than sending an expletive-laced e-mail to the firm that turned you down, Wilson says it is better in the long run to handle the rejection with class. "You need to thank the investor for taking a look," he says. "You need to keep the relationship intact for the next time you want to raise money." Wilson admits that it isn't easy to maintain composure after being told no, but he says, "I always make myself feel better by saying to myself 'this deal is going to be huge and the best revenge will be when they are kicking themselves for saying no.'"
More from Inc. magazine:
Get this delivered to your inbox.
Follow us on Twitter.
Follow us on Tumblr.
Like us on Facebook.
The newly formed �super PAC� of abortion rights advocacy group EMILY�s List drew most of the $430,000 it raised in August from just five sources, a Center for Responsive Politics review of campaign finance reports filed Thursday shows.
Last month, the PAC, known as Women Vote!, raised $250,000 from the Service Employees International Union and another $95,000 from four wealthy women philanthropists and investors who have been prolific political donors over the years, according to a Center for Responsive Politics analysis. Such contributions illustrate how relatively few people may now, in the aftermath of major federal court decisions, significantly affect the financial fortunes of certain political groups.
This $95,000 represents more than 50 percent of all non-SEIU contributions Women Vote! collected in August.
The largest individual contribution the group received in August came from New York investor Judith-Ann Corrente, who contributed $50,000.
Along with her husband, Blenheim Capital Management Chairman Willem Kooyker, Corrente is among the top 50 donors to all federal candidates, parties and committees so far this election cycle.
The other women to drop five-figure checks for the committee are as follows:
- Anne D. Taft, of Binghamton, N.Y. She contributed $25,000 and her occupation is listed as �investor� on the group�s Federal Election Commission filings
- Emily H. Fisher, a philanthropist who lives in Sheffield, Mass. She contributed $10,000 and her occupation is listed as �retired� on the group�s FEC filings
- Anne Bartley, of San Francisco. She contributed $10,000. Her occupation is listed as �investor� on the group�s FEC filings. She is married to Larry B. McNeil -- who is the director of the SEIU�s Institute for Change and who was a �Saul Alinski organizer for 25 years,� according to an official online biography
The EMILY�s List�s Women Vote! PAC was established earlier this year for the explicit purpose of making independent expenditures in hot races, for example, running advertisements overtly telling voters to support or defeat specific candidates. It is one of more than two dozen groups to register with the FEC as an �independent expenditure-only committee,� as OpenSecrets Blog has previously written about on numerous occasions.
The group has raised $1.5 million between January and August. It ended August with about $703,000 cash on hand.
It has spent $826,900 since January, including $65,800 on mailings in August touting Democratic U.S. Senate candidate Robin Carnahan and opposing Republican Senate candidate Roy Blunt in Missouri.
During previous election cycles, federal rules limited how much money PACs could collect from individuals. It was illegal to collect more than $5,000 per person, per year. But recent federal legal rulings -- including Citizens United v. Federal Election Commission and SpeechNow.org v. Federal Election Commission -- have changed that.
bench craft company rip off
DNC Chair on Fox <b>News</b>: They are 'pushing' for Republicans – This <b>...</b>
President Obama is at the University of Wisconsin trying to rally the Democratic base as November elections near. In a newly published Rolling Stone interview, Obama called it "irresponsible" to paint the base as unenthusiastic.
From Poll, a Snapshot of Fox <b>News</b> Viewers - NYTimes.com
Voters who watch Fox News are more enthusiastic about the election and angrier with Washington, according to a New York Times/CBS News poll.
Glenn Beck vs. Fox <b>News</b>: 'Tension' Between Beck & Network
Glenn Beck appears on the cover of this weekend's New York Times Magazine in a lengthy profile written by Mark Leibovich. In the profile, Leibovich touches on tensions between Beck and Fox News, the network that catapulted him to ...
bench craft company rip off bench craft company rip off
DNC Chair on Fox <b>News</b>: They are 'pushing' for Republicans – This <b>...</b>
President Obama is at the University of Wisconsin trying to rally the Democratic base as November elections near. In a newly published Rolling Stone interview, Obama called it "irresponsible" to paint the base as unenthusiastic.
From Poll, a Snapshot of Fox <b>News</b> Viewers - NYTimes.com
Voters who watch Fox News are more enthusiastic about the election and angrier with Washington, according to a New York Times/CBS News poll.
Glenn Beck vs. Fox <b>News</b>: 'Tension' Between Beck & Network
Glenn Beck appears on the cover of this weekend's New York Times Magazine in a lengthy profile written by Mark Leibovich. In the profile, Leibovich touches on tensions between Beck and Fox News, the network that catapulted him to ...
benchcraft company scam bench craft company rip off
DNC Chair on Fox <b>News</b>: They are 'pushing' for Republicans – This <b>...</b>
President Obama is at the University of Wisconsin trying to rally the Democratic base as November elections near. In a newly published Rolling Stone interview, Obama called it "irresponsible" to paint the base as unenthusiastic.
From Poll, a Snapshot of Fox <b>News</b> Viewers - NYTimes.com
Voters who watch Fox News are more enthusiastic about the election and angrier with Washington, according to a New York Times/CBS News poll.
Glenn Beck vs. Fox <b>News</b>: 'Tension' Between Beck & Network
Glenn Beck appears on the cover of this weekend's New York Times Magazine in a lengthy profile written by Mark Leibovich. In the profile, Leibovich touches on tensions between Beck and Fox News, the network that catapulted him to ...
benchcraft company scam
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