Entrepreneurial

Small private equity firms may get registration extension: SEC

The Securities and Exchange Commission appears ready to extend a transition period for some private equity firms and other investment advisers required to register with the agency under provisions in the Dodd-Frank financial reform law.

The changes have been the cause of much worry and harried preparation among advisers, particularly smaller and mid-sized private-equity firms subject to new requirements under the legislation.

SEC Associate Director Robert Plaze told Reuters the transition period would likely be extended, but stressed the agency had not yet acted.

He was reiterating comments contained in an April 8 letter made public on the agency’s website. The letter was addressed to David Massey, the deputy securities administrator for the state of North Carolina and president of the North American Securities Administrators Association.

“We anticipate that the Commission will complete its implementing rulemaking by July 21, 2011 in accordance with the Dodd-Frank Act, but expect in connection therewith that the Commission will consider providing additional time for investment advisers affected by these provisions to come into compliance,” Plaze wrote.

10 questions to find the right bank for your business

– Mary Goodman and Rich Russakoff are co-founders of Bottom Line Up Enterprises. This article originally appeared on The Money Dept. column for BNET. The views expressed are their own. –

Finding the right bank for your business is not all that different from finding the right mechanic for your car, or the right surgeon for an operation. You need some objective information first.

The best way to determine whether or not to consider a particular bank is to find out the answers to the following 10 questions. Use them as your starting point, but know that you should dig deeper if you can.

Managing elephant-sized social media blunders

Global brand strategist Jonathan Salem Baskin can’t help but scratch his head over the rationale behind the controversial social media dispatch from GoDaddy founder Bob Parsons. The flamboyant CEO sparked a backlash recently when he posted a video link to his elephant shoot in Kenya Zimbabwe.

Baskin offers the following advice on how small businesses can prevent or manage social media blunders.

Q: Are social media posts pertaining to a business owner’s non-business doings relevant to consumers?

10 things every entrepreneur needs to try

– Neil Patel is a serial entrepreneur who blogs about business at Quick Sprout and is the co-founder of KISSmetrics. This article originally appeared here. The views expressed are his own. –

Being an entrepreneur obviously isn’t easy, which is why most people shy away from trying to be one. Before you throw out the idea of becoming an entrepreneur, make sure you check out the following free services and programs:

Microsoft Biz Spark

Whether you love or hate Microsoft, as an entrepreneur, you’ll need their software. For example, I always find myself using Excel, Word and PowerPoint. There really isn’t a day that goes by in which I’m not using one of those applications.

3 ways to help your startup succeed

– Stephanie Rabiner is a contributor to FindLaw’s Free Enterprise blog. FindLaw is a Thomson Reuters publication. This article originally appeared here. –

The number of startups has been steadily increasing, with 2010 boasting a 15-year high with 565,000 new startups each month.

Experts pin the growth on unemployment and dissatisfaction, but, according to CNN Money, experts also caution that starting a business out of desperation is not the right path to startup success.

Blippy co-founder contemplates next move

– Connie Loizos is a contributor to PE Hub, a Thomson Reuters publication. This article originally appeared here. The views expressed are her own. –

As a little boy, Philip Kaplan, the serial entrepreneur long known as Pud, was “force fed” Ritalin. Kaplan says this with a laugh, but even today, the 35-year-old admits to having trouble focusing for too long on any one thing. “My wife says I’m like a kitten with a ball of yarn,” he shrugs.

Kaplan’s attraction to the next shiny new thing has led him to start dozens of companies in his lifetime, including F*ckedCompany, which famously chronicled dot.com busts and saw 5 million monthly unique visitors at its peak a decade ago; AdBrite, the advertising sales and services network; and Blippy, a controversial social network that asks users to share their credit card and online purchases.

Startup incubators multiplying like “mosquitoes”

– This is a Venture Capital Journal article that  appeared on PE Hub – both are Thomson Reuters publications. –

There’s no denying that an incubator rebirth is taking place, thanks in large measure to Y Combinator.

Y Combinator clones are everywhere. Several dozen of them already exist and insiders expect more than 100 such incubators will be operating nationwide before long. And they’re busy churning out plenty of startups. This past week, AngelPad held a demo day for its startups to pitch VCs, its second demo day in less than six months.

The 100 most influential VCs and angels

– Mark Boslet is a contributor to PE Hub, a Thomson Reuters publication. This article originally appeared here. –

Any list of the 100 most influential venture capitalists and angels should include the likes of John Doerr, Ron Conway and Michael Moritz, right?

Not necessarily. And not if the list you’re referring to is the “100 Most Influential VCs, Angels and Investors” compiled by Lucy Marcus, the Huffington Post columnist and the non-executive board chair of the Mobius Life Science Fund.

The right way to do home office deductions

– Stephanie Rabiner is a contributor to FindLaw’s Free Enterprise blog. FindLaw is a Thomson Reuters publication. This article originally appeared here. –

Some people believe that home office deductions are akin to begging the IRS to audit your taxes. While this can be true in some situations, home office tax deductions, if done properly, are completely legal and can provide a big payoff.

So if you work from home, consider the following tips. Home office tax deduction rules are a bit tricky, but with a little forethought and attention to detail, you should be just fine.

Pre-money valuations rose in 2010: report

– Mark Boslet is a contributor to PE Hub, a Thomson Reuters publication. This article originally appeared here. –

Deal terms and valuations shifted in favor of entrepreneurs last year as onerous term sheets became less common and money flowed more freely.

These were the findings of a study by the law firm Cooley released this week. (The data comes from transactions in which Cooley served as counsel).

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