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the PULL #183

January 18, 2017
I did something yesterday that I've never done before. I stopped in to my Congressman's office to talk to him about an issue that concerns me (I live in Iowa's 3rd District and I'm represented by David Young). The issue is the Affordable Care Act (a/k/a Obamacare), the current efforts to repeal and replace it, and how I think that will impact entrepreneurs and small business owners in Iowa. 

I have a personal interest in this (both my wife and I own small businesses in Iowa) and more broadly I'm concerned about how it will effect the innovation community in our state, especially those of us at the early stage of building our businesses. While I did not get the opportunity to talk to the Congressman himself (he wasn't in the office at the time), I did speak with his staff—who were very nice and accommodating—about a few of the issues that I believe are connected to ACA repeal. For example, I noted the HHS report out this week that stated that 1 in 5 people who get coverage through the marketplace are either entrepreneurs or self-employed and that the idea of "job lock" (fearing of leaving a job at an established business because coverage options were limited without an employer-sponsored group plan) was a real detriment to people going out on their own and starting a business prior to the ACA.

Further, I spoke with them about the great work that so many people have been doing over the last several years to encourage and support entrepreneurs in Iowa. I shared my sincere belief that if the ACA were to be repealed without a clear plan for replacement that includes the provisions that are important to people creating businesses then it would be a major set back to our entrepreneurial community.

While the Congressman's staff wasn't able to directly respond to any of my specific concerns they did hear me out and promised to share my thoughts with him. Additionally, they noted that the Congressman is big proponent of small business and would be sure to be interested in what I had said.

Obviously, I have no idea if my visit will make an impact one way or the other. However, it felt really good to have raised the issue at that level. If you have similar concerns, about this or another policy issue, I'd encourage you to visit your representatives' offices, as well. 

Geoff

PS. Pop Up Coworking is back tomorrow! Join us at Inspired Grounds in Valley Junction anytime between 8AM-noon. Details here.
 
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Iowa Startup Accelerator changes 90-day program to full year
Clay and Milk (Matthew Patane, January 13)


The Cedar Rapids-based Iowa Startup Accelerator announced this week that they've moved from the traditional 90-day accelerator model they used with their first three cohorts to a year long program. 

“I think that perception that if you just commit 90 days to this program, you’re going to come out and you’re guaranteed success, it’s just not true,” David Tominsky, the program's Managing Director, told Clay & Milk.

Other changes include a focus on selecting startups with a strong commitment to Iowa, three different intake dates (spring, summer and fall) and a new opportunity for ISA companies to secure a $50,000 follow on investment. 
FarmLogs raises $22 million to make agriculture a more predictable business
TechCrunch (Lora Kolodny, January 11)


Farm management software company FarmLogs announced a $22MM Series C funding raise this week, led by Naspers Ventures. The Ann Arbor, Mich.-based company is in the process of opening a location in Clive, a Des Moines-area suburb.

FarmLogs plans to use the funding "for further hiring and to make its technology known to even more row-crop farmers".
Pinterest’s Ben Silbermann looks ahead
Wall Street Journal (Alexandre Wolfe, January 13)

The Wall Street Journal wrote a profile this week of Ben Silbermann, a Des Moines-native and the founder of Pinterest.

In addition to sharing the back story on how the company was founded, the article tries to confirm an expected IPO for the company in the coming year (“We’re just right now focused on building the business," Ben told the WSJ), notes that the company's 2016 advertising revenues are estimated at $300MM (three times their 2015 mark) and looks at their efforts to improve gender diversity amongst their engineering team.
From the archives:

2016 was a milestone year for the Gravitate community
Geoff Wood

Last week I wrote a post about the broader Iowa innovation community's achievements in 2016 and this week I want to highlight the good things that happened a little closer to home here in the Gravitate community. All in all, it was a pretty eventful year in 2016 so even though we’re already a few days into January, I wanted to take a few minutes to share some things that I'm proud we accomplished.
See the full Gravitate calendar
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