It is becoming more apparent that American startups are facing a bad year, and financial relief is far from coming. Higher interest rates, a shaky U.S. economy, and the recent banking crisis have led to a shortage of funds for capital-hungry startups in their early stages, along with less opportunity for those in late-stage development…
American Startups Facing a Tough Situation in 2023, With Little Sign of Relief
Venture Capital Funding for Start-Ups Plummets, Fewest Deals in Five Years
Venture capital funding for start-ups plummeted by more than half in the first quarter of 2023 compared with the year before. The period saw a massive slowdown in the tech industry, as the number of new funding agreements fell to less than 3,000, a 55 percent decline and the lowest level in more than five years. American-based…
Impact of Silicon Valley Bank’s Fall on Startup Community
Silicon Valley Bank (SVB) was the go-to bank for many startups for years. How has its fall affected the startup community? We talk to startups that have been impacted by SVB’s fall to get their stories. One firm we spoke to moved over $600,000 out of SVB during the bank run. Alison Greenberg, CEO of…
Building the American Dream Beyond Tech Hubs: Investor
Following the dramatic fall of FTX and its young founder Sam Bankman-Fried, which blindsided investors, some might argue that it’s time for venture capitalists to pay more attention to entrepreneurs in overlooked communities across the country who are building the new American dream. Over the past decade, nearly 75 percent of venture capital has gone…
Building the American Dream Beyond Tech Hubs
Following the dramatic fall of FTX and its young founder Sam Bankman-Fried, which blindsided investors, some might argue that it’s time for venture capitalists to pay more attention to entrepreneurs in overlooked communities across the country who are building the new American dream. Over the past decade, nearly 75 percent of venture capital has gone…
Steve Case, Who Co-founded AOL, is Now on an Epic Mission to Nurture Creative Startups in America’s Heartland
What do an at-home water testing kit company, a luxury watchmaker, and an online farmland real estate investment platform have in common? First, they were started in America’s heartland—Zionsville, Indiana; Detroit, Michigan; and Fayetteville, Arkansas, respectively—far from the usual, bicoastal venture capital hubs. Second, their initial potential was spotted and funded by AOL co-founder Steve…
New Startup Companies To Help Make Moving Homes Easy
Dear Monty: We are nearing retirement age and thinking of changing our housing situation. We see people we know or hear about making choices that surprise us. There seem to be many more living options today. There also appear to be more paths to get there. Selling a home, ownership choices, renting and where to…
5 Low-Budget Marketing Ideas for Bootstrapped Startups
By Lynn Power Many startups (like ours) don’t have outside investors. We have chosen to self-fund our business, which has its pros and cons. While we are maintaining control (a good thing), one of the biggest challenges is funding marketing, which as we all know, is necessary to grow. The good news is that there…
California Named Third Top Economy in U.S., Unemployment Persists
Commentary California was named the third-strongest economy in the U.S. by WalletHub despite all the state’s metropolitan areas’ unemployment rates being among the worst in the country. Of the 27 California metropolitan areas tracked by the U.S. Census Bureau, all rank in the bottom half for employment. Within the state, Silicon Valley (San Jose-Sunnyvale-Santa Clara)…
California Named 3rd Top Economy in US, Unemployment Persists
Commentary California was named the third-strongest economy in the United States by WalletHub despite all the state’s metropolitan areas’ unemployment rates being among the worst in the country. Of the 27 California metropolitan areas tracked by the U.S. Census Bureau, all rank in the bottom half for employment. Within the state, Silicon Valley (San Jose-Sunnyvale-Santa…
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