Most SBA loans are difficult to obtain and take forever, and VC capital typically ins’t interested in funding anything for under than $5M USD; Angel investors have picked up some of the slack, but if the SBA started a micro-lending program, it could accelerate the growth rate of innovation.
I suggest you... The Challenges: New startups fail due to lack of physical resources, lack of financial resources, and lack of knowledge/training/education. The Opportunities: 1.) Maker Fairs and "Hackerspaces", TechShop for example, are growing in popularity and people pay to attend them. 2.) A large infrastructure of Vo-Tech and community colleges exist across this country. 3.) A student loan system is already in place. ...more »
Allow citizens to vote using the internet and thus make democracy a reality. Think of the 600 million Facebook users voting on issues in real-time. We could move forward instead of stagnating. We could also fire all of our 'representatives' on capital hill. At least use the power of instant communications/feedback to gauge what people want to do with tax dollars. How about letting us see exactly (itemized) how are tax ...more »
Create national events where both startups and investors can have booths like a trade show. This way investors can seek out great new companies and startups can get access to funding partners. 90% of great companies that do not get funding is not because of the idea, but it is because of lack of the correct exposure to the right investors.