Tech Startups get much-needed Funding Boost with JOBS act

Tech startups just got a much-needed boost in processing power, with the new JOBS legislation passed in congress. The Jumpstart our Business Startups (JOBS) initiative currently being legislated into the US economy passed by a landslide and will vastly alter the startup entrepreneurial and investment landscape.

This new legislation, passed with a vote of 380-41, will remove some of the ridiculous red tape that startups are currently forced to endure when seeking funding. It will also allow young and small companies to go public sooner and allow for crowd-sourced funding, enabling startups to gets funds from small internet-based investors. Track the entirety of the JOBS legislation.

JOBS Act

Under the JOBS act companies looking for funding will no longer need to do so under cloak and dagger, nor contrary to advice from their lawyer. Funding-seeking companies will now be able to post information about their crowd and other funding efforts on their websites and social profiles.

Opponents to the new law object on grounds that opening up very public opportunities for investment in startups will open the public up to increased risk in consumer investment and increased vulnerability to fraud via unmanaged crowd-sourced funding.

Investment fraud and scams may pop up on both sides of the fence though. Small-scale internet investors could be ripped off by investing in risky, possibly fraudulent investments, while at the same time funding-seeking businesses may be taken advantage of fraudulent funding opportunities — especially now that their lawyers will have backed off on legal advice, now that public funding is no longer a legal matter.

Screw Protect IP, SOPA pushes ACTA-like Agenda — in other news: holy Anti-Piracy acronyms Batman!

Surprise, surprise — America is meddling in international affairs, again. The United State’s newest pet piracy project, the Stop Online Piracy Act (SOPA), is looking to bring the uber-American vigilante-style anti-piracy justice beyond its borders. This newest act in a long string of anti-piracy measures will allow the U.S Department of Justice to force an all-out boycott of websites hosting pirated content, regardless of their international locations.

As enforcement SOPA will require:

  1. ISPs to suspend access to their users for offending websites and
  2. require payment and ad networks (like Google AdWords, VISA and PayPal) to suspend services to offenders.

The new law would also force US-based search engines to remove the offending websites from search results.

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Laws bloggers should be aware of

The Internet is the fastest and simplest way to communicate to the rest of the world. As I’ve mentioned before, this is a double edged sword. The statements we make online can destroy our business image if we are reckless.

The consequences for not being careful online may be much more serious than we think. In the United States and many other countries, bloggers are now treated as journalists in some regards and can be sued or even prosecuted based on what they say. This article discusses some of the laws that bloggers need to be aware of.

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