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| The credit crunch and economic
downturn have some angels feeling skittish, but others see opportunity: Studies show that the best
time to start a business is when the economy is down. That's because entrepreneurs with good ideas
will find cheaper land, labor, supplier contracts, and other ingredients that go into starting a
business. |
| (Source: BusinessWeek, 2008-04-17) |
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| Venture capital transaction
volume dropped about 8.5 percent in the first quarter over the fourth quarter of 2007, according to
data released by the MoneyTree Report from PricewaterhouseCoopers LLP, New York, and the National
Venture Capital Association, Washington. Another survey by Dow Jones VentureSource, San Francisco,
pegged the deal flow decline at seven percent, which the company said was the lowest level since the
first quarter of 2005. |
| (Source: Pensions & Investments,
2008-04-21) |
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| An increasingly muscular breed
of vulture investors have higher profiles than ever before. Lately they are all feasting on the
riskiest and most troubled assets, those that continue to make most investors nervous. |
| (Source: BusinessWeek, 2008-04-24) |
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| Small- and mid-market private
equity firms say that the U.S. economy is in a downturn, and that an extended period of market
uncertainty would adversely impact P.E. firms. However, they remain optimistic about their own
prospects and have generally set aggressive fundraising targets for 2008 and beyond. |
| (Source: Finalternatives,
2008-04-25) |
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| Technology makes it possible
to run a business from practically anywhere on the planet, but what if your business partner lives
in a different city or a different time zone? How do long-distance partners make it work? The answer
appears to be with lots of planning and smart use of technology. |
| (Source: The New York Times (free reg. req'd),
2008-04-24) |
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| Business owners face unique
challenges that complicate retirement. A small business needs a succession plan in place so that
owners can get the true value out of the business when the time comes. |
| (Source: Fort Worth Business Press,
2008-04-28) |
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| The Bush administration is
accusing China, Russia and seven other nations of failing to protect American producers of movies,
computer software and other copyrighted material from widespread piracy. The administration placed
the nine countries on a "priority watch list" that will subject them to extra scrutiny and could
eventually lead to economic sanctions -- if the administration decides to pursue complaints before
the World Trade Organization. |
| (Source: SiliconValley.com (free reg. req'd),
2008-04-25) |
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| The U.S. government should
consider lifting limits on investments in banks by private equity firms, a U.S. Treasury official
said, noting such firms played a key role in recent bank recapitalizations. Robert Steel, Treasury
undersecretary for domestic finance, said his department had been discussing the issue with the U.S.
Federal Reserve Board. |
| (Source: Reuters, 2008-04-25) |
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| Industry advocates rejoiced
when the Supreme Court kept alive a case that challenges the right of state agencies to enforce
their own patent rights while remaining immune to patent infringement suits by private companies.
The high court stopped short of granting review in the case, but asked the Bush administration's
legal representative to the court for advice. |
| (Source: San Francisco Chronicle,
2008-04-22) |
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| The Internal Revenue Service
reviewed more corporate tax returns filed during the government's 2007 fiscal year than it had the
previous year, which contributed to a 22 percent boost in revenue from enforcement activities. One
of every 75 companies had its tax filing audited, according to the Treasury Inspector General for
Tax Administration. |
| (Source: CFO.com, 2008-04-28) |
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| John
Thornburgh |
Harry
Gonso |
John Thornburgh and Harry Gonso,
both partners at Ice Miller, along with Indiana Gov. Mitch Daniels, Secretary of Commerce Nathan
Feltman, the presidents of Indiana and Purdue universities and John Diekman, founder of an early
stage life science venture capital fund, will speak at the fourth and final program in the 2007-08
Indiana Life Sciences Collaboration Conference Series.
Find out more information about this life sciences event.
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Ice Miller client ChaCha received more national attention when
an article authored by influential personal tech columnist Walt Mossberg appeared in the Wall
Street Journal. Mossberg describes ChaCha as "fast, accurate and useful."
Read the Wall
Street Journal article.
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