{"id":1028,"date":"2017-02-03T20:17:33","date_gmt":"2017-02-04T01:17:33","guid":{"rendered":"http:\/\/mcnair.bakerinstitute.org\/blog\/?p=1028"},"modified":"2020-10-15T11:58:11","modified_gmt":"2020-10-15T15:58:11","slug":"weekly-roundup-entrepreneurship-2317","status":"publish","type":"post","link":"https:\/\/www.edegan.com\/articles\/weekly-roundup-entrepreneurship-2317\/","title":{"rendered":"Entrepreneurship Weekly Roundup: 2\/3\/17"},"content":{"rendered":"

Weekly Roundup is a McNair Center series compiling and summarizing the week\u2019s most important Entrepreneurship and Innovation news.<\/h3>\n

Here is what you need to know about\u00a0entrepreneurship this week:<\/h4>\n
\n

Reducing Recidivism through Entrepreneurship<\/a><\/h3>\n

Catherine Kirby, Research Assistant, McNair Center for Entrepreneurship and Innovation<\/i><\/p>\n

In her latest piece, McNair\u2019s Kirby highlights the promise of entrepreneurial programs in curbing recidivism among newly released inmates. Beyond supporting local economies and communities, reducing recidivism increases productivity of the formerly incarcerated – an often overlooked and underutilized portion of the labor force.<\/p>\n

Many ventures that offer entrepreneurial education programs in prisons have witnessed high returns on their investments. For instance, alumni of the Prison Entrepreneurship Program<\/a>, a Houston-based nonprofit, boast a 100% employment rate after one year of their release and have created more than 2,000 small businesses.<\/p>\n

\n

Report: Trump Plans H-1B and Other Work Visa Reforms<\/a><\/h3>\n

Ingrid Lunden, Writer, TechCrunch<\/i><\/p>\n

President Trump’s recent\u00a0executive order<\/a>\u00a0on immigration\u00a0was criticized by some Silicon Valley tech firms, including Google, Facebook and Microsoft. According to a report published by Bloomberg, the administration plans to announce another executive order that will reform the H-1B visa program. A draft of the order circulated by Bloomberg <\/a>reveals an emphasis on protecting American workers.<\/p>\n

Many tech companies rely on H-1B visas for recruiting \u00a0foreign employees who possess specific skills or\u00a0talent that cannot be found domestically. However, there is a bipartisan consensus that the visa program needs reform as\u00a0many outsourcing firms abuse\u00a0H-1B visas. \u00a0Some legislators\u00a0propose adding wage requirements to increase\u00a0competition and quality in foreign recruitment.<\/p>\n

\n

Snap Said to Choose NYSE over Rival Nasdaq for Upcoming IPO<\/a><\/h3>\n

Sarah Frier and Alex Barinka, Reporters, Bloomberg Technology<\/i><\/p>\n

Snap Inc.’s IPO will go through the New York Stock Exchange for its IPO, which is expected to come sometime in March. Snap\u2019s choice reflects a reversal in tech IPO\u2019s, as\u00a0an increasing number\u00a0of\u00a0tech firms are choosing the NYSE over the Nasdaq to debut their shares. This transition follows Facebook’s\u00a0botched IPO on Nasdaq\u00a0in 2012.<\/p>\n

In other news, Snap Inc. is developing technology that will update Snapchat<\/a>\u2019s in-app lenses to include filters for environments and landscapes. The AR features, though not scheduled for a near-term launch, also offer an attractive \u201crange of options for potential advertisers.\u201d<\/p>\n

\n

Small Businesses Uneasy over Border-Adjustment Tax Plan<\/a><\/h3>\n

Ruth Simon and Richard Rubin, Reporters, Wall Street Journal<\/i><\/p>\n

The U.S. House Republicans\u2019 proposal to reform\u00a0the tax code includes an important section\u00a0on border adjustment. Border adjustment restricts businesses from deducting the costs of imports from their\u00a0taxable income. Some skeptics fear\u00a0that the\u00a0provision will pressure firms that rely on imports to raise their prices.<\/p>\n

However, small businesses that rely on\u00a0imports for obtaining cheap raw materials worry that border adjustment will bring higher operating costs. According to House Representative Tom Reed (R – N.Y.), a member on the House Ways and Means Committee, lawmakers are considering offering \u201csafe harbors\u201d \u00a0for small businesses to avoid increased expenses.<\/p>\n

The proposed\u00a0plan exempts domestic purchases and adopts\u00a0a flat\u00a0corporate tax rate of 20%. Supporters of the plan\u00a0believe that \u201cthe dollar will rise to offset the tax change\u201d through cheaper\u00a0imports.<\/p>\n

\n

And in startup news…<\/h3>\n
\n

Lyft Cuts Sales Staff, Reorganizes Team as the Startup Chases Uber<\/a><\/h3>\n

Eric Newcomer, Startup Reporter, Bloomberg Technology<\/i><\/p>\n

San Francisco-based startup, Lyft, was founded in 2012 as ride-booking app.Despite trailing Uber in overall market share, Lyft has found success in marketing directly to customers. By cutting fares, the startup also now serves 20-40% of consumers in large U.S. cities. Coupled with recent cost-cutting efforts, Lyft plans to turn a profit by 2018.<\/p>\n

Recent trims in its\u00a0labor force are helping Lyft\u00a0gain a competitive edge over other ride-hailing apps. The company also\u00a0plans to partner\u00a0with more governments and health-care organizations going forward. In January, Lyft\u00a0announced a collaboration with National MedTrans Network to offer \u201c2,500 rides a week for medical appointments\u201d in New York City.<\/p>\n

\n

Cafe X Opens in San Francisco, Bringing Robots to the Coffee Shop<\/a><\/h3>\n

John Mannes, Reporter, TechCrunch<\/i><\/p>\n

Cafe X founder Henry Hu is transforming the traditional coffee shop with his latest startup. With\u00a0Cafe X, customers order their drinks at an on-site kiosk using a mobile app, and a \u201crobot\u201d prepares and serves their coffee. The startup\u00a0opened its first American location\u00a0in San Francisco this past week. Hu hopes to expand the company’s operations into a franchise, with each shop\u00a0locally sourcing its coffee beans.<\/p>\n

Hu\u2019s startup received\u00a0backing\u00a0from a successful seed round from last year that drew in $5 million from prominent VCs, Khosla Ventures, Social Capital, Jason Calacanis, Felicis Ventures, Silicon Valley Bank and the Thiel Foundation.<\/p>\n

With Cafe X, customers save time and money (only $2.25 for an 8 oz drink). Furthermore, automation\u00a0introduces\u00a0a marketing advantage, as profits can be spent on sales rather than labor costs.<\/p>\n

\n

Comparably Raises $7.25 million to Help Match Employees with the Best Companies<\/a><\/h3>\n

Ken Yeung, Staff Writer, VentureBeat<\/i><\/p>\n

California-based startup Comparably collectively raised $7.25 from VC firms in its latest funding round. Competing with Glassdoor and LinkedIn, the startup offers job-market monitoring services and publishes relevant information on industry salaries and company culture for job hunters.<\/p>\n

The startup’s recent funding totals\u00a0enable Comparably to expand its monitoring services and partner with more companies. Comparably co-founder Jason Nazar told VentureBeat in 2016 that the company\u2019s mission was “to make work better\u201d through \u201ctransparency around compensation and culture.\u201d<\/p>\n

The Weekly Roundup is taking next week off and will return on February 17.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Weekly Roundup is a McNair Center series compiling and summarizing the week\u2019s most important Entrepreneurship and Innovation news. Here is what you need to know about\u00a0entrepreneurship this week: Reducing Recidivism through Entrepreneurship Catherine Kirby, Research Assistant, McNair Center for Entrepreneurship and Innovation In her latest piece, McNair\u2019s Kirby highlights the promise of entrepreneurial programs in…<\/p>\n","protected":false},"author":16,"featured_media":1008,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[422,60],"tags":[26,14,75,40],"class_list":["post-1028","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-mcnair","category-weekly-roundup","tag-entrepreneurship","tag-immigration","tag-ipo","tag-vc"],"featured_image_urls_v2":{"full":["https:\/\/www.edegan.com\/articles\/wp-content\/uploads\/2017\/01\/weekly-roundup-entrepreneurship.png",1175,585,false],"thumbnail":["https:\/\/www.edegan.com\/articles\/wp-content\/uploads\/2017\/01\/weekly-roundup-entrepreneurship-200x150.png",200,150,true],"medium":["https:\/\/www.edegan.com\/articles\/wp-content\/uploads\/2017\/01\/weekly-roundup-entrepreneurship-400x199.png",400,199,true],"medium_large":["https:\/\/www.edegan.com\/articles\/wp-content\/uploads\/2017\/01\/weekly-roundup-entrepreneurship.png",1175,585,false],"large":["https:\/\/www.edegan.com\/articles\/wp-content\/uploads\/2017\/01\/weekly-roundup-entrepreneurship-1024x510.png",800,398,true],"1536x1536":["https:\/\/www.edegan.com\/articles\/wp-content\/uploads\/2017\/01\/weekly-roundup-entrepreneurship.png",1175,585,false],"2048x2048":["https:\/\/www.edegan.com\/articles\/wp-content\/uploads\/2017\/01\/weekly-roundup-entrepreneurship.png",1175,585,false],"post-thumbnail":["https:\/\/www.edegan.com\/articles\/wp-content\/uploads\/2017\/01\/weekly-roundup-entrepreneurship.png",1175,585,false],"twentytwenty-fullscreen":["https:\/\/www.edegan.com\/articles\/wp-content\/uploads\/2017\/01\/weekly-roundup-entrepreneurship.png",1175,585,false],"yarpp-thumbnail":["https:\/\/www.edegan.com\/articles\/wp-content\/uploads\/2017\/01\/weekly-roundup-entrepreneurship.png",120,60,false]},"post_excerpt_stackable_v2":"

Weekly Roundup is a McNair Center series compiling and summarizing the week\u2019s most important Entrepreneurship and Innovation news. Here is what you need to know about\u00a0entrepreneurship this week: Reducing Recidivism through Entrepreneurship Catherine Kirby, Research Assistant, McNair Center for Entrepreneurship and Innovation In her latest piece, McNair\u2019s Kirby highlights the promise of entrepreneurial programs in curbing recidivism among newly released inmates. Beyond supporting local economies and communities, reducing recidivism increases productivity of the formerly incarcerated – an often overlooked and underutilized portion of the labor force. Many ventures that offer entrepreneurial education programs in prisons have witnessed high returns on…<\/p>\n","category_list_v2":"McNair Center<\/a>, Weekly Roundup<\/a>","author_info_v2":{"name":"Meghana Gaur","url":"https:\/\/www.edegan.com\/articles\/author\/meghana\/"},"comments_num_v2":"0 comments","yoast_head":"\nEntrepreneurship Weekly Roundup: 2\/3\/17 - Ed Egan<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.edegan.com\/articles\/weekly-roundup-entrepreneurship-2317\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Entrepreneurship Weekly Roundup: 2\/3\/17 - Ed Egan\" \/>\n<meta property=\"og:description\" content=\"Weekly Roundup is a McNair Center series compiling and summarizing the week\u2019s most important Entrepreneurship and Innovation news. 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Egan is an applied micro-economist. He received his Ph.D. from the Haas School of Business, U.C. Berkeley, in 2012, where he specialized in business economics, finance, and public policy. His academic research mostly applies industrial organization and corporate finance to entrepreneurship and innovation.","sameAs":["http:\/\/www.edegan.com","https:\/\/www.linkedin.com\/in\/dredegan\/","https:\/\/x.com\/EdwardJEgan"]},{"@type":"Person","@id":"https:\/\/www.edegan.com\/articles\/#\/schema\/person\/4d22d705304403885a52319e314b8582","name":"Meghana Gaur","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.edegan.com\/articles\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/dbe5c5c9d4d3534308bce6501db89ea511e3c64c17e9f2ea5c8d3c375f5ae1d9?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/dbe5c5c9d4d3534308bce6501db89ea511e3c64c17e9f2ea5c8d3c375f5ae1d9?s=96&d=mm&r=g","caption":"Meghana Gaur"},"url":"https:\/\/www.edegan.com\/articles\/author\/meghana\/"}]}},"_links":{"self":[{"href":"https:\/\/www.edegan.com\/articles\/wp-json\/wp\/v2\/posts\/1028","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.edegan.com\/articles\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.edegan.com\/articles\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.edegan.com\/articles\/wp-json\/wp\/v2\/users\/16"}],"replies":[{"embeddable":true,"href":"https:\/\/www.edegan.com\/articles\/wp-json\/wp\/v2\/comments?post=1028"}],"version-history":[{"count":18,"href":"https:\/\/www.edegan.com\/articles\/wp-json\/wp\/v2\/posts\/1028\/revisions"}],"predecessor-version":[{"id":1151,"href":"https:\/\/www.edegan.com\/articles\/wp-json\/wp\/v2\/posts\/1028\/revisions\/1151"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.edegan.com\/articles\/wp-json\/wp\/v2\/media\/1008"}],"wp:attachment":[{"href":"https:\/\/www.edegan.com\/articles\/wp-json\/wp\/v2\/media?parent=1028"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.edegan.com\/articles\/wp-json\/wp\/v2\/categories?post=1028"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.edegan.com\/articles\/wp-json\/wp\/v2\/tags?post=1028"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}