We Did It! Awesome Washington, DC No.1 on Forbes List Of America’s New Tech Hotspots

Washington DC tech hub

Back in December of 2009, Elias Shams launched AwesomeDC blog with mainly One MISSION to accomplish:  To wipe out  all those Politics, corruption, and scandals crap from the face of Washington, DC.  Then to position the Nation’s capital as a city of technology, partying, clubbing and fun! Mainly  as a Tech hub. Read the 2nd paragraph right below the video of his interview with CNN where he says “My intention with this blog is to show the world Washington, DC is much more than just Politics, corruption, and scandals. Frankly, I am not sure of that myself either, but I will try  I will be covering everything happening in awesome DC, with the focus on the technology, parties, clubs, events, and of course the awesome Washingtonians” Read more of this post

First Crowdfunding Conference on May 14th in Awesome Washington DC

The Crowdfunding bill that was signed by President Obama last month will have its first conference next week in Awesome DC!

If you are still not sure what the bill is all about and what it means to your business, the bill classifies startups as “emerging growth companies” that can turn to online investors to raise startup capital. Those companies would also be able to sell up to $50 million in shares before having to register with the Securities and Exchange Commission and have up to 1,000 shareholders which is double the current limitation. Read more of this post

Seminar: Navigating the Uncertain Patent Waters

If your company has or is obtaining a patent, don’t miss this important seminar!

In what many consider a surprise decision, the Supreme Court in Bilski decided that business methods can be patented, and rejected the machine-or-transformation test as the “sole test” for patent eligibility.  However, uncertainty remains on what will pass muster with the courts and the PTO.

Join MAVA’s Vanguard Series for a panel discussion on the implications of the Supreme Court’s decision.  Lead by Moderator Phil Bronner of Novak Biddle, Morrison & Foerster’s Alex Chartove and Alex Hadjis and BuySafe’s Jeff Grass, panelists will address a variety of topics including: Read more of this post

Investments Down In DC-Area, Improvement On The Way

by Elias Shams
According to the latest report from MoneyTree, Venture capitalists invested $163.4 million in DC-area companies during the fourth quarter, the highest total of any quarter last year, and more than double the amount invested during the first quarter. Despite the strong finish, however, the $539.6 million invested in local firms during the year was a 45% drop from 2008 levels.

I have a few friends in the area that killed the deal for not willing to give up a bigger percentage of their companies to the investors. The ideas were great….. The VCs were great….. the entrepreneurs just did not want to give up more at such early stage of their deal known as series A investment. I wonder how much of the 45% drop was as the result of such ongoing battle between the entrepreneurs and the investors?

The report on seed-stage financing was not great either, but still there were a few good signs – 2 percent increase in terms of $$$ 🙂 , but not in terms of number of the deals 😦 I have no doubt the continuous seed-stage financings has a lot to do with the fact the investors know some of America’s most successful companies were founded during recessions. Historically, when times are bad for the economy, it can be a great time to start a business. 16 of the 30 companies that make up the Dow industrial average were started during a recession or depression. These include Microsoft, Disney, McDonald’s, General Electric and Johnson & Johnson. In fact, from what I remember, Although, Google started during the glory days of late 90’s, but it really started kicking ass during the 2001 recession. Read more…