Austin’s Venture Capital

In my previous blog post, I discussed Austin, Texas' strong history of entrepreneurship and the many resources in the ecosystem. Supportive Austin policies have resulted in the creation of the Entrepreneur Center of Austin, and resources like Capital Factory and Tech Ranch Austin have emerged. Austin's entrepreneurial ecosystem appeared to be healthy. A recent PitchBook Report discussing venture capital in Austin shows the ecosystem to not be as healthy as previously thought. In 2014, Aus...
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The International Entrepreneur Rule: The US Startup Visa

The Obama administration proposed new provisions for immigrant entrepreneurs in August 2016. The administration designed the proposal to attract international entrepreneurial talent to the United States, especially in advanced technology fields. In mid-January, with only days left in President Obama’s term, the United States Citizenship and Immigration Services (USCIS) finalized the details of the "International Entrepreneur Rule." It is scheduled to go into effect on July 17, 2017. Whether it g...
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The Right to Entrepreneurship

USAID has worked to increase micro credit accessibility. For example, this project in Indonesia provided loans to rural women. https://commons.wikimedia.org/wiki/File:USAID_Micro_Credit_Project.jpg
Entrepreneurship and human rights are not frequently mentioned in the same conversation in the United States. However, in international policy, human rights and entrepreneurship are linked by many common policy goals, including enforcing the rule of law, improving infrastructure and fighting corruption. Rights necessary to pursue entrepreneurial endeavors–like the right to participate in the economy, the rights to education and information and access to credit–are considered crucial for the worl...
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Keep Austin Entrepreneurial

Ranked number one for startup activity in the last two years by the Kauffman Foundation, Austin, Texas is one of the strongest emerging entrepreneurship ecosystems in the United States. Austin's history of entrepreneurship and supportive government has facilitated Austin's emergence as an entrepreneurial ecosystem. Austin's History of Entrepreneurship During the 1970s and 1980s, Austin's entrepreneurial ecosystem focused on computer and semiconductor manufacturing. Efforts by the Austin Chambe...
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Entrepreneurship Weekly Roundup: 11/18/2016

Weekly Roundup is a McNair Center series compiling and summarizing the week’s most important Entrepreneurship and Innovation news. Here is what you need to know about entrepreneurship this week: Nationalism is not putting a damper on this trillion-dollar sector Elaine Pofeldt, Contributor, CNBC.com CNBC Contributor Elain Pofeldt observes that the United States and Europe are witnessing a rise in nationalist and anti-globalization sentiment. She cites Mr. Trump’s election and the Brex...
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Small Business and Overtime Regulation

Clocking in: Small Business and Overtime Regulation What is the New Overtime Regulation? On December 1, 2016, the Labor Department will officially institute new regulations on overtime eligibility for workers. Announced on May 17, the new rules require business owners to pay salary workers earning up to $47,476 a year time-and-a-half overtime pay when they work more than 40 hours during the week. This new regulation will be updated every three years to adjust for average pay in the United Stat...
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Immigrants and Entrepreneurship

Embracing Immigrant Entrepreneurs Every day Sharan Gahunia, owner of Raja Sweets in the Hillcroft area of Houston, Texas, sells mithai and other Indian pastries in the shop her father founded over 30 years ago. When Raja Sweets first opened up, there was little South Asian cuisine and culture within Houston, but through hard work and entrepreneurship, South Asian immigrants like Gahunia have helped turn the Hillcroft area into a booming cultural center officially recognized as the Mahatma Gandh...
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A Conversation with Bob McNair

On August 29, 2016, the McNair Center for Entrepreneurship and Innovation hosted an evening with Bob McNair.  As the founder of Cogen Technologies and the founder, chairman, and CEO of the Houston Texans, McNair drew on his vast experience in business and philanthropy to offer advice to Rice University students and young professionals. In 1960, McNair arrived in Houston with $700 and a goal to break into the trucking industry. However, after he established his trucking company, the industry b...
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