Turbine maker Hydrovolts on brink of liquidation, ex-CEO resigns from board

Hydrovolts, a Seattle startup that developed turbines to generate clean power from canals, is hemorrhaging cash and is on the brink of liquidation, GeekWire has learned. Founder and former CEO Burt Hamner resigned from the board this week, and a board meeting had been planned for Tuesday afternoon to discuss liquidation. Representatives for Hydrovolts could not… Read More

Spencer Rascoff of Zillow

Zillow CEO Spencer Rascoff sounds off on the JOBS Act, calls it a ‘step backwards’

The Jumpstart Our Business Startups Act, also known as the JOBS Act, was signed into law by President Barack Obama six months ago. The measure was supported by many in the technology and startup communities, in part because it was designed to loosen regulations on emerging businesses, including obligations to comply with Sarbanes-Oxley and other… Read More

Half-full glass (Kurt Schlosser photo)

Optimism fades as venture capitalists head into 2012

Generally speaking, venture capitalists and startup CEOs are kind of half-glass-full kind of folks. But even these optimistic groups are uncertain about the economic environment in 2012. According to the sixth annual predictions survey released today by the National Venture Capital Association, venture capitalists and startup CEOs are not as bullish as they were at the… Read More

SEC chief Mary Schapiro

SEC to review rules on how startups raise money

Guest Commentary: Breathtaking, front-page news in the Wall Street Journal this morning. Securities and Exchange Commission chief Mary Schapiro has sent Representative Darrell Issa a letter stating that the SEC is looking for “ways to reduce the regulatory burdens on small business capital formation.” The Journal article suggests that rule changes could include raising the… Read More