The Ridgewood Blog Brings a Free Market Laissez-faire Point of View to Local, New Jersey State and National Issues.
the staff of the Ridgewood blog
Ridgewood NJ, with around 20% of new businesses failing within one year and inflation making entrepreneurship even more difficult, the personal-finance website WalletHub today released its report on 2024’s Best & Worst States to Start a Business to showcase the most fertile grounds for planting and growing new ventures.
Continue reading WalletHub Study: New Jersey Is 2024’s 7th Most Difficult State to Start a Business
the staff of the Ridgewood blog
Ridgewood NJ, regulators shut down Silicon Valley Bank on Friday, marking the biggest bank failure since the 2008 financial crisis and sending shockwaves across the tech world. The Federal Insurance Corporation (FDIC) created a National Bank of Santa Clara to hold deposits and other assets of the failed Silicon Valley Bank, but the abrupt closing is impacting tech firms that face immediate effects, like ensuring employees get paid. More than 93 percent of the $161 billion deposited at Silicon Valley Bank is not insured by the FDIC, according to a Bloomberg News analysis.
New Jersey is home to some of America’s best and brightest. High-tech businesses have always been able to rely on the state for a motivated and technologically educated workforce that knows how to innovate. This was true before Bill Gates ever touched a keyboard. Software and hardware development has been a part of New Jersey’s industry since the Apollo program.
Continue reading New Jersey’s Tech Industry – Software Flourishes In The Garden State
Unlike Kickstarter, you are not buying a product or donating to an artist. Instead, you are investing in a businesswith the hope of earning a return on your investment.
Continue reading Bring It is in town with unbelievable deals!
VC Firms Rain Down Cash on Tech Startups, Is Bubble Brewing?
SAN FRANCISCO — Jan 16, 2015, 6:16 PM ET
By BRANDON BAILEY AP Technology Writer
Cash rained down on startups in 2014, as venture capitalists poured a whopping $48.3 billion into new U.S. companies — levels not seen since before the dot-com bubble burst in 2001. Strong technology IPOs are luring investors chasing the next big return, but with valuations this high, critics suggest some investors may be setting themselves up for a major fall.
“It’s not that many businesses aren’t viable, but the question is, what are you paying for them?” said Mark Cannice, a professor of entrepreneurship at the University of San Francisco.
Venture funding surged more than 60 percent in 2014 from the prior year, most often fueling software and biotechnology companies, according to a new “MoneyTree Report” issued by PricewaterhouseCoopers and the National Venture Capital Association, based on data from Thomson Reuters. But the money wasn’t spread around to buoy many more companies. A few just got huge piles of cash.
Last year saw a record 47 “mega-deals,” defined as investments of more than $100 million. That’s nearly twice as many as reported in 2013, said Mark McCaffrey of PricewaterhouseCoopers, who leads the accounting and consulting firm’s global software practice.
Uber Technologies, the ride-hailing service disrupting the transportation industry and generating plenty of press, received the top two biggest rounds of investment last year. Each raised $1.2 billion for Uber, and the company’s value is now pegged at $41 billion. Other major deals included $542 million (mostly from Google Inc.) invested in Magic Leap Inc., a secretive startup working on virtual reality technology; $500 million in Vice Media, which operates online news and video channels; and $485 million in SnapChat, the popular messaging service.
https://abcnews.go.com/Technology/wireStory/funding-boom-shows-power-tech-startups-raises-concerns-28263323