Reid Hoffman's "Stimulus 2.0: It?s The Startups, Stupid."
source: http://www.washingtonpost.com/wp-dyn/content/article/2009/03/04/AR2009030403070.html
-
-
- billwatt
- added this
This is a guest post written by Reid Hoffman, CEO and Founder of LinkedIn. Reid is an investor in over 60 web ventures including Digg, Facebook, Flickr, Friendster, FunnyOrDie, Ning, Last.fm, Six Apart and Technorati.
Below is a selection of his comments and you can click to the Washington Post to read the entire article:
1. Small business loans. Apply a micro-lending model that has proved successful in developing countries, extending credit lines up to $50,000.
2. Abolish the limit on H-1B Visas. Remove the cap on H-1B visas and impose a 10 percent payroll tax beyond the benchmark salary for each visa. Then channel the proceeds from the payroll tax into US re-education programs.
3. Match funds for venture capital and angel investors. Match up to $100 million in stimulus funds for qualifying venture and angel investments if they create jobs in the US. Let these investors keep their normal return plus 50 percent of the returns on the matching funds, while the other half goes back to the government to revitalize further investment.
Continue to the Washington Post to read the full details of his proposals.
Below is a selection of his comments and you can click to the Washington Post to read the entire article:
1. Small business loans. Apply a micro-lending model that has proved successful in developing countries, extending credit lines up to $50,000.
2. Abolish the limit on H-1B Visas. Remove the cap on H-1B visas and impose a 10 percent payroll tax beyond the benchmark salary for each visa. Then channel the proceeds from the payroll tax into US re-education programs.
3. Match funds for venture capital and angel investors. Match up to $100 million in stimulus funds for qualifying venture and angel investments if they create jobs in the US. Let these investors keep their normal return plus 50 percent of the returns on the matching funds, while the other half goes back to the government to revitalize further investment.
Continue to the Washington Post to read the full details of his proposals.
-
- groups:
- Tech
-
- tags:
- Tech, Technology, Linkedin, stimulus plan, 1 more
