Every Friday we list 7 of the best stories we’ve read throughout the week. Most have something to do with small business, entrepreneurship and getting funding or business loans.
Enjoy the stories below and please share something you’ve read this week.
The 47th edition of Links of the Week:
1. Obama Holds Small Business Roundtable, Urges Congress to Act on ‘To-Do’ List — FOX Business — “President Obama Wednesday called upon Congress to take action on the “To Do List” of small business legislation. Ahead of National Small Business week, the president also held a roundtable discussion on his proposed legislation with U.S. entrepreneurs and Small Business Administrator and president Karen Mills.”
2. Small Businesses, Big Banks: Good Fit? — CNBC — “Silverman’s experience raises a question that many small businesspeople are asking in times of tighter credit and uneven profits: Are bigger banks willing to deal with the risk of a smaller business in tough times?”
3. Credit Union CEO Lent to Dead People — Coleman — “A key conspirator gets 18 years in jail from one of the largest credit union loan frauds in history.”
4. Facebook’s business model — Chris Dixon — “Startups usually succeed because of a single major product or business innovation. Google is unusual in that they succeeded because of two major innovations …”
5. Sunset of perks bumps SBA demand down — current borrowers more aggressive — North Bay Business Journal — “The volume of small business lending in the North Bay backed by the U.S. Small Business Administration was 29 percent lower for the first half of fiscal 2012 compared to the same period last year, with a corresponding 16.7 percent decrease in dollars across Sonoma, Marin and Napa counties, according to the SBA.”
6. The text of a VCs talk on Job Creation that’s too controversial for TED to post — NationalJournal — “Prepare to meet Nick Hanauer. He’s a venture capitalist from Seattle who was the first non-family investor in Amazon.com. Today he’s a very rich man. And, somewhat jarringly, he’s screaming to anyone who will listen that he, and other wealthy innovators like him, doesn’t create jobs.”
7. Why Generation Y is Causing the Great Migration of the 21st Century — Placeshakers and NewsMakers — “Just after the close of World War II, the last Great Migration in the United States — the move from the city to the new suburbs — began to emerge, fueled by new roads, low congestion, and modest energy costs. It was a new beginning, a chance to shake off the past, and it came complete with the promise of more privacy, more safety, and easier financing …”
Now it’s your turn. What did you see this week that is worthy of everyone’s eyeballs?