This year marked the 10th anniversary of the annual Clinton Global Initiative founded by former president, Bill Clinton and former Secretary of State, Hillary Clinton. The event, held in New York City, gathered in a plethora of world leaders, corporate executives and philanthropists. This year’s theme is “Re-imagining Impact,” which Hillary Clinton suggests, “requires leaders who will re-imagine and who will be unafraid to do so and ask themselves, beginning with themselves, hard questions. “
At the announcement of the new service, venture capitalist Marc Andreessen — an investor in Lyft — went on a Twitter firestorm extolling the virtues of the service. Never one to hold back, Andreessen called Lyft Line “an archetypal example of how Silicon Valley is going straight at the hard problems.”
The U.S. Senate on May 6 passed the third version of Senate Bill 743, otherwise known as the Marketplace Fairness Act, which requires consumers to pay sales tax on all Internet purchases. How does this affect the growing crowdfunding industry? Initially, it affects reward-based crowdfunding because the moment anyone takes money in exchange for an item, the transaction becomes subject to sales tax.