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Still Seeking Promising Social Entrepreneurs
Just a reminder, Dear Reader, that we're still looking for your suggestions for our annual roundup of America's most promising social entrepreneurs (the suggestion period wraps up Friday, March 26).
We want to find entrepreneurs who are building profitable business models in which solving a societal problem is an intrinsic part of the business and not just a philanthropic sideline.
You can use the form on this earlier post to submit companies you'd like us to consider.
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Wednesday Links: Not Optimistic
Small business optimism is down, the NFIB's latest survey indicates, but the job openings subindex ticked up. More from Real Time Economics and The Economist.
The Guardian's Bobbie Johnson tries to size up the economy of startups built on Facebook.
Business owner and NYT blogger Jay Goltz advises managers to fire unhappy employees.
How to handle employee behavior on social media sites, by the WSJ's Sarah Needleman.
New European funds aim to boost women entrepreneurs, Jennifer Schenker reports over on BW's Europe Insight blog.
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The VC Author
Although VC money is not a fit in all cases, the lessons from VCs and the entrepreneurs they work with are useful in a broad range of businesses
This is a post by guest blogger Jeff Bussgang.
"I've decided to write a book," I told my wife over a year ago.
She gave me that what-the-bleep-are-you-talking-about look. You may be familiar with it with your spouse.
"You've what?"
"I've decided to write a book," I repeated, slightly less confidently.
"On what?"
"Venture capital and entrepreneurship."
"Why?"
"Well, when I was an entrepreneur, I couldn't find any good books on how this mysterious capital-raising process worked and how to harness the resources and knowledge of the VC industry to help build my start-up. Now that I've seen it from...
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Tuesday Links: Protecting Social Ventures
NPR's April Dembrosky examines efforts to create laws that protect social ventures from having to sell out values for shareholders' benefit.
FDIC Chief Sheila Bair says banks that aren't lending to consumers and business owners need to explain why, McClatchy's Kevin G. Hall reports.
Steve King of Small Business Labs on how the film industry and others are following the barbell pattern: a handful of big companies, lots of tiny ones, very few in the middle.
Kauffman's Dane Stangler dives deep into the patterns of how growth firms create jobs.
The WSJ and Dow Jones VentureSource rank 50 top VC-based companies.
Scott Shane, writing in Small Business Trends, explains what we can and can't learn from optimism surveys like the NFIB's.
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Chase's Ads: How Many Businesses Sought "Second Look?"
JPMorgan Chase has been trumpeting increases in lending to small businesses in full-page print ads. One running today in The New York Times describes the bank's new policy to give a "second look" to rejected business loan applicants who request another review:
This means our credit team gives a second look—and makes every reasonable effort—to approve those businesses that are only experiencing short-term stress due to the unprecedented economic downturn.
This extra step has already provided an additional $50 million in credit to 200 small business applicants who had been previously declined.
How many loan applicants requested a second-look? I asked Chase spokesman Tom Kelly this morning, but he told me the bank isn't sharing that information. So it's hard to evaluate...
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