Week in Review: IPO task force, debunking tech bubble rumors, and NFTE Gala preparations
Posted by | October 21, 2011
The IPO Task Force unveiled a new effort to ease the IPO road for emerging companies in its report, “Rebuilding the IPO On-Ramp.” The report calls for an easing of regulations that it says are holding back emerging U.S. companies. Among its recommendations, the task force proposes to lower the capital gains tax rate for long-term investors and to give a regulatory break to companies with revenue of less than $1 billion.
In other industry news, deals in the third quarter of 2011 dropped 12 percent in dollars invested compared to last quarter, according to a MoneyTree report from PricewaterhouseCoopers and the National Venture Capital Association. While clean technology experienced a 13 percent drop in dollars invested, the software industry excelled—topping all industries in dollars spent and deals completed. Software had a 23 percent increase in dollars at $2 billion invested.
There was a lot of buzz about a potential “tech bubble” earlier this year, but the recent data around software and Internet-specific companies hint that this is not the case. Gartner sees promise in strategic technologies as well, identifying the top 10 industry trends—including the Internet of Things, as the number and types of things being connected has accelerated.
In Safeguard news, we will announce our third quarter financial results prior to market open on Wednesday, Oct. 26 though a conference call and webcast. Listen in live, or check out the podcast after the call to hear about the progress we’re making at Safeguard and our partner companies.
In little under a month, Safeguard will be celebrating the region’s youth entrepreneurs on Nov. 17 at the NFTE Philadelphia Visionary Gala. Love NFTE’s mission as much as we do? Become a sponsor to help support young people from low-income communities to stay in school, recognize business opportunities, and plan for successful futures.
To read more of our “Week in Review” series, please use the following feed: safeguardscientifics.com/WeekInReview. Have a great weekend!
