Executive coaching should be accessible to anyone who is interested, but oftentimes scaling the education is not practical. With her company Zella Life, co-founder Remy Meraz is democratizing professional development using AI. We sat down with her to discuss AI, independent contractors, and more.
After working in the financial sector for over 20 years, Mical Jeanlys-White founded her own company, WealthMore, a wealth tech with a focus on tackling a key financial barrier—wealth building and management. Her company leverages technology to connect everyday Americans with accessible wealth management services, aiming to provide wealth creation for all. We sat down with her to discuss her journey in raising capital, navigating tax policy, the evolving role of AI, and more.
Student loan program heads to court, impacting future entrepreneurs
f you wanted to haul large amounts of water from a well, you would (at one point in history) need a resource, like a horse, to pull the load. You would measure how much weight the horse can pull per minute in terms of “horsepower.” In the world of AI, the resource required to make models work is compute, and it’s measured in FLOPS.
Vance Reavie is no stranger to entrepreneurship. Using his knowledge from previous ventures, he created an AI platform that intelligently automates manual marketing and merchandising workflows and content generation processes for brands and retailers. We sat down with Vance to discuss the startup ecosystem in Arkansas, AI policy and regulation, grant opportunities, and more.
The Big Story: PRO Act would limit startups’ access to independent contractors. House lawmakers this week passed legislation—known as the Protecting the Right to Organize (PRO) Act—that would, in part, change the definitions of employees and independent contractors. By expanding the definition of an employee, the bill would make it more difficult for startups and other small businesses to hire the outside contractors they need to launch and grow their companies.
“Engine is proud to support the Workforce Mobility Act, legislation that would give workers the opportunity to launch their own competitive startups without being hindered by non-compete agreements. This legislation would spur startup formation across the country by removing barriers to entry that serve to stifle innovation and entrepreneurship.”
The Big Story: Despite progress, barriers still stand in the way of Black founders. Although the U.S. startup ecosystem is increasingly vast and diverse, Black entrepreneurs across the country still face barriers to entry—such as a lack of equitable access—that make it more difficult for them to compete with their peers. And the pandemic has only exacerbated some of these disparities, with a report from the Center for Responsible Lending finding that approximately 95 percent of Black-owned firms stood almost no chance of receiving a first round Paycheck Protection Program loan from a traditional bank or credit union.
TLDR: The federal government recently solicited public input about a national strategy for building more diverse and inclusive innovation ecosystems. While startup communities across the country comprise individuals of every race, gender, ethnicity, and culture, more needs to be done to empower underrepresented entrepreneurs and dismantle the unjust barriers they routinely face. As the U.S. continues to address systemic inequalities, many startups, entrepreneurs, and support organizations are calling on the government to use this opportunity to support entrepreneurship for all.
“Last week’s introduction of comprehensive immigration reform legislation shows that the Biden administration is committed to positively reforming the country’s outdated immigration system. The White House and Congress now have the opportunity to pursue an immigration agenda that boosts immigrant entrepreneurship and provides startups and technology companies with greater access to the talented workers they need to grow and thrive.”
TLDR: As the Biden administration prepares to unveil an immigration reform bill this week that would provide millions of undocumented immigrants with a pathway to citizenship, policymakers need to remain mindful of the valuable skills and talents that foreign-born workers bring to the United States. In order to support entrepreneurs—particularly those economically disadvantaged by the pandemic—policymakers must improve access to high-skilled talent in any immigration reform efforts in order to bolster U.S. innovation.
TLDR: As we round out the second week of the Biden administration, the president is continuing to chart out the country’s long-term economic recovery from the pandemic. While President Joe Biden has already taken a number of positive early steps—including prioritizing vaccination efforts, rescinding harmful immigration orders issued by the previous administration, and advancing racial equity efforts—it is integral that the administration devote time during its first 100 days in office to support and strengthen America’s startup ecosystem across a range of policy areas.
The Big Story: Biden’s regulatory freeze is a mixed bag for startups. President Joe Biden’s decision to institute a 60-day regulatory freeze on new or pending rules from federal agencies and executive departments could significantly impact the U.S. startup community. As the Biden administration undertakes this assessment, which gives officials the opportunity to review proposed regulations from the previous administration, federal officials should take care to refrain from holding up any policies that would expand and enhance entrepreneurship, while taking a closer look at rules that would prove detrimental to innovation and competition.
In a new Medium post, Engine announced the launch of our Startup Agenda 2021, which outlines the policy priorities of the U.S. startup community. The Startup Agenda 2021 covers a range of policy issues that include capital access, connectivity, intellectual property, privacy, and more. As we explain in our post below, there are startups in every state and congressional district across the country, and their perspective is especially critical if policymakers hope to craft rules and regulations that boost innovation and competition.
The Big Story: Biden administration hits the ground running on immigration. The technology sector is already rallying behind President Joe Biden’s early immigration moves, which have included rolling back several of the previous administration’s harmful immigration policies and proposing legislation that would overhaul the nation’s immigration system. Now, entrepreneurs are hopeful that Biden will continue to undo the last administration’s policies, which have, among other things, limited tech companies’ access to high-skilled, foreign born talent.
TLDR: Although the technology industry remains hopeful that the incoming Biden administration will overturn President Trump’s harmful immigration policies, startups and other businesses are concerned that a federal rule published in the last days of Trump’s term would further weaken and restrict access to the H-1B visa program. Tech companies rely upon the significant contributions of foreign-born workers to grow their businesses, but ongoing efforts to limit access to crucially-needed talent will only drive high-skilled workers to other nations.
TLDR: Over the course of 2020, policymakers engaged on a variety of critical issues and concerns impacting the nation’s startup community, especially around the COVID-19 pandemic, which upended daily life for millions of Americans. Small businesses and entrepreneurs affected by the pandemic called for Congress to provide nascent companies with the emergency support needed to weather the economic uncertainty. The startup perspective has also been crucial in discussions about the importance of Section 230 for small Internet companies that host user-generated content, changes to a law that provides startups with a balanced framework for addressing allegations of online copyright infringement, policies limiting access to high-skilled talent, and much more. As the end of the year draws near, we wanted to highlight just a few of the policy issues that have affected the startup community in 2020.
TLDR: As the technology industry looks to President-elect Joe Biden to overturn the Trump administration’s immigration policies limiting access to high-skilled foreign talent, startups are continuing to pressure Congress to defend and expand the H-1B visa program. Tech companies rely upon the contributions of high-skilled foreign-born workers to drive innovation, but limiting access to this talent—particularly during the pandemic—could harm the long-term growth of U.S. startups.
The Big Story: Recognizing the contributions of veteran entrepreneurs. Each year, almost 200,000 service members transition to civilian life. Armed with leadership skills, technical knowledge, and problem-solving capabilities, many of these veterans choose to launch their own startups and small businesses as a way of using their military experience to further serve the public good. In fact, the U.S. Small Business Administration has found that veterans “are at least 45 percent more likely than those with no active duty military experience to be self-employed.” With more than 2.5 million U.S. businesses owned by veterans—approximately 9.1 percent of the nation’s private sector companies—it is especially critical that these entrepreneurs and founders receive the attention and support that they need to thrive. As we reflect on Veterans Day and the contributions of those who have served our country, Engine wanted to take the opportunity to also celebrate just some of the contributions of veteran-led startups across the United States.
The Big Story: Where Trump and Biden stand on tech policy. With the election in full swing, President Donald Trump and Democratic presidential nominee Joe Biden are wrapping up their respective campaigns. Ahead of the impending election, we wanted to take a look at where the major party candidates stand on some critical tech and startup issues.
TLDR: The U.S. tech industry and startup ecosystem rely upon the important contributions of high-skilled foreign talent to drive innovation and economic growth. But the Trump administration’s efforts to undermine the country’s visa programs by suspending work visas for immigrants and attempting to narrow eligibility for H-1B visas will harm domestic innovation and drive qualified talent to other countries.
The ongoing COVID-19 pandemic has brought change to every facet of life and government. While Congress’ focus has largely been on providing direct relief for workers and business owners struggling with the financial impact of the outbreak, recent actions taken by the Trump administration on immigration issues stand to impact the talent needs of American businesses.
TLDR: Uber and Lyft may have to suspend their services in California after a San Francisco judge ruled last week that the firms must comply with a state law—Assembly Bill 5 (AB 5)—that requires California companies, including “gig economy” platforms, to reclassify many independent contractors as employees. Although the law is ostensibly targeted at larger platforms like Uber and Lyft, it is likely to be an existential threat for smaller startups.
The Big Story: Startup community voices concerns about suspension of H-1B visas. U.S. startups are asking the Trump administration to reconsider a recent decision that will limit access to high-skilled talent amid the coronavirus pandemic. In a new letter, Engine and 118 startups, entrepreneurial organizations, and other companies—including Pinterest, Postmates, Reddit, and Twitter—are asking President Donald Trump to reconsider his suspension of work visas to high-skilled foreign workers, including those issued under the H-1B visa program. The letter comes after the president signed an executive order last week temporarily halting the issuance of work visas for foreign workers through the end of the year.
This afternoon, Engine released a letter signed by 118 startups, entrepreneurial organizations, and other companies—including GitHub, Postmates, Reddit, and Twitter—asking the Trump administration to reconsider its recent suspension of work visas for high-skilled foreign workers, including those issued under the H-1B visa program.
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