Category Archives: Ethics,Laws & Policy

After Their Own Manufacturer Betrayed Them With a Copycat Product, These Founders Fought Back

Chuck Shirley and Relina DeDios-Shirley were recruiters when they started HIDEit Mounts, a company that designs and sells device mounts that camouflage game consoles and cable boxes. Their online business was growing steadily, but when they did some detective work on a competitor, they discovered they were being copycatted–by one of their own manufacturers. Read more>>

USCIS Proposes Rule to Welcome International Entrepreneurs

U.S. Citizenship and Immigration Services (USCIS) is proposing a new rule, which would allow certain international entrepreneurs to be considered for parole (temporary permission to be in the United States) so that they may start or scale their businesses here in the United States. The proposed rule would allow the Department of Homeland Security (DHS) to use its existing discretionary statutory parole authority for entrepreneurs of startup entities whose stay in the United States would provide a significant public benefit. Read More>>

Net Worth Of Theranos’ Elizabeth Holmes Plunges To $0 In New ‘Forbes’ Estimate

Citing her company’s problems, Forbes says it has sharply revised its estimate of the net worth of Theranos founder Elizabeth Holmes. She founded Theranos and said she would disrupt the world of medicine with easy and inexpensive blood tests. One year after Holmes topped the magazine’s list of the wealthiest self-made women with a worth of $4.5 billion, Forbes now values her fortune at “nothing.” Read More>>

A patient reportedly went to the emergency room based on a blood test that Theranos had to retract

Troubled startup Theranos has voided two years’ worth of blood tests result from its flagship Edison machines. That means that anybody who got a Theranos blood test during that period may have gotten wrong results.In fact, one patient went to the emergency room in 2014 based on a Theranos blood test result, says a report – a result that’s now been amended. That’s important, because Theranos is facing a criminal investigation, and it’s trying to prevent further problems. Read More>>

Facebook’s Piracy Problem

A form of online piracy called “freebooting” has grown rampant on Facebook in just the past year. For the first time in its history, YouTube has a real rival and Facebook isn’t playing by the same rules.
Australian film maker Brady Haran coined the term freebooting to describe the act of taking someone’s YouTube video and re-uploading it on a different platform for your own benefit. Read More>>

3 female founders on what it’s like to run a startup when you’re under 30

The global technology industry is woeful when it comes to female representation and diversity. Youth, on the other hand, has real currency in this brave new world. But what it is to be both a woman and young while working on your own startup?
The article talks about three female founders all under 30, who are in the trenches, growing their own businesses and leading international teams. Read More>>

Bing Makes Predictions, Search Wave Provides Insights Ahead Of Super Tuesday

Heading into Super Tuesday, Microsoft Bing now shows voters a detailed breakdown of search volume for each candidate based on age, state, and gender. Bing also released a new set of predictions for Super Tuesday, predicting outcomes for the 11 Primaries and Caucuses.
Bing predicts Donald Trump to win almost all the Republican primaries and caucuses whereas Ted Cruz is expected to win his home state of Texas. Hillary Clinton is predicted to win 10 out of 11 states, with the exception of Vermont. Read More>>

How Zenefits Crashed Back Down To Earth

Human resources startup Zenefits developed a software program that new recruits can download and run which would speed up the process of becoming a licensed health insurance broker in California — a mandatory credential for their work selling insurance to small businesses. The Program enabled Zenefits employees to spend less than the legally mandated 52 hours in pre-licensing training.
This institutionalized cheating got caught up when Parker Conrad, the 35-year-old co-founder and CEO, was forced to resign over what the company described as widespread failures of regulatory compliance. Read More>>

Early Stage Investing For Entrepreneurs And Individual Investors Just Got A Whole Lot More Attractive

On December 18, the Congress passed the PATH Act (Protecting Americans from Tax Hikes) which is a part of Congress’ interest in encouraging long-term investing. This bill is a great news for entrepreneurs and other individuals financing startups and companies in the earliest stages of growth, as well as general partners and individual investors in venture capital funds. Read More>>