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Joined: 20 Mar 2006
Posts: 1273
Location: Kent (East Hill), WA

PostPosted: Tue Mar 31, 2009 7:35 pm    Post subject: SBA -> MFA Reply with quote

Good discussion going on here

Venture Funding: State of a Troubled Art

I contribute this thought:

1) Microfinance for minimal startup to secure intellecutal property

2) Coupled with symbiotic client

In another vein, I have called upon Barack Obama to transform the Small Business Administration to the Microfinance Administration. Instead of pouring billions into 20th century industrials, let average folk tap into TARP. Imagine a MA agency, run by Government, where a 3 page business form, online, can result in $100,000 of seed financing. Then, couple that with a US Patent Office that waves all fees and employs analysts to help startups secure intellectual property. Such an agency can also provide an internal Government customer as the first "contract" for sales, priming the pump and helping shape the product.

My guess is that such an investment will return 7 times the jobs for the same dollar amount.
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