Showing posts with label Competitive Position. Show all posts
Showing posts with label Competitive Position. Show all posts

Wednesday, June 10, 2015

"Fast Track" Important to Tech Industry


On Friday, the U.S. House of Rep- resentatives will likely consider legislation that will allow trade agreements to move through Congress under special rules intended to speed up the approval process.

A great resource is the Information Technology Industry Council's TechWonk Blog: http://bit.ly/1T9kqCi

Trade Promotion Authority (TPA, also colloquially known as “fast-track”) will help grow America’s economy and create new jobs by ensuring future trade agreements benefit American workers, consumers, and businesses. Through the TPA bill, Congress has the ability to tell U.S. Trade officials what goals they must meet to benefit their constituents and local businesses.

The bill enjoys (and passed the Senate with) bipartisan support – of a unique kind. The President has urged its passage, and many pro-trade congressional Republicans and Democrats have said they would support the bill. But some Republicans have indicated they’re on the fence, possibly because they don’t want to support what’s being referred to as “Obamatrade,” or, for that matter, the President himself, because it grants him “too much power.” Many Democrats oppose the bill, some because they still have NAFTA in mind, others because they’ve been threatened by the labor lobby.

Since these complex issues are, as always, rife with political rhetoric, perhaps it’s worth looking at two key myths about this legislation.

Regarding the legislation granting the president some sort of unilateral power, the fact is that Congress still must approve any trade agreement negotiated by the president in an up or down vote. As the nonpartisan Congressional Research Service notes, TPA represents a “gentleman’s agreement” between the Congress and the president, in which the legislative branch offers “fast track” rules if the executive branch agrees to follow a detailed set of negotiating objectives and engages in a consultations with Congress. (A fact that even some members of Congress apparently didn’t realize.)  And of course it’s worked for decades; Congress has endowed every U.S. president since FDR at least some trade negotiating authority.

But those are just Congress’ arguments. Others attacking the legislation say that TPA (and its accompanying Pacific-rim Trade Agreement, or TPP) only benefits large corporations at the expense of workers. This specious reasoning vastly overlooks the fact that innumerable growing businesses and industries, both large and small, will be hurt if the bill fails. In 2012 alone, for example, the U.S. technology industry exported more than $85.5 billion worth of technology goods to TPP countries.


Passage of this critical legislation should be determined by careful consideration of the facts, not by partisan rhetoric and unfounded claims. Luckily, you can help in this effort by taking two minutes to send a letter to your Representative and urge them to pass this important legislation. Join us and speak out in support of jobs, growth, and prosperity. The vote is Friday, so please act now.

Thursday, April 30, 2015

Finalists for Entrepreneur Of The Year® 2015 in the Pacific Northwest

EY today announced the finalists for the EY Entrepreneur Of The Year 2015 in the Pacific Northwest.

The awards program recognizes entrepreneurs who demonstrate excellence and extraordinary success in such areas as innovation, financial performance and personal commitment to their businesses and communities.  These business leaders were selected by a panel of independent judges.

Award winners will be announced at a special gala on June 5, 2015 at Sheraton Seattle Hotel.  To find out more about the Pacific Northwest program please visit HERE.  #EOYPNW.

The finalists are:

Avalara, Inc. | Scott McFarlane, Co-Founder & CEO | Bainbridge Island, WA

Avvo | Mark Britton, Founder & CEO | Seattle, WA

barre3 | Sadie Lincoln, Founder & Owner | Portland, OR

Blink UX | Karen Clark Cole, CEO | Seattle, WA

Context Relevant | Stephen Purpura, Founder & CEO | Seattle, WA

Dave's Killer Bread | John Tucker, CEO | Milwaukie, OR

DiscoverOrg | Henry Schuck, CEO | Vancouver, WA

EagleView Technologies | Chris Barrow, President & CEO | Bothell, WA

ExtraHop Networks | Jesse Rothstein, Co-Founder & CEO; Raja Mukerji, Co-Founder & President | Seattle, WA

Hydro Flask | Scott Allan, President & CEO | Bend, OR

Life Flight Network | Michael Griffiths, CEO | Aurora, OR

Limeade | Henry Albrecht, CEO | Bellevue, WA

Picmonkey.com | Jonathan Sposato, CEO | Seattle, WA

PitchBook | John Gabbert, Founder & CEO | Seattle, WA

SET Creative | Sabina Teshler, Owner & CEO | Portland, OR

SmartRG | Jeff McInnis, President & CEO | Vancouver, WA

Smartsheet | Mark Mader, President & CEO | Bellevue, WA

Treehouse | Ryan Carson, Co-Founder & CEO | Portland, OR

Trupanion | Darryl Rawlings, CEO | Seattle, WA

TUNE | Lucas Brown, Co-Founder & Chief Product Officer; Lee Brown, Co-Founder & Chief Architect | Seattle, WA

ZoomCare | Dave Sanders, M.D., CEO | Hillsboro, OR

Now in its 29th year, the program has expanded to recognize business leaders in over 145 cities in 60 countries throughout the world.

Regional award winners are eligible for consideration for the EY Entrepreneur Of The Year national program.  Award winners in several national categories, as well as the EY Entrepreneur Of The Year Overall National Award winner, will be announced at the annual awards gala in Palm Springs, California on November 14, 2015.

The US Entrepreneur Of The Year Overall Award winner then moves on to compete for the World Entrepreneur Of The Year Award in Monaco, June 2016. Additionally, venture-backed companies that win an Entrepreneur Of The Year Award regionally are also eligible for the Venture Capital Award of Excellence at the national level. The awards are the culminating event of the EY Strategic Growth Forum®, the nation’s most prestigious gathering of high-growth, market-leading companies.

Sponsors
Founded and produced by EY, the Entrepreneur Of The Year Awards are sponsored nationally by the Ewing Marion Kauffman Foundation and SAP America.  In the Pacific Northwest, sponsors also include Merrill Datasite, Union Bank and Scherzer International.

About EY Entrepreneur Of The Year®
EY Entrepreneur Of The Year is the world’s most prestigious business award for entrepreneurs. The unique award makes a difference through the way it encourages entrepreneurial activity among those with potential and recognizes the contribution of people who inspire others with their vision, leadership and achievement. As the first and only truly global award of its kind, Entrepreneur Of The Year celebrates those who are building and leading successful, growing and dynamic businesses, recognizing them through regional, national and global awards programs in more than 145 cities in more than 60 countries.


Tuesday, December 10, 2013

WA Names Tech Sector Leads


Department of Commerce Director Brian Bonlender recently named Maura Little  and Will Saunders  to the sector lead team in the Office of Economic Development and Competitiveness.  All told, the three target industries they will focus on represent more than $35 billion in payroll for residents of Washington State: Information and Communication Technology and Life Sciences.

“Our sector-based economic development strategy is a reflection of the fact that we face intense international and interstate competition for good jobs. We have to be constantly vigilant about identifying opportunities and strategies for cultivating employers in Washington,” said Bonlender.  “We can’t rely on luck for the next Boeing, Microsoft or Amazon to develop here.”

Little joined the Department of Commerce as the Life Sciences and Global Health sector lead. She has deep background in the life sciences field, including liaison work for then-Congressman Jay Inslee with industry leaders and helping to draft and pass related legislation. After that, Little was Washington State Director of Government Relations for the American Cancer Society Cancer Action Network working on healthcare and other life-science issues at a state level.

Saunders brings more than a decade of experience in the information and communications technology field to his position of sector lead for the industry.  Most recently, Saunders has been the director of the Washington State Broadband Office since 2010 and has worked with app developers, educators, public and private providers and economic development agencies across the state.
Sector-based economic development heads the list of Commerce’s five core strategies for job creation, Bonlender said.

Little and Saunders join Kristine Reeves (Military and Defense), Alex Pietsch (Aerospace) and Steve Sewell (Maritime) to represent the State of Washington in their respective industry sectors.  They are tasked with identifying and pursuing new economic development strategies that keep Washington State in the forefront of these key industries, and advance the Governor’s goal of targeted company recruitment, retention and expansion.
 
The Office of Economic Development and Competitiveness supports the Governor’s Working Washington Jobs Agenda, which recognizes that these sectors are critical to our future prosperity --  if these industries are doing well, our economy will be doing well.

Wednesday, January 18, 2012

SOPA and IP Protection


The Tacoma-Pierce Co. Chamber has not yet taken a policy position on SOPA, although the Chamber has supported protection for IP.  Nonetheless, as an outreach to increase the comprehensive dialogue, their information is presented for your consideration:


"The United States Chamber of Commerce, along with other Chambers, guilds, studios, and networks are supporters of Creative America, a grassroots coalition created to allow your individual voice to be heard in the fight against one of the biggest threats we as an industry face: content theft. The entertainment industry has already lost tens of thousands of jobs, and there are numerous other damaging effects as a result of content theft. 

"What Google and Wikipedia are fighting against is ANY regulation over the Internet. The bills debated in Congress are very narrow, carefully tailored pieces of legislation that will address the worst of the worst online thieves. With rogue websites receiving up to 59 billion visits per year (9 visits for every single person on Earth) something must be done to stop online theft.

"Talk of censorship and loss of Internet freedom has nothing to do with the actual substance of the bills."

And more in the interests of information exchange, today's press statement by Congressman Adam Smith:

“I am committed to finding ways to more effectively protect American innovation that helps drive our economy, but I do not support the Stop Online Piracy Act as it currently stands. Intellectual property theft and piracy undermines our competitive advantage within the global economy, negatively impacts multiple sectors within Washington State and the national economy, and costs individuals and U.S. - based businesses of all sizes billions of dollars each year. 

“It is vitally important that we protect the intellectual property of content providers in the United States from serious threats posed by online piracy, but it is also important to ensure innovators have the ability to continue creating, producing and sharing new ideas. SOPA, as it stands, would significantly prevent that from happening.


“Though intellectual property protection is critical, the policies proposed by the Stop Online Piracy Act (SOPA) and the PROTECT IP Act (PIPA) are troubling. There is great concern among technology professionals and Internet users that these measures, if enacted, would place unacceptable limitations on the accessibility of online information and content, impose undue burdens on small and innovative websites and applications, and would not be the most effective way to curtail overseas illegal piracy and theft of intellectual property.


“I appreciate the attention this issue has received and the focus on finding better ways to protect American innovation and creativity without impeding the historic strengths and benefits of the Internet.  I look forward to working with my colleagues to balance these important priorities in future legislation.”



Tuesday, April 19, 2011

Chamber Adds Mobile App for Members

Local tech firm Sitecrafting has added a new opportunity available to members of the Tacoma-Pierce County Chamber. Powered by ChambersEdge, member businesses can market with the smart phone application.

Added Benefits to “going mobile:”

• GPS feature on the app (Map button) allows someone looking for your business to locate you on their phone with either driving or walking directions
• Immediate access to your webpage (if applicable) to find out more about your business
• Call feature (Call button) allows instantaneous access to your business—by automatically dialing your contact number
• Search button (magnifying glass) lets users search for member businesses by company name
• Smart phone users are able to access the Chamber’s mobile membership directory by scanning the QR code as inserted here, to be added to the Chamber's website
• Soon the new membership plaque decal (see left) and our publications will carry the QR code

More value-enhanced features will be added to ChambersEdge in the near future. Those without smart phones can also load the app (if they have web browser capabilities—remember data rates apply) by going to the Tacoma-Pierce County Chamber’s ChambersEdge web address: http://tacoma.chambersedge.com/

Note: IPhones, Droids, Windows phones need to download a free QR screening app first to “scan” the code on the left. Blackberry phone users need to input http://tacoma.chambersedge.com/

Friday, May 28, 2010

WA Leader in Innovation and Entrepreneurship

Washington’s commitment to investing in science, technology, engineering, and mathematics (STEM) jobs has placed it among the top states in the country when it comes to entrepreneurship and innovation.

                   According to a new study from the U.S. Chamber of Commerce and National Chamber Foundation (NCF), the Enterprising States study highlights how state and local policies—including those in Washington—play a vital role in spurring job creation and economic development.

By embracing many of the strategies at the core of our free enterprise system—competitive tax rates, open trade, and commonsense regulation—states are helping to jumpstart our economic recovery and create more jobs,” wrote Thomas J. Donohue, president and CEO of the U.S. Chamber, in a letter to Governor Chris Gregoire. “Many of the new ideas, new companies, and new jobs will come from local initiatives that allow the free market to do what it does best.”

The Enterprising States study was released as part of a U.S. Chamber event where a group of bipartisan governors from around the country discussed the role of the free enterprise system in job creation. Through this study, the Chamber is highlighting bipartisan state and local policies—including those in Washington—that have proven to help create jobs and that will be key to our economic recovery. The study is part of the U.S. Chamber’s American Free Enterprise. Dream Big. campaign, a comprehensive nationwide effort to create 20 million jobs in the next 10 years.

Specifically, the study highlights how Washington is playing a pivotal role in fostering the conditions for job growth through the Education Legacy Trust Fund program, being a global leader in aerospace research and development, and a strong focus on rail and container port initiatives to drive exports.

This study provides an in-depth look at the vast and complex network of economies we call the 50 states and territories,” said Margaret Spellings, executive vice president of NCF and former secretary of the Department of Education. “By highlighting lessons learned we hope to create a roadmap to economic resilience and an ongoing dialogue that makes every state’s jobs picture stronger.”

The Enterprising States study highlights six factors that drive job creation: Innovation, productivity through investments in workforce development and training, science and technology, infrastructure, exporting, and competitive tax rates. The study found that states are much more active than the federal government on the job creation and economic development front. For example, the study found that high tax rates do not lead to either healthy economies or budgets.

Similarly, the study looks at how states have implemented initiatives for streamlining red tape to help businesses sort through the many layers of government regulation and have incentivized private-sector investors primarily with tax credits. It also highlights that targeted investments in infrastructure projects at the state-level can create growth‐friendly environments in communities. Science- and technology-based economic development and clean tech initiatives are proliferating amongst virtually all of the states. There is widespread support for doubling exports and there are also states that have made significant headway using strategies for foreign direct investment (FDI). Finally, cultivating people through workforce development will drive economic growth at the state-level, the study shows.

Thursday, January 14, 2010

Where You Stand

For the thirteenth consecutive year, InformationWeek Analytics is conducting its U.S. IT Salary Survey. To date, over 160,000 IT professionals have participated in this survey.

If you complete the survey by this Friday, January 15th, you will also be sent a link to download the 2010 U.S. IT Salary Report once it has been published. This report will provide you insight into how your salary compares with your peers, as well as information on IT skills, training and culture.

You also will be eligible to enter a contest for prizes including a chance to win a grand prize of a Panasonic 65" plasma HDTV valued at $2,703, first prize of a Garmin nüvi® 850 GPS navigator valued at $727, second prize of a Sony home theater system valued at $484, or third prize of a 32GB Apple iPod touch valued at $298.

Information Week is only collecting compensation information from IT professionals working in the United States.

To take this year's survey, please go here.

Tuesday, August 25, 2009

Fastest in the County

Today, Speed Matters released its third annual report on Internet speeds around the U.S.

So, what's fastest in Pierce County:
  • Gig Harbor (98332): upload- 2,837 kbps; download-11,598 kbps
  • Fort Lewis (98433): upload- 3,502 kbps; download-10,971 kbps

Want to see more, like your business or home speeds as measured by tests (number of tests varies), go to Speed Matters 2009 Report. Overall, 413,000 individuals chose to take Speed Matters speed test. You can on their website, an option on their reporting webpages.

So where does Washington stand? Answer: Above the U.S. average.

And where does the U.S. stand? Answer at 5.1 mbps download speed, good enough for 28th among industrialized nations.

Thursday, June 4, 2009

When You Turn 50, Good to be No. 1

For celebrants for Alaska's 50th anniversary of statehood, today's release by the U.S. Census that it is actually #1 - in an unexpected category, deserves attention.

While Alaska ranks second among states for rate (78%) of home Internet access, Alaska led the nation in people who actually access the Internet from any location (home, work, public access), at 76.1%. By comparison, Washington state was fourth (75.7%) in the first category and third (73.4%) in the second category. The national average was 67% for home Internet access.

These figures come from the 2007 Internet and Computer Use Supplement to the Current Population Survey. Look there for a much more extensive database on computer and Internet usage.

Wednesday, May 13, 2009

Intel Comments on EU Ruling

Paul Otellini, president and CEO, Intel Corporation (the world leader in silicon innovation) today issued the following statement regarding the European Commission decision on Intel’s business practices:

Intel takes strong exception to this decision. We believe the decision is wrong and ignores the reality of a highly competitive microprocessor marketplace – characterized by constant innovation, improved product performance and lower prices. There has been absolutely zero harm to consumers. Intel will appeal.

We do not believe our practices violated European law. The natural result of a competitive market with only two major suppliers is that when one company wins sales, the other does not. The Directorate General for Competition of the Commission ignored or refused to obtain significant evidence that contradicts the assertions in this decision. We believe this evidence shows that when companies perform well the market rewards them, when they don’t perform the market acts accordingly.

Intel never sells products below cost. We have however, consistently invested in innovation, in manufacturing and in developing leadership technology. The result is that we can discount our products to compete in a highly competitive marketplace, passing along to consumers everywhere the efficiencies of being the world’s leading volume manufacturer of microprocessors.

Despite our strongly held views, as we go through the appeals process we plan to work with the Commission to ensure we’re in compliance with their decision. Finally, there should be no doubt whatsoever that Intel will continue to invest in the products and technologies that provide Europe and the rest of the world the industry’s best performing processors at lower prices.

More information about Intel and Competition in the Innovation Economy is available at here.

Additional information about Intel is available at their online pressroom and blog.

Friday, March 27, 2009

Does Broadband Boost ED?

A new study released by IEDC (International Economic Development Council) seeks to answer the question if broadband boosts economic development.

The study, "The Economic Development Impact of Municipal Broadband," by Craig Settles of Successful.com, is not a study of the economic impact of municipal broadband systems, but rather a survey of economic development (e.d.) professionals' opinions of the contribution of broadband to effective economic development.

The survey begins with the observation that "elected officials have abandoned their free-muni-WiFi (broad)bandwagons, weaker but wiser." Nevertheless, Settles says this survey supports his 2005 survey of e.d. professionals that broadband investments improve economic development. The targeted population came from the IEDC (International Economic Development Council) membership.

Here are some highpoints from the 22% of respondents that report having muni broadband systems businesses can access. Most often respondents said, to the question of broadband's impact:
  • new businesses moved to the area: too difficult to measure
  • existing businesses stayed: too difficult to measure
  • local companies bettered: too difficult to measure
  • more tourists visiting: too difficult to measure
  • increase in large events: no impact
  • revitalized business areas: too soon to tell

Overall, the majority of e.d. professionals believe broadband is a major tool, especially if targeted, that should lead to significant economic benefits. Wireless networks are cast in a negative light (he cites the WiFi network failures in 2007). And, Settles asks the obvious question: if the existence of broadband is not an economic development catalyst, how do e.d. professionals use this tool boost e.d.?

Tuesday, March 24, 2009

Forbes: America's Most Wired Cities

Earlier this year, Forbes.com published one of its rankings again, repeated since 2007. This one: The Top 30 Most-Wired Cities.

In this one, Seattle vaulted to the top spot, helped out by a new criterion: wi-fi spots. While it is never certain what geographical area "Seattle" represents, this is good news, but with some challenging aspects. For instance, the most recent comment to the article scolds the writer for lacking in her research and citing Tacoma as "America's Most Wired City," a long-standing claim.

From a research perspective, we need to examine what these rankings are about. Forbes.com cites as its criteria:
  • % of Internet users with high-speed connections
  • number of companies providing high-speed Internet
  • number of public wireless Internet hot spots

The last criterion is a new wrinkle in the Forbes.com rating mix. And, Forbes.com does give us their resources, even if they aren't publicly available, being proprietary.

Of note is the acknowledgement that Portland and Baltimore may deserve higher rankings due to Clearwire's super-fast wireless Broadband; but data lags (always). That's promising for Tacoma's ranking as Clearwire is busy here too. So we'll see what next year brings, especially with the FCC promise of "considerably more detailed" information on broadband access in coming months.

The comparison must be made with Tacoma's long-standing claim as "America's No. 1 Wired City." That claim is based on number of miles of broadband, stemming from the Click!Network municipal broadband development. That claim was bolstered by the competitive responses of Comcast and Qwest.

So, is Tacoma "America's Most Wired City"? Or do we need to heed the changing metrics of an evolving tech world?

Thursday, February 26, 2009

Reorganizing CTED for Tech

The Technology Alliance, composed of tech associations in Washington State, is proactive in the new reorganization of the Washington State Department of Community, Trade and Economic Development. Their submitted comments, along with the supportive tech associates, is presented below.



Monday, December 8, 2008

New Administration Sets Up Tech Expectations

The colors on the "paint by the numbers" gradually begin to fill the picture.

This blog first addressed the interest in how the incoming Administration would address technology shortly after the election.

Well, here are two more links that continue in that same vein. First is a perspective on how Secretary of Commerce nominee Gov. (NM) Bill Richardson might treat Intellectual Property: The Richardson Record on IP.

A very brief overview of what might be at stake is address by the U.S. Chamber's blog in the Intellectual Property & Clean Technology.

Friday, November 21, 2008

SST 2008 Fosters Innovation

SST 2008 was another home run, featuring as it did so many hometown tech firms. Our congratulations to UWT Assistant Director of Industry Partnerships Andrew Fry.

This blog could resemble a short story if I were to report on all aspects of the SST 2008. But, you should have been there! The price was right - free, thanks to the UWT Institute of Technology. However, the final panel of the day focused on Tacoma area tech firms, and after an individual overview by the representatives, responded to a Q&A session. The answers to just one question - the first question, will be covered here.

That first question came from Andrew Fry, as a warm-up for the audience that mostly filled W. W. Philip Hall: Since our area gets no credit for a nexus of tech firms, most of which here are in cybersecurity and information assurance, why did you each locate here?

The answers:
  • Gary Frank, Avue Technology: We lived here.
  • Rod Rasmussen, Internet Identity: We lived here. He said he had to convince the co-founder, but that the existence of Click! Network and the UWT did that.
  • Mike Brown, Prepared Response: The infrastructure here is the best. He specifically praised the power consistency and certainty as well as conductivity.
  • Jennifer Leaf, NewTech: That's where our work is (Ft. Lewis). But, she noted this office has won accolades from the corporation as a recruitment base for the entire company.
  • Mark Briggs, Serra Media: We lived here. We've established a joint presence in Tacoma and Seattle because of the regional nature of media. And, they intend to maintain a dual base. Besides, they are familiar with the local talent market and have a determined hiring base from the local community.
  • Eric Hess, Sagem Morpho: Our first client in the U.S. (City of Tacoma) had the foresight to contract with us to locate our headquarters here.

Another quality event in Tacoma focusing on technology and entrepreneurship.

Friday, September 12, 2008

Tacoma: Best Performer in WA

Tacoma has received an exceptional ranking, along with similar high scores by Olympia and Seattle, in the recent Best-Performing Cities 2008.

Conducted by the Milken Institute and Greenstreet Real Estate Partners, Tacoma ranked 8th nationally (Olympia 9th, Seattle 17th). So why?

The Puget Sound Business Journal cited Tacoma's highest score in the category of growth in its high-tech sector. The report specifically states:

Data processing, hosting, and related services enjoyed average annual job growth of 17.2 percent over the past five years.

Olympia's growth has placed it up into the larger metros whereas in previous years it had been a stellar performer among smaller cities. The report cites Olympia for its Information Services as the fastest growing job sector, at 38% over five years (probably related to growth in state government) and Seattle was noted for adding 6,200 jobs in R&D services. For those who want to know, Spokane came in at a most respectable 35.

The study brags that its rankings are based on outcomes (i.e., jobs) rather than cost-based criteria (i.e., cost-of-living).

Best of the Best Coming to Tacoma

Larry Kopp, co-founder of the TacomaAngel Network reports on his recent sighting about Bill Payne, one of the principal presenters in TAN's upcoming Deal Doing Seminar.

Larry says, "Bill Payne, the moderator for TAN’s Business Development and Deal Doing Seminar was quoted this week in an article in the New York Times…Giving Businesses their Wings.

'….Many states offer tax incentives for investing in small businesses in their own state ..[of up to 100% over 5 years] For a list, go to angelcapitalassociation.org, click on Resources and look for state policy issues. [Washington State is NOT one of those states].

Indeed, supporting local economic development is one reason that angels often cite for their interest in this type of investing. “When you are a venture capitalist, and you are investing other people’s money, return on investment had better be your only motivation,” said Bill Payne, a founding member of angel investor groups in Montana and Nevada. “But angel investors are often motivated by other considerations, such as mentoring young entrepreneurs and giving back to the community.'

Payne has been an angel investor since the early 1980s, when he sold his company, Solid State Dielectrics, to DuPont. His interest in fostering local economic development led him to start the Frontier Angel Fund three years ago in Kalispell, Mont. The fund’s 33 members each put in $50,000, and they vote on each proposed investment.

Many of the 300 or so angel investor groups in the United States function almost like social clubs. If enough members decide to invest in a particular company, they often form a limited liability corporation and appoint one member to become the principal contact with the entrepreneur. If only a few members are interested in a deal, they are free to invest on their own."

Thanks Larry, for catching this info.

Wednesday, August 27, 2008

IT Salaries Swoon

The results of InformationWeek's 2008 U.S. IT Salary Survey are not pretty.

The new study of IT salaries is filled with bad news and IT salaries took a swoon for the first time in the 11 years the publication began studying salary trends. Editor Marianne Kolbasuk McGee took a positive outlook by noting that IT salaries have inched up recently. Maybe that's the reversal of the swoop's curve!

Salaries for business technology professionals have been falling. The good news is that the drop is a modest one for IT staff and managers.

From 2007 to 2008, median base pay for IT staff fell to $73,000 from $74,000, and for managers it dropped from $97,000 to $96,000. The stagnation in pay understandably seems to have caused a drop in levels of satisfaction with pay and jobs overall. But, many IT professionals are still feeling secure in their positions and optimistic about IT as a career path.

This InformationWeek Analytics report provides an unparalleled view into trends in IT salaries and compensation plans. With more than 9,000 respondents, the research explores IT compensation and benefits trends across 20 IT job functions and management positions. Findings are segmented according to the job functions of managers and staff for the most comprehensive analysis possible.

Use this report to understand what IT professionals are facing regarding salaries, compensation, benefits, and job satisfaction, as well as how emerging trends like outsourcing impact IT professionals. Buy Now: Just $299

Wednesday, July 16, 2008

International Regions Benchmarking

Susannah Malarkey, reporting about the Technology Alliance's International Regions Benchmarking Consortium offers kudos to their partners, Puget Sound Regional Council and the Trade Development Alliance, and lead sponsors Boeing and Microsoft for their contributions to a very successful inaugural conference in June.

There was an action-packed three days of presentations, panel discussions, site visits and information sharing among the members of our new international learning community: Barcelona; Daejeon; Dublin; Fukuoka; Helsinki; Melbourne; Munich; and Stockholm. Also joining were observers from Scotland, Singapore, and Vancouver, B.C.

Malarkey congratulated Lee Huntsman and Lane Rawlins for providing stellar leadership as conference co-chairs, keeping focused on the goal of forging greater regional understanding and cooperation. Brad Smith addressed the importance of benchmarking as a tool to set goals, measure progress, and identify best practices, while Bill Gates, Sr. joined Malarkey for a keynote conversation about the development of the Puget Sound region over the past several decades into a dynamic, innovation-based economy. Marty Smith served as the official TA delegate; and helping envision the consortium's future.

TA board member Randy Hassler hosted a conversation about location-based strategies to foster innovation at SBRI, and Mark Emmert for participating on a panel regarding the role of universities in promoting innovation. Tom Alberg and Rob Arnold did a wonderful job providing the investor and entrepreneur perspectives during a panel discussion ably moderated by David Tang.

Vaho Rebassoo and Rich White organized a visit to Boeing culminating in a tour of the 787 plant.

The delegates agreed to move forward with the development of benchmarks to help identify best practices and provide tools to measure progress, and Barcelona agreed to host the next conference in 2009. You can read more about the consortium and view conference photos and speaker presentations online.