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Latest From The Sbir Insider

TheFunded.com Advice

Posted by level on 2008-06-13

PUBLIC:

The gist - A bill was passed by the House that would decrease the number of SBIR's, increase the amounts, and change the definition of small business to include companies with a majority VC and/or University ownership. The Senate wants to rework the Bill - several senators think it went way overboard in pandering to the VC lobby.
Some concerns for entrepreneurs (from the Bill as passed in the House) are potential loss of leverage with VC's at the very early stages, potential disenfranchisement of Academic inventors, competition from VC owned firms squeezing out SBIR bootstrapping.

Some of my comments on the bill follow in private.
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Excerpted. Complete newsletter (and archives) by following link at bottom.

HOUSE SBIR REAUTHORIZATION BILL GETS "COOL" RECEPTION IN THE SENATE
... Case in point is H.R. 5819, the House's version of SBIR Reauthorization. Most of the Senate "players" we heard from, on both sides of the aisle, agree that the House went overboard on their bill and consequently it is a non-starter. ...

The Senate Committee on Small Business and Entrepreneurship (SBE) led by its chair, John Kerry [D-MA], and ranking member Olympia Snowe [R-ME], give the impression that there is little hope for a bicameral solution via H.R. 5819, and thus discussions are underway in the Senate for a more workable bill.

... The House leadership refused to even utter the "C" word (Compromise), preferring to concentrate on what some call the "CW" phrase (Corporate Welfare for VCs). The VC push was so strong that at least one representative was stabbed in the back by someone in their own party!

www.zyn.com/sbir
(also some useful SBIR reaources)

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