Our daily blend of the latest news, trends and tips for the small business community.
What’s going ‘on’:
Angel rounds getting considerably bigger: The median angel round grew from $500,000 in 2010 to $700,000 in 2011, according to new data from Silicon Valley Bank, the Angel Resource Institute and CB Insights. Not surprisingly, California led the nation with 21 percent of the total number of angel deals, while the Mid-Atlantic region accounted for 8.9 percent of the deals.
Eureka park getting bigger, too: The Consumer Electronics Association on Monday announced plans to expand the 2013 Eureka Park TechZone, a dedicated area showcasing innovative start-ups and entrepreneurs at next year’s International CES. The association also renewed its partnerships with the National Science Foundation and the Startup America Partnership, which will continue to help bring innovative start-ups to the convention.
Keep an eye ‘on’:
Fed testing banks’ capital against second recession scenario: The Federal Reserve on Thursday will release a study showing how the capital of 19 American banks would fare in the event of a deep recession and a second housing crisis. The report will show firm-specific results for losses, revenues and capital ratios over a nine-quarter period.
United States’ foreign oil dependence declining:The Obama administration on Monday released a report that shows the United States cut foreign oil imports by 1 million barrels a day in 2011, a 10 percent reduction that the White House said illustrates progress toward achieving greater energy independence.
Helpful advice ‘on’:
How to use Google+ Hangouts in your business (OSB)
H ow to approach small business tax credits (Fox Business)
How to make your start-up more addictive (Open Forum)
How to avoid the most common employer errors (Business Management Daily)