Happy Monday, Wealth Technology editor Aleksey Oreskovic here today, hitting him for Leo. Since the Americans celebrated a long weekend on Independence Day, they were treated for several significant holiday and fireworks showing in constantly facilitating the relationship between Silicon Valley and Washington, DC
By the festive page, Investor investors And the startup founders have accustomed a provision in the Trump tax and spending account that is expanding tax exemptions for sales tax in certain small businesses. Changes in the qualified small business stock program mean that owners and investors at home corporation C with up to $ 75 million (growth from the previous $ 50 million threshold) will get more ways to take advantage of the benefit. Treasure Planning Advisor statements about CNBC That the investor can now put “$ 74.9 million in small business and have up to $ 749 million free from capital gains if it is sold more than 10 times from the initial basis.”
“We see many more founders / early employees who sell secondary, but we hope we will see many more people who want to join startups!” tweet Deddy Das.
An entrepreneur who is not impressed: Elon Musk, who said at the weekend he was Launch the party in AmericaA new political party to “fight Republicans/Democratic Uniparts” on the eve of the law through Congress. “What is @doge’s view if he only will increase his debt by $ 5 trillion?” Musk tweet on Sunday.
As expected, Trump responded with Vitriol, calling Musk “Ruin of the Train”, which went “out of the rails”.
It is unclear whether Musk still took concrete steps to confirm America’s party (as of Saturday night, no documents were submitted, according to Newoux Times). But the real question is what kind of concrete revenge Trump could try to take it at the time of his donor to the political ally and the campaign donor. Trump before endangered To reduce federal agreements and subsidies for Musk’s various businesses, which include SpaceX And Tesla (Tesla’s actions often follow the ups and downs of Musk’s political happiness), and even dealt with potentially Having deported from Musk.
In short, this super size Donbrook does not seem to calm down any time soon.
Another thing. Talking about Trump and Silicon Valley, it’s no secret that the president would like Apple To make iPhone on American soil. I strongly recommend this a piece of my colleague Verne CopitofWho looked at what happened the last time a big technology company (Google) tried to build smartphones in the US
Back to regular sheet programming with Ali tomorrow,
Aleksey Orkovic
X: @lexnfx
Is -loda: alexei.oreskovic@fortune.com
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Ali Garfink curated the deal part of today’s newsletter.
Investing deals
– – Nordic air defenseStockholm -based defense has raised $ 3 million in strategic funding. Slope led the round.
Comes out
– – These investments agreed to acquire a majority stake in Enabling a learning groupa UK -based school service provider, by Graphic capital. The financial conditions were not disclosed.
Else
– – Denso gained the Netherlands based in the Netherlands Seeds of vegetables on the axisDeveloper of a wide range of high -performance tomato seeds known for their high disease resistance, good taste, quality and high yield. Investors include The smaller Perquins, Temsk, And WP Global Partners.
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