The House today voted 241-181 in favor of the Tax Extenders Act of 2009 that would raise tax rates on “carried interest” earned by investment managers – including venture firms – to ordinary income rates (~35%), from a lower capital gains rate (15%). The bill now moves to the Senate.
In the WSJ, Terry McGuire has a pathetic set of whining gibberish in opposition to this move: >>>
From a terrific review of Entrepreneur Journeys by Anshul Tewari for Youth Ki Awaaz:
“This book is by far the best book I have read in 2009.” >>>
Click here to come directly into the DimDim room.
By Guest Author Shailesh Otari
Deal Radar heads back to India for the rest of this week, first to a young company created by a young entrepreneur in Calcutta. Straight out of high school, Pallav Nadhani started InfoSoft Global, a software product company, in 2002. Under an umbrella brand called FusionCharts, the company provides data visualization software that helps customers make interactive charts and graphs for their Web and desktop applications. FusionCharts is basically a pluggable library, components of which can be used in other applications to build visually exciting graphs.
Luis Machuca is the president and CEO of Kryptiq Corporation, a healthcare connectivity company that facilitates an open collaborative network for healthcare. Prior to his time at Kryptiq, Machuca held several leadership positions in the tech industry. He joined Intel in 1981 and spent 15 years there, in a variety of management roles. In 1996, he became the EVP of the NEC Computer Services Division of PB-NEC Corp. In 1999, he joined eFusion Corp. as president and COO and subsequently merged the company with ITXC. He received his BS in electrical engineering in 1980 and his MS in industrial engineering in 1981 from Purdue University.
SM: Luis, to get started please tell us about your background. Where do you come from?
LM: I was born in Puerto Rico and lived there through high school. I then went to Purdue University. Since Puerto Rico is part of the United States, it was an easy transition logistically, but it was more difficult to do culturally. >>>
Atlanta, Georgia-based Silverpop is a permission-based email marketing solutions, strategy, and services provider. Its solutions, delivered as Software-as-a-Service (SaaS), are tailored to the needs of B2C and B2B marketers. Founded in 1999, the company was originally named Activegrams, and then renamed Avienda Technologies. In 2001, the company was renamed Silverpop. It has offices in Munich, Germany, the United States, the United Kingdom, and Australia. >>>
SM: I find it interesting that your market is not a cutthroat environment. The European companies are focused on Europe.
DD: They do compete with us in some parts in Asia, Brazil, and Mexico. They are truly global. Yes, the competition is there, but the challenge for us is not from online competitors. The competition is from the classroom. From a positioning point of view, because we are focused on the global scale we sometimes ignore local, smaller, deals. >>>