Steve Case: Passing Immigration Legislation Victory For Startups

While Nibletz isn’t going to pontificate on the southern border issue in the United States, the recently passed Senate Immigration Bill is solving a huge problem for startups. One that the likes of Steve Case, Scott Case, Marc Nager, Brad Feld, and others have been championing.

In the most basic of laymen’s terms, it’s somewhat easy for a foreigner to come to America, attend an accelerator, get funding for their company, and go home. It gets rocky when they want to stay and build their company in America, one of the reasons Startup America and other organizations are even around.

It’s also somewhat easy for a sharp foreigner to come and work for Google, Microsoft, or Facebook, but when they have that great idea and want to build their startup in the U.S. things get a lot more dicey.

The new immigration legislation includes “startup visas” that according to The Washington Post, will “allow entrepreneurs from around the world to start firms and create jobs.”

Earlier this year at SXSW Steve Case and Scott Case (no relation) spent a lot of time celebrating startups across the country. However at Startup America’s huge SXSW party, Steve Case took to the stage to talk about immigration and how we needed this reform in order to help spur innovation from great minds who, in most cases, have come over to the United States and seen what they can do here.

Steve Case told The Washington Post: “This important step demonstrates the capacity of our elected leaders in Washington to come together across party lines to advance what is clearly in our nation’s best interest – an immigration system that meets the needs of our 21st century economy. The Senate’s bill will attract the world’s best entrepreneurs and innovators and be a key ingredient to sustaining America’s long-term competitive edge.”

Steve Case, the founder of AOL and Revolution has done some major lobbying on Capitol Hill over the past 4 years to help spur entrepreneurship and innovation across the country. He is the founding chairman of Startup America, which recently merged resources to go global with Startup Weekend as UpGlobal.

Steve Case is also trying to save social local commerce

E-vite founder John Bracken Shows Off HIs New Startup Speek VIDEO

Before “Startup” was one word, before Facebook and Google alumni were the “in crowd” in the startup scene, and before everyone had cable internet, a new revolution was happening in the Washington DC area. That revolution was AOL alumni founding startups.

John Bracken is one of those AOL alumni. At the time, the largest consumer online service was based in Northern Virginia. We call it a consumer online service because Steve Case said last week at an event that it wasn’t before AOL turned six years old that the service could actually access the internet. Commercial companies were banned until then.

If you think you’ve heard Bracken’s name before you might have. He was a co-founder for e-vite which was the original online invitation and event service. This was years before Eventbrite.

Well Bracken is back and just like e-vite, Bracken’s new startup self serves a problem that he has had with conference calls. A problem that he knows others have. In fact a startup in the conference call space, UberConference, won the TechCrunch Disrupt Battlefield Cup last week in New York.

Bracken’s startup is called Speek and it allows people to initiate conference calls much easier than they could with traditional conference calling methods. With Speek, long gone are the days of tedious 800 numbers to remember, and unusually long codes to remember.

More after the break
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Yahoo Kills Livestand

Yahoo, a company with a brand new CEO, Ross Levinsohn, is shutting down it’s News stand that it started just months ago. In an application I nor many of you have ever heard about Livestand, was supposed to be Yahoos response to Flipboard which like many of Yahoo’s recent projects has failed. In an attempt to turn the company around Levinsohn is trying to streamline what the company does.

While we received great feedback on Livestand’s design and it earned a 4-star rating in the App Store, we committed ourselves to continuously measure and scrutinize what’s working and what isn’t. We have learned a lot from Livestand and are actively applying those insights toward the development of future products that are better aligned with Yahoo!’s holistic mobile strategy.

Regan Clark mentions on Yahoo’s Blog. While never making any inroads or showing any interest in Android, Yahoo is said to be wanting to push full steam ahead with Mobile, as seen with it’s recent launch of Axis.

Karma? Arianna Huffington Gets Hacked By Nigerian Hackers

Gawker is reporting and now Arianna her self is confirming that yesterday morning her personal email was hacked into. For those who don’t know who she is, she is the founder of Huggington Post, a blog site which after selling to AOL for over $300 million never gave a dime to her workers, many of whom she never paid in the past.

The email went out to look like Arianna her self sent a document for people to see. What it did was leave those who opened the email to a mock site for users to log into. Thus providing their email and passwords to the hackers.

AOL Shoots Up 35% After $1 Billion Dollar Patent Announcement

AOL has inked an amazing deal with rival Microsoft to sell 800 of their patents to the Redmond based computer giant. The deal is said to be worth $1 billion dollars and includes licensing back to AOL.

AOL stock closed at $18.42 on Friday and skyrocketed to $25.16 on the news of the patent sale. While Tim Armstrong is taking much of the credit for the patent sale it was actually sparked by activist shareholder Starboard Value LP who had said earlier on that, if structured properly, AOL could stand to earn $1 billion dollars or more off it’s treasure trove of patents.

Obviously it was structured properly.

AOL is holding onto 300 of their patents which revolve around some of their current core business’ like maps, and search.

“This is a valuable portfolio that we have been following for years and analyzing in detail for several months,” Microsoft’s General Counsel Brad Smith said in a statement.

The patent transaction is expected to close by the end of 2012 and has a sweetheart breakup clause as well. Should the sale not go through, Microsoft will be on the line to AOL for $211.2 million dollars.

Analysts are hopeful that this influx of cash from the sale of it’s patents will help AOL continue to rebuild it’s core business units.

source: Reuters