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President Obama Signs a Temporary Bill to Encourage More Angel Investing

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Re: President Obama Signs a Temporary Bill to Encourage More Angel Investing

#31

Post by raheemm »

jbooth wrote: post #4
jpwagner wrote: post #3

note that this does not apply to any of the following types of businesses: • Businesses that performed services in health, law, engineering, architecture, accounting, performing arts, consulting, athletics, financial services or brokerage. • Businesses that have as their principal asset the reputation or skill of one or more employees. • Any banking, insurance, financing, leasing, investing or similar business. • Far…

Just wait till it makes it to Fox News tonight, it'll be explicitly for socialist private businesses. EDIT: Come on guys, that's really not funny at all? Socialist private businesses? Throw me a frickin' bone here.

HN community is ultra-cautious about upvoting humorous comments. This is likely because these types of comments quickly devolve into and encourage low-quality discussions. The exception is when the comment is extremely witty and contextual.

Actually, it would be interesting if someone did an analysis of the top 100 humorous comments on HN - it would be very fascinating.

Edit: I kinda had a fear that I would be downvoted for explaining.. oh well

Re: President Obama Signs a Temporary Bill to Encourage More Angel Investing

#32

Post by bugsy »

A three month window that started last month?

Seems like this bill was custom crafted for some specific person that has already made his move. It seems very unlikely that many investors hearing about this bill today will be able to change their strategy in such a short time period, it would only affect deals where they have the agreement made and paperwork and financing all ready to go with just the final signatures remaining.

Therefore it is not a bill to encourage investment. It is a bill to help out some specific person.

Re: President Obama Signs a Temporary Bill to Encourage More Angel Investing

#33

Post by endtime »

WildUtah wrote: post #17

Does this have to be an ordinary corporation, or does an LLC taxed as a C corporation count as a corporation here? It's a lot less hassle and paperwork to have an LLC.

I believe you have to be a C corp...we're an LLC and we've talked about converting before the end of the year specifically for this.

Re: President Obama Signs a Temporary Bill to Encourage More Angel Investing

#34

Post by oiuytgfrtgyhuji »

yock wrote: post #13
oiuytgfrtgyhuji wrote: post #5

So why does this only run for a few months - until the end of the year? If you want to encourage investment in startups doesn't this have to be permanent - not just a hand out for deals that are already in progress. (assuming it's not just a technical point that it needs a special bill for the current year and then becomes permanent as part of some other legislation)

You timebox something to encourage immediate action. Making it permanent or even long term may encourage investors to wait for the market to improve before acting, which isn't ideal for a bill aimed at improving the market.

These deals take months to put together though - this is only sweetening deals that would go ahead anyway, or giving a quick tax loophole to anybody that can put together a fake deal quickly.

It's like trying to boost car workers jobs by saying any new car bought today only is tax free - that doesn't exactly motivate makers to open new plants.

Re: President Obama Signs a Temporary Bill to Encourage More Angel Investing

#35

Post by jerf »

raheemm wrote: post #31
jbooth wrote: post #4

Earlier quoted context omitted.

Just wait till it makes it to Fox News tonight, it'll be explicitly for socialist private businesses. EDIT: Come on guys, that's really not funny at all? Socialist private businesses? Throw me a frickin' bone here.

HN community is ultra-cautious about upvoting humorous comments. This is likely because these types of comments quickly devolve into and encourage low-quality discussions. The exception is when the comment is extremely witty and contextual. Actually, it would be interesting if someone did an analysis of the top 100 humorous comments on HN - it would be very fascinating. Edit: I kinda had a fear that I would be downvo…

I especially don't upvote humor that is nothing more than social signal flashing. If your "humor" boils down to "Hurr hurr, them folks sure are teh dumb where we are teh smartz!", expect a downvote. That's toxic stuff, regardless of the target.

Re: President Obama Signs a Temporary Bill to Encourage More Angel Investing

#36

Post by jbooth »

raheemm wrote: post #31
jbooth wrote: post #4

Earlier quoted context omitted.

Just wait till it makes it to Fox News tonight, it'll be explicitly for socialist private businesses. EDIT: Come on guys, that's really not funny at all? Socialist private businesses? Throw me a frickin' bone here.

HN community is ultra-cautious about upvoting humorous comments. This is likely because these types of comments quickly devolve into and encourage low-quality discussions. The exception is when the comment is extremely witty and contextual. Actually, it would be interesting if someone did an analysis of the top 100 humorous comments on HN - it would be very fascinating. Edit: I kinda had a fear that I would be downvo…

In this case, it's political. The conservative end of the spectrum is borderline rabid right now, so comments implying things like "Fox News is comically untruthful" will be taken in an "us vs them" frame of mind. Regardless of Fox News's truthfulness.

Downmod away.

Re: President Obama Signs a Temporary Bill to Encourage More Angel Investing

#37

Post by [deleted] »

lzw wrote: post #27

A very obscure, complicated and short term bill that lets democrat congressmen go back to their districts and run political advertisements that claim they "passed legislation to help america's small businesses", etc. Minimal effect, and on top of it, it is overwhelmed by bills already signed that do significant damage to the economy. For instance, the bill that massively increases the size of government, putting a pe…

[deleted]

Re: President Obama Signs a Temporary Bill to Encourage More Angel Investing

#38

Post by roc »

lzw wrote: post #27

A very obscure, complicated and short term bill that lets democrat congressmen go back to their districts and run political advertisements that claim they "passed legislation to help america's small businesses", etc. Minimal effect, and on top of it, it is overwhelmed by bills already signed that do significant damage to the economy. For instance, the bill that massively increases the size of government, putting a pe…

> "For instance, the bill that massively increases the size of government, putting a permanent burden in taxation or inflation on the economy that Obama claims will "Stimulate" it."

Which bill is it that massively increases the size of government?

Re: President Obama Signs a Temporary Bill to Encourage More Angel Investing

#39

Post by [deleted] »

lzw wrote: post #27

A very obscure, complicated and short term bill that lets democrat congressmen go back to their districts and run political advertisements that claim they "passed legislation to help america's small businesses", etc. Minimal effect, and on top of it, it is overwhelmed by bills already signed that do significant damage to the economy. For instance, the bill that massively increases the size of government, putting a pe…

[deleted]

Re: President Obama Signs a Temporary Bill to Encourage More Angel Investing

#40

Post by harold »

roc wrote: post #38
lzw wrote: post #27

A very obscure, complicated and short term bill that lets democrat congressmen go back to their districts and run political advertisements that claim they "passed legislation to help america's small businesses", etc. Minimal effect, and on top of it, it is overwhelmed by bills already signed that do significant damage to the economy. For instance, the bill that massively increases the size of government, putting a pe…

> "For instance, the bill that massively increases the size of government, putting a permanent burden in taxation or inflation on the economy that Obama claims will "Stimulate" it." Which bill is it that massively increases the size of government?

Healthcare? Without debating the merits of the bill, there's no doubt that it represents a huge increase in government bureaucracy.
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