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According to the latest survey from the Center for Venture Research a the University of New Hampshire, the angel investor market is showing promising signs of recovery—across the board in terms of dollars invested, total numbers of investments and total number of investors.
Congress is in recess with members back in their home states and districts as they focus on campaign work over the next several weeks. They will return to Washington at some point after the November 6 election.
The debate has been raging for a while now concerning immigrant entrepreneurs and what could or should be done to keep them--and the jobs they create through their startups--in the U.S. Startup visas and other policies to make it easier for them to stay and start new firms have been a part of numerous pieces of legislation on Capitol Hill.
Each day, Innovation Daily checks the pulse of global innovation--courtesy of Innovation America. Here, we take a look at a handful of relevant stories it compiled last week.
If someone asked you to name the U.S. city with the highest percentage of high-growth companies, the safest response--and one given by most everyone--would be San Francisco, probably followed by Boston. But while those two are in the top 5, they trail Washington, DC, Salt Lake City and Austin. In fact, the nation's capital even comes out on top when it comes to raw totals.
A recently released briefing paper by the Hudson Institute shows job creation from new firms at an all-time low. “The Collapse of Startups in Job Creation” paints a bleak picture where the number of new firms being created today is even smaller than two years ago when the worst of the recession ended.
As we anticipated last week—well, us and pretty much everyone else who tracks the comings-and-goings of Congress—the House and Senate adjourned for a six-week recess so that they could focus on campaigning ahead of the general election in November. Somewhat comically (and predictably), Democrats called on the GOP majority in the House to postpone the recess while Republicans similarly chided the Democratic majority in the Senate – meanwhile, the media threw up its hands at both. The departure is the earliest pre-election recess since John F. Kennedy faced-off with Richard Nixon in 1960.
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