Crowdfunding Update Signals Increased Revenue, Jobs, and Deal Flow

Filed under: High Tech / IT / Software, Industry Info

Crowdfund Capital Advisors

Read the full report from Crowdfund Capital Advisors

Crowdfunding Pioneers Sherwood Neiss & Jason Best reported recently on VentureBeat.com about on early successes for crowdfunding companies. This update is based on interviews and surveys with 87 companies utilizing rewards, debt, and equity crowdfunding are exciting: sales are up, and investment is growing.

 

Increase in Sales

 

Company executives at companies who have concluded successful rewards, equity, or debt campaigns reported that quarterly revenues grew by an average of 24% Read more »

Is Immigration a Solution for Economic Growth? – Workforce Immigrations Trends

Filed under: High Tech / IT / Software, Industry Info, Jobs/Employment, Tech Trends

Fortune 500 45% intl

45% of Fortune 500 Co.s in 2010 were founded by immigrant or child of one

Is Immigration a Solution for Economic Growth?

Workforce Immigration Trends

 

Reports show that immigration secures huge economic benefits through job creation and increased GDP. The tech talent crunch has been a persistent story throughout the recession and recovery, American companies need access to highly skilled international workers in order to compete. If we do not allow highly skilled foreign workers into the US, they will contribute to another country’s economy instead of ours, and America would risk losing its preeminent place as the world’s business powerhouses, and the Fortune 500 companies of the future.

 

More than forty percent of the 2010 Fortune 500 companies were founded by immigrants or their children; and seven of the ten most valuable brands in the world come from American companies founded by immigrants or children of immigrants. Many of America’s greatest brands inlcuding Apple, Google, AT&T, Budweiser, Colgate, eBay, General Electric, IBM, and McDonald’s, were founded by an immigrant or the child of an immigrant, according to Partnership for a New American Economy.

 

The “New American” Fortune 500 report states that immigrants spur job creation across all industries, including the highest growth sectors:

  • 45% of high-tech firms from the Fortune 500 had either an immigrant or child of an immigrant among its founders,
  • 50% of the medical equipment and device makers, including the three largest players by revenue, were founded by immigrants or their children,
  • Immigrant-founded Fortune 500 companies employ 3.6 million workers around the world today,
  • Fortune 500 companies founded by immigrants to the United States generated more than $1.7 trillion in revenues in 2010; companies founded by immigrants or children of immigrants generated more than $4.2 trillion in revenues that year.

 

The Brookings Institute’s Hamilton Project reports on the impact of new immigration on wages. While some worry about a negative impact on wages resulting from new immigration, several studies have shown that on average, immigration can positively impact wages and opportunities for Americans. When immigrants are hired into lower paid positions, American businesses and farms can expand their capacity which then provides new opportunities and better pay for more Americans. When there is a shortage of the right skills in the labor marketplace and highly skilled immigrants are able to enter the workforce, then American companies benefit in their competitiveness and capacity, again providing more jobs and opportunities, better pay follows.

 

Another report by the Regional Economic Models, Inc (REMI) Key Components of Immigration Reform estimates that the proposed Pathway to Legal Status policy would increase total U.S. employment by 123,000 in 2014, and by 594,000 by 2018. The GDP that would result includes an increase of over $10 billion in 2014, and over $49 billion in 2018. An expansion of the high-skilled (H-1B) worker visa program would add 227,000 jobs by 2014. The report argues for the expansion of lesser-skilled visas (H-2A [farm visas], H-2B [seasonal, peak load, and intermittent worker visas] and W-1 [lesser-skilled nonseasonal worker visas]) as well, citing increases in employment and GDP through increased economic productivity and output. The REMI report states that “expansion of these visas will benefit not only those who receive them, but also the workers and consumers in the U.S. economy as a whole.”

 

The positive impacts and need for top talent are the inspiration behind the formation of FWD.us by leaders of the US technology community, from tech giants such as Facebook, Google, YouTube, LinkedIn, DropBox, and other household names. FWD.us is a 501(c)(4) advocacy organization committed to promoting policies to keep the American workforce competitive. The group promotes comprehensive immigration reform: Easing immigration for foreign talent and enticing native entrepreneurs to stay in the country are among the group’s goals. The mission is “to build the knowledge economy the US needs to ensure more jobs, innovation and investment,” states Mark Zuckerberg in a Washington Post Op/Ed.

 

 

Global cleantech to “backtrack” in 2013, predicts consulting & analysis firm Kachan & Co.

Filed under: Industry Info, Tech Trends

Global cleantech to “backtrack” in 2013, predicts consulting & analysis firm Kachan & Co.

Dallas Kachan

Dallas Kachan

Cleantech venture investment expected to decline even further, corporate involvement to increase, and long-term risks coming in solar, wind, electric vehicles and elsewhere, says company
 

Developments in 2013 will call into question some of cleantech’s traditional leading indicators of health, and risks will develop with the sector’s stalwart solar, wind and electric vehicle and other markets while others will grow, according to cleantech analysis and consulting firm Kachan & Co. Read more »

Pacific States Taking the Lead in Advanced Transportation, Green Buildings, Clean Electricity, and Clean Tech Investment

Filed under: Industry Info, Tech Trends

Pacific States Taking the Lead in Advanced Transportation, Green Buildings, Clean Electricity, and Clean Tech Investment

Clean Edge Website

Find more on the Clean Edge Website

Information from the Clean Edge 2012 U.S. Metro Clean Tech Index

 

 

You probably already know the Clean Edge State Clean Energy Index but have you seen the new Metro Clean Tech Index? This report evaluates the biggest 50 metro areas to highlight clean-tech leadership, innovation, and cluster development. The evaluation categories focus on four sectors: green buildings; advanced transportation; clean electricity & carbon management; and clean-tech investment, innovation, & workforce. Read more »

Tech Trends: Technology Investment Creates Jobs, Prosperity

Filed under: High Tech / IT / Software, Industry Info, Tech Trends

Tech Trends

Technology Investment Creates Jobs, Prosperity

Technology investment nurtures innovation and creates economic prosperity. This statement has been proved time and time again. In competition with the Soviet Union’s space program, the U.S. invested heavily in science, engineering, aerospace, and technology, and they pay off was strong innovation, huge job creation, and the birth of new industries in which the U.S. was the clear leader for decades. Today high tech products are the U.S.’s largest overseas export, making up 17.8 percent of all U.S. exports and supporting more than 900,000 U.S. jobs. Most nations are doubling down on their technology and innovation strategies and investment in an effort to win in the telecommunications, energy, and IT industries; securing dominance in key industries of tomorrow will grow jobs and prosperity for the winners.

Investment means allocating funds but it also means creating and acquiring talent. The U.S. has fallen behind in domestic Science, Technology, Engineering and Mathematics education – while 33% of the workforce requires these talents, Americans obtaining degrees in these fields falls below the mark. Foreign-born innovators and entrepreneurs have been instrumental in many of the cutting edge firms and technologies that have brought prosperity throughout the history of the U.S. A  Kauffman Foundation study found that 25% of science and technology start-ups founded between 1995 and 2005 had either a foreign-born chief executive or lead technologist. In 2005, these firms produced $52 billion in revenue with 450,000 employees. Opening immigration to highly skilled and educated will feed and grow innovation and jobs here in the U.S.

Technology innovation leads to national economic prosperity. According to a study by Christine Qiang of 120 nations between 1980 and 2006 estimated that for each 10 percentage point increase in broadband penetration, a high income country’s gross domestic product goes up by 1.3 percent. According to TechAmerica’s Phillip J. Bond, president and CEO, on the average each tech job supports three jobs in other sectors of the economy and the multiplier effect is 5-to-1 for information technology jobs. Information technology accounts for more than a third of U.S. gross domestic product growth and nearly two-thirds of corporate capital investment. Currently there are 375,000 information technology businesses in the U.S. employing over 5.9 million people; by 2018 IT jobs are projected to grow by 22 percent.

 

Recommended reading from Redfish Technology:

Competition for Talent, Immigrants Have Historically been Innovators, Job Creators.

Tech Provides Map for Nation’s Future

Technology and the Innovation Economy by Darrell M. West, Vice President and Director, Governance Studies at the The Brookings Institution

 

Crowd Fund Investing, Reversing the Decline in Capital Formation

Filed under: High Tech / IT / Software, Industry Info, Tech Trends

Crowd Fund Investing,

Reversing the Decline in Capital Formation

Startups and Small Businesses are a critical part of our economy. They provide the majority of new jobs and salaries that are used to purchase goods (food, gas, rent), and stimulate the economy. However, Startups and Small Businesses need cash to fund their businesses and hire Americans. With the financial meltdown, the traditional means of business financing (bank loans, credit cards and venture capital) are no longer available to 98% of businesses because banks are holding on to their cash, credit card interest rates are exorbitant and private capital is only available to a select few. Without access to cash, thousands of businesses in 2011 will not start or grow and that means fewer jobs and a weaker US economy.

There is a solution. It is called crowd funding – regular Americans, choosing to invest small amounts of money in small businesses in their communities. However the SEC doesn’t allow the average American to invest at all because of regulations written almost 80 years ago. Read more »

Determining Market Worth, By Beth Cliff, Executive Recruiter, Redfish Technology

Filed under: Candidate / Job Seeker, Employer, Hiring Strategies, Redfish Speaks, Salary

Determining Market Worth

Beth Cliff

Beth Cliff

By Beth Cliff,  Executive Recruiter, High Tech Engineering Talent Manager

Knowing what you are worth in the marketplace, or determining how to compensate a prospective employee can be a daunting proposition. Candidates want to obtain the optimum salary, while employers want to fairly compensate their new hires within their allotted budgets. The magic number that will leave both sides feeling good about their decision is in large part determined by the ever changing marketplace.

Over the past couple of years, I have seen some interesting trends in the marketplace. It’s no secret that finding your dream job, and corresponding compensation, the past few years hasn’t been easy. Many talented professionals found themselves unexpectedly looking for new roles. Read more »

Green Job Trends – the “Most Likely to Succeed”

Filed under: Jobs/Employment, Tech Trends

Green Industry / Job Trends

This month, we call your attention to the 2010 Global Cleantech 100 Report –  published 10/12/2010 by the Cleantech Group.

The “Most Likely to Succeed” Cleantech Companies

The Cleantech Group puts out a list annually of the top 100 cleantech companies. Ranked by the cleantech community and industry insiders, the goal is to showcase the “most likely to succeed” private companies. The Lust List represents the crème de la crème; 2010 features Silver Spring Networks, Zipcar, Opower, Bridgelux, and BrightSource Energy.  This report highlights several interesting trends such as geographical and sectorial movement, venture capital investment and return, and effects of the government investment in the industry.

Dynamic Industries

57 of 100 companies are North American (55 are from the U.S., with California leading with 33 companies, followed by Massachusetts with 8 ) Read more »

High Tech Job Trends – August Newsletter

Filed under: High Tech / IT / Software, Industry Info, Jobs/Employment, Tech Trends

 

 

High Tech Job Trends

A number of recent reports show job growth attributed to the stimulus measures: The Council of Economic Advisors (CEA) shows a creation/retention of 2.5 to 3.6 million jobs over what it would otherwise have been. The Congressional Budget Office (CBO)’s May report indicates that the Recovery Act has created between 1.2 million and 2.8 million workers, and projects up to 3.7 by the end of Q3.

 

The fiscal stimulus increased substantially in the first quarter of 2010 and further in the second quarter (from $80 billion in the fourth quarter of 2009 to $108 billion in the first quarter of 2010 to $116 billion in the second quarter of this year).  Government investment in areas such as infrastructure, clean energy, and communications technology increased by roughly 50 percent between the first and second quarters of 2010. Read more »

Green Job Trends – August Newsletter

Filed under: Industry Info, Tech Trends

Green Job Trends

A number of recent reports show job growth attributed to the stimulus measures: The Council of Economic Advisors (CEA) shows a creation/retention of 2.5 to 3.6 million jobs over what it would otherwise have been; nearly one million of those jobs in clean energy or a related field. The Congressional Budget Office (CBO)’s May report indicates that the Recovery Act has created between 1.2 million and 2.8 million workers, and projects up to 3.7 by the end of Q3.

The fiscal stimulus increased substantially in the first quarter of 2010 and further in the second quarter (from $80 billion in the fourth quarter of 2009 to $108 billion in the first quarter of 2010 to $116 billion in the second quarter of this year).  Government investment in areas such as infrastructure, clean energy, and communications technology increased by roughly 50 percent between the first and second quarters of 2010. Read more »