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When Cathy Hsu and Tony Hsieh wanted to build an English language app for Chinese children, they decided to follow Facebook and Google's lead.Start-upsread more
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Instagram began tests that hide "like" counts on posts. That means influencers who market products on Instagram will have to rely on different metrics to show success.Technologyread more
Peter Neupert worked for Microsoft and Amazon-backed Drugstore.com, where he got to know Jeff Bezos. He now advises start-ups.Technologyread more
The firing of the tear gas was the latest confrontation between police and protesters who have taken to the streets for over a month to fight a proposed extradition bill and...China Politicsread more
Last week shows that oil prices are not the indicator for Middle East tensions they once were, and worries about global demand and growing U.S. production has changed that...Market Insiderread more
Facebook Vice President David Marcus is the face of the company's Libra digital currency, but the original driving force was a 26-year-old female corporate-development...Technologyread more
House Republicans issued a tax reform bill on Thursday with at least one feature that start-up employees should be excited about-- a provision that would make it easier for them to exercise their stock options.
Venture capitalist Keith Rabois, who is also executive chairman of real estate platform OpenDoor, praised this aspect of the GOP's tax plan on Twitter (although he was not pleased with the rest of the bill):
Stock options are one major reason that people who could command higher salaries elsewhere will work for, or create, a new company. But today, employees have to pay taxes up front when they exercise their stock options, with share prices set by the company. That can be a problem for people without cash on hand.
Existing tax laws around equity-based compensation can even drive a company's employees to let their options go, and miss out on the future windfall when that start-up goes public or is acquired at a good price.
The CEO and President of the National Venture Capital Association, Bobby Franklin, said in a statement:
"We are pleased the House Ways and Means Committee...[included] an NVCA-backed proposal to allow startup employees to defer taxes on their exercised stock options without a liquid market to sell them." The NVCA views this policy, and some others in the Republican tax plan, as encouraging new company formation.