Tech Wildcatters Blog

Disclaimer: This is not the typical, generic internship.

 

Disclaimer: This is not the typical, generic internship.

If you are looking for an internship that's only about making copies and do coffee errands, this is not for you.

Is An Accelerator Right For You?

Many startups have trouble continuing to find the necessary amount of funding after launching, mainly due to lack of connections. This is the point when the majority of startups fail and a big reason accelerators are attractive.  

The purpose of an accelerator is to guide your business through this stage, and help you become the independent company you strive to become. Partnering with an accelerator is an investment in your company and a valuable learning experience for you. The accelerator’s goal is to break your company free of the restraints holding it below your competition.

Become a Better Mentor in 3 Steps

Starting a business is a bit daunting for new entrepreneurs. A big way to ease some of that pain and confusion is through the opportunity to connect with and learn from a mentor. But in order for them to gain the most from this opportunity, it is important the mentor also knows how to set a good example and aid their mentee to success. Consider these three tips when you mentor a startup to have the best impact possible on your mentee.

What No One Tells You About Angel Investing

Becoming an angel investor is a wonderful initiative - it helps companies, it helps entrepreneurs, it helps your portfolio, and it helps your community. However, like anything it else, it comes with its problems. People don’t often like to discuss these problems, but ignoring them won’t make them go away.

The best thing you can do is to be fully prepared for all circumstances as an angel investor. If you’re new to the investor space or just want to make sure you have all your bases covered, here are two of the most common issues no one wants to tell you about angel investing.

Meet Our Interns: Sean, Daniel, Alex, Alyssa, Doug and Arya

Here at Tech Wildcatters, our interns help us get amazing things done. (Seriously, a lot of things). And now it's time for you to meet them.

CEO Spotlight: Jason Taylor, Code Authority/CodeLaunch

Q: What's the first thing you do in the morning?

Message from Our Newest Partner: CodeLaunch

Tech Wildcatters and CodeLaunch are symbiotic amenities in the North Texas entrepreneurism ecosystem, which is one reason why CodeLaunch is thrilled to be partnered with Tech Wildcatters. CodeLaunch is an annual seed accelerator which pairs embryonic stage software technology startups with software developers and entrepreneurs. CodeLaunch was created and is produced by Frisco, TX based Code Authority and a family of entrepreneurial minded sponsors and partners.

NOTE FROM OUR SPONSOR: Dominion Harbor Group

We are excited to be partnering with Tech Wildcatters to provide members with the kind of exceptional insight and guidance on intellectual property (IP) that only Dominion Harbor Group’s (DHG) singular experience in IP portfolio value optimization can provide.  DHG is one of the most respected integrated patent advisory and optimization firms in the U.S., with decades of experience among its seasoned team of licensing, legal, technical, engineering and financial professionals.

Note from Our Partner: Whitley Penn

It’s that time of the year again! If you’re reading this, there’s a very good chance that you and your company are working on taxes. There’s also a good chance you’ve gotten confused or frustrated during the process. Good news, we have word directly from tax experts at Whitley Penn explaining what’s new this year. Here’s what you need to know. 

On Friday, December 18, President Obama signed into the law the “Consolidated Appropriations Act, 2016” including the “Protecting Americans from Tax Hikes (PATH) Act of 2015” (“Act”, “law”).  The new law ends months of uncertainty regarding “tax extender” provisions that Congress enacted only on a temporary basis in prior years.  The Act makes several of these provisions permanent and also temporarily extends other provisions for a limited time period.  Note that the effective date of the changes varies for each provision and the expiration period for each temporary provision also varies.

Some of the key provisions that were made permanent by the Act include:

  • Deduction for state and local sales tax.
  • Research and development credit.
  • Increased Internal Revenue Code (IRC) Section 179 expense limitations.
  • 100% exclusion for gain on qualified small business stock.
  • Reduced built-in gain recognition period for S Corporations.
  • 15-year recovery period for qualified leasehold improvements.
  • 15-year recovery period for qualified restaurant buildings and improvements.
  • 15-year recovery period for qualified retail improvements.
  • Tax-free distributions from individual retirement plans for charitable purposes.
  • Enhanced child tax credit.
  • Enhanced education credits and expenses.

Various income tax, excise tax, and fee provisions that were modified or extended on a temporary basis by the Act include:

  • Bonus depreciation on qualifying property. The applicable recovery percentages are 50% for property placed in service in 2015 through 2017, 40% in 2018, and 30% in 2019.
  • Increased first-year depreciation limitation for automobiles and light trucks.
  • Certain employer tax credits such as the Work Opportunity Tax Credit and the New Markets Tax Credit are extended and modified on a temporary basis.
  • Various energy and alternative energy credits and incentives are extended and modified on a temporary basis.
  • The 40% “Cadillac” excise tax on high-cost employer health plans is delayed until tax years beginning after December 31, 2019.
  • The medical device excise tax is delayed and will not apply to sales made in calendar years 2016 and 2017.
  • The annual fee assessed to health insurance providers is delayed one year.

The passage of the new law eliminates much of the uncertainty that taxpayers encountered for several years while trying to develop a long-term tax plan.  We recommend that you contact your Whitley Penn tax advisor to discuss how these new developments impact your tax position and to implement the provisions into your overall tax strategy.

Note From Molly: Go, Go, Go!

Just yesterday, we brought in some of our key mentors and investors to help us take those precious second and third looks at the hundreds of startups who have applied to be part of the Class of 2016. It's a fun tradition for us to review applications with people who are smarter than us (and those who will ultimately invest and mentor the upcoming class). We walked away having identified the coveted list of startups that will be invited for Finals, the last step in the application process, which takes place in February.