Impact

LegalZoom and the NBA Team Up to Provide Game-Changing Support to Small Business Owners

LegalZoom.com, Inc. | October 18, 2021

LegalZoom.com, Inc. , a leading online platform for legal and compliance services, and the National Basketball Association (NBA) today announced a new multiyear partnership, which will tip off with the creation of “Fast Break for Small Business,” a community initiative that will award $6 million in grants and LegalZoom services to support thousands of small businesses throughout the country. This first-of-its-kind program provides capital and other critical resources small businesses need to operate and grow, changing the game by removing barriers minorities, women, immigrants and members of the LGBTQ+ community often face.

There are more than 32.5 million small businesses in the United States, which employ nearly 47% of the private workforce. Interest in small business formation is at a record high. More than 1.5 million new small businesses were formed in the third quarter of 2020, nearly double the number formed during the same period the prior year.

Much of this growth is being fueled by people from under-represented communities. However, these individuals often have a harder time accessing the resources they need to succeed. According to the U.S. Chamber of Commerce, more than two-thirds of small business owners agree that minority-owned small businesses face more challenges than non-minority-owned businesses. Black and Hispanic-owned businesses are twice as likely to be considered “at risk” by banks, while women receive only 4% of small business loans. “Fast Break for Small Business” was created to address these disparities and give people in these communities a fairer shot at turning their dreams into reality.

“Our mission at LegalZoom is to democratize law in ways that help all small business owners thrive. Our commitment to promote social equality and economic inclusion align perfectly with the values of the NBA, WNBA and NBA G League. The ‘Fast Break for Small Business’ program accelerates our ability to support both new and existing small businesses while reducing the endemic inequalities in the financial and legal systems.”

Dan Wernikoff, CEO of LegalZoom

“Our partnership with LegalZoom is a significant extension of our commitment to increasing economic opportunities for historically marginalized communities,” said NBA Commissioner Adam Silver. “Together we will bring meaningful resources to entrepreneurs and directly address many of the challenges facing minority-owned small businesses.”

“Small businesses across the country are really the heart and soul of who we are as Americans. They’re the life blood of our country and right now they’ve been through some tough times,” said Basketball Hall of Famer and “Fast Break for Small Business” Ambassador Grant Hill. “I know first-hand the challenges and difficulties that exist with being a small business owner. But I also am impressed with the resiliency, the toughness and the commitment necessary to be successful. To be able to support and provide services and to be there for them, that’s a great feeling and something we all should be proud of.”

The NBA and LegalZoom are working closely with Accion Opportunity Fund, the nation's leading nonprofit small business lender, the National Minority Supplier Development Council (NMSDC) and the Women's Business Enterprise National Council (WBENC) to assist in recruiting program applicants who have been particularly impacted by the pandemic. Accion Opportunity Fund will manage distribution of the grants. Additionally, the NBA Foundation, which was launched last year to provide greater economic opportunity and career advancement for Black youth, will partner with its grantees, totaling 40 to date, to further the reach of the “Fast Break for Small Business” program by offering entrepreneurial support, job training, and access to professional mentors.

LegalZoom has also committed to be an Associate Partner at marquee events across the NBA, Women’s National Basketball Association (WNBA) and NBA G League, including NBA All-Star, WNBA Commissioner’s Cup and NBA G League Winter Showcase, to promote the “Fast Break for Small Business” program and spark dialog of the inequalities it aims to address.

About LegalZoom
LegalZoom is a leading online platform for legal and compliance solutions in the United States that is on a mission to democratize law. LegalZoom operates across all 50 states and over 3,000 counties in the United States and has more than 20 years of experience navigating complex regulations and simplifying the legal and compliance process for its customers. Driven by its core value that every business deserves the full protection of the legal system and a simple way to stay compliant with it, LegalZoom helps its customers form and protect their businesses, their ideas and families. In 2020, 10% of all new LLCs and 5% of all new corporations in the United States were formed through LegalZoom, enabling small business owners to apply their energy and passion to their businesses instead of the legal and regulatory complexity required to operate them. In addition to business formations, LegalZoom offers ongoing compliance and tax advice, trademark and copyright filings and estate planning documents to protect small businesses and the families that create them.

About the NBA
The NBA is a global sports and media business built around four professional sports leagues: the National Basketball Association, the Women’s National Basketball Association, the NBA G League and the NBA 2K League. The NBA and the International Basketball Federation (FIBA) also jointly operate the Basketball Africa League (BAL). The NBA has established a major international presence with games and programming available in 215 countries and territories in more than 50 languages, and merchandise for sale in more than 100,000 stores in 100 countries on six continents. NBA rosters at the start of the 2020-21 season featured 107 international players from 41 countries. NBA Digital’s assets include NBA TV, NBA.com, the NBA App and NBA League Pass. The NBA has created one of the largest social media communities in the world, with 1.9 billion likes and followers globally across all league, team, and player platforms. Through NBA Cares, the league addresses important social issues by working with internationally recognized youth-serving organizations that support education, youth and family development, and health-related causes. Created in August 2020, the NBA Foundation is the league’s first-ever charitable foundation dedicated to driving economic opportunity for Black youth. The Foundation invests in local and national organizations that promote school-to-career and workforce development opportunities.

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FINANCE

BILL Unveils the Only Platform for SMBs: Integrating Finance

BILL | September 11, 2023

BILL, a leading in financial automation software provider for small and midsize businesses (SMBs), has announced the introduction of a new BILL Financial Operations Platform for SMBs, which integrates category-leading solutions across accounts receivable (AR), accounts payable (AP), and expense and spend management. With this new launch, BILL is delivering the most extensive capabilities for SMBs to enhance and manage cash flow within a single platform. According to BILL's State of Finance Automation report for 2023, over 80% of respondents believe that automation is essential for managing their finances in order to achieve more strategic business objectives. Bill payment is crucial, but they are also seeking more comprehensive and integrated solutions for managing more of their cash flow. The challenge is that, until recently, many SMBs were required to manage their incoming and outgoing cash flow across disparate systems and applications that are not integrated. With the latest integrated financial operations platform by Bill, SMBs can acquire better real-time business insights into their cash flow. In addition, businesses can optimize their cash flow more effectively with a variety of payment and funding options, such as Pay By Card, international payments, virtual card, the BILL Divvy Corporate Card, and real-time payments like instant transfer. The BILL’s New Financial Operations Platform includes: BILL Accounts Payable automates the complete AP process to simplify invoice entry for SMBs by leveraging data capture and artificial intelligence to streamline approvals. It also offers flexible payment options, enhancing the efficiency and transparency of financial operations. BILL Accounts Receivable automates AR through invoice generation, estimations, payment tracking, and collections, allowing SMBs to be paid quicker via ACH, credit, and debit cards. BILL Spend & Expense is an all-inclusive expense and spend management solution that incorporates free software with corporate cards to offer SMBs customizable control and real-time visibility over their business finances. To simplify the customer experience, Divvy from BILL will now be known as BILL Spend & Expense. The features and capabilities of Divvy, such as setting budgets, monitoring expenses, and gaining access to the credit businesses need to expand, will remain unchanged. Irana Wasti, Chief Product Officer at BILL, mentioned, “By offering ongoing innovation in our platform, BILL continues to revolutionize the way SMBs and accountants use financial automation to succeed. We’ve pioneered a more integrated and exhaustive experience to provide SMBs the ability to enhance and manage their financial operations in one place – assisting them make the right financial decisions so their businesses can thrive.” [Source – Business Wire] About BILL BILL, headquartered in California, is the industry-leading financial operations platform for small and midsized businesses (SMBs). As an advocate for SMBs, the company is automating the future of finance so that businesses can flourish. Its integrated platform enables businesses to more effectively manage their payables, receivables, expenditures, and expenses. Hundreds of thousands of businesses rely on BILL's network of millions of members to pay or get paid faster. BILL is a trusted partner of prominent U.S. financial institutions, accounting software vendors, and accounting firms.

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Technology

Thryv's Sweeps Industry Awards Dominating the SMB Software Landscape

Thryv | September 07, 2023

Thryv Holdings, Inc., a prominent provider of software platforms for small and medium-sized businesses, recently garnered significant industry recognition for its award-winning SaaS technology. These accolades include Best SaaS Product for SMBs and SMEs, Best SMB CRM Solution, and Best Business Management Software Platform, received from esteemed awards programs such as the World Future Awards, MarTech Breakthrough Awards, and the 2023 SaaS Awards, as well as its consistent ranking in the top 10 of Selling Power's 50 Best Companies to Sell for 2023. Here are some key highlights of the recognition: Best SMB CRM Solution: Thryv Marketing Center was honored with this prestigious award from the MarTech Breakthrough Awards program, a renowned market intelligence organization that acknowledges top companies, products, and technologies in the global marketing, sales, and advertising technology sectors. This recognition comes after being selected as one of the best among more than 3,500 nominations spanning 19 countries. Best Business Management Software Platform: Thryv Business Center was recognized with this accolade at the World Future Awards, highlighting it among the best products, software, and services poised to reshape the global economy and shape the future landscape. Best SaaS Product for Small Business and SMEs: The 2023 SaaS Awards recognized Thryv's SaaS product as one of the finest in the world of software and Software-as-Service. Top 8 Global Ranking: Thryv secured the 8th position in the highly competitive Selling Power's 50 Best Companies to Sell for 2023 list. This marks the company's sixth consecutive appearance on the list, with each year showing an improvement in its ranking. Ryan Cantor, Thryv’s Chief Product Officer, commented, “Our SaaS platform helps business owners across the globe to quickly and easily build, manage and strengthen customer relationships, and ultimately grow their footprints. This latest recognition is testament to our talented team, innovative SaaS technology and great customers, and it reinforces how Thryv helps small businesses succeed.” (Source - Business Wire) About Thryv Holdings, Inc. Thryv Holdings, Inc. is a leading small business management software solutions provider, serving a diverse clientele of over 55,000 small to medium-sized businesses (SMBs). Its acclaimed SaaS platform, Thryv, empowers these enterprises with the essential tools to modernize and grow their operations, enabling them to navigate and succeed in today's dynamic economic landscape. Additionally, the company oversees the digital and print presence of more than 400,000 SMBs, harnessing proprietary local online and print directories, along with integration into popular social media and search engines to foster connections with local consumers. This holistic approach aids businesses in acquiring new customers and bolstering their bottom line, cementing Thryv Holdings, Inc.'s commitment to providing comprehensive and innovative solutions that empower SMBs to thrive in a fiercely competitive market.

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MANAGEMENT

DigitalOcean Launches Managed Kafka Offering

Business Wire | September 27, 2023

DigitalOcean Holdings, Inc., the cloud for startups and SMBs, today announced the launch of DigitalOcean Managed Kafka, a new, fully managed data streaming platform as a service offering for Apache Kafka. DigitalOcean Managed Kafka helps small and medium-sized businesses across industries, including video streaming, the Internet of Things (IoT), data analytics, gaming, and eCommerce, access and process data streams in real time while eliminating the complexity associated with the Kafka administration. Through this offering and other enhancements across DigitalOcean’s portfolio, startups and tech entrepreneurs can more easily grow their businesses in the cloud. “While Kafka is the gold standard for data streaming, it frequently presents technical challenges for smaller businesses with budget and resource limitations. We are excited to introduce a solution that makes this technology more accessible and meets DigitalOcean’s standard for simplicity,” said Megan Wood, Chief Strategy & Product Officer at DigitalOcean. “By reducing the burden of implementing a new platform, companies can shift their focus away from the complexity of managing their data streaming services and get back to building apps that differentiate their business.” As businesses receive higher amounts of data inputs, the ability to rapidly capture and process this data becomes crucial. Thousands of companies, including over 80% of Fortune 100 companies, rely on Kafka to optimize their data streams and provide leaders with insights that inform decision-making. With DigitalOcean Managed Kafka, startups and SMBs can benefit from the ability to scale up and down clusters with ease while setting up alerts for proactive maintenance. Additionally, DigitalOcean customers can expect end-to-end security via private networking and data encryption along with cost-effective, predictable pricing starting at $147 for a three-node cluster. “DigitalOcean's Managed Kafka offering has been a game-changer for us at Datacake,” said Lukas Klein, Chief Technical Officer at Datacake. “By taking care of the operational aspects of running our Kafka cluster, we have been able to focus our attention on what really matters – building a great product. With this new service, we were able to migrate seamlessly to an event-based architecture while maintaining the highest levels of operational security.” Alongside DigitalOcean Managed Kafka, DigitalOcean has been making investments in its product and infrastructure offerings to provide peace of mind, increased productivity, and more affordable solutions to SMBs and startups. Some of those recent updates include: GPUs with the acquisition of Paperspace-The computing power needed for training AI models and deploying at scale Premium CPU-Optimized Droplets-Higher outbound network speeds, higher performance, and faster disk writes than standard Droplets Enhanced memory and storage for Basic Premium Droplets-More flexibility with a wider choice of virtual machines Low-cost support plans for every size of business-Eight-hour response times for all issues, regardless of severity Object Storage in the Bangalore data center-Increased performance with compute and storage in one location In addition, over the coming quarters, DigitalOcean will unveil the following enhancements and capabilities to continue to make DigitalOcean the cloud of choice for SMBs and startups: More flexible storage offerings -Effortlessly accommodate dynamic storage requirements with Scalable Storage for Managed Databases, a cost-effective solution that helps businesses expand their data footprints with confidence Faster, frequent, and comprehensive Backups -Ability to create daily Droplet backups that are differential, significantly reducing the time required to create them Better performance for a range of products -Extending the premium variant to the General Purpose line of Droplets, providing newer generation CPUs, faster NVME drives, and up to 10 Gbps of outbound data transfer speeds making them ideal for running e-commerce, consumer, and SaaS apps About DigitalOcean DigitalOcean simplifies cloud computing so builders and businesses can spend more time creating software that changes the world. With its mission-critical infrastructure and fully managed offerings, DigitalOcean helps developers at startups and small and medium-sized businesses (SMBs) rapidly build, deploy and scale, whether creating a digital presence or building digital products. DigitalOcean combines the power of simplicity, security, community and customer support so customers can spend less time managing their infrastructure and more time building innovative applications that drive business growth.

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BUSINESS STRATEGY

Calix SmartBiz Expands to the UK Empowering Altnets Market Growth

Calix | September 18, 2023

Calix, Inc. has announced the launch of Calix SmartBiz in the United Kingdom (UK). This recent development empowers alternative service providers (altnets) to expand their markets with a tailored managed service explicitly designed to cater to the unique requirements of the 5.5 million small and medium-sized enterprises (SMEs) operating within the UK. SmartBiz, on the Calix broadband platform, encompasses all the essential elements altnets need to foster SME growth within their communities. This includes managed Wi-Fi services (both indoor and outdoor), top-notch network security, business productivity applications, and high-speed internet access. Historically, altnets lacked access to a broadband solution designed explicitly for SMEs, leaving them with the choice of repurposing residential products or downsizing complex and costly enterprise-grade solutions to accommodate the SME market. The introduction of SmartBiz provides altnets with a turnkey solution that not only enables the creation of additional revenue streams but also facilitates the expansion of their subscriber base, empowering them to compete more effectively within the fiercely competitive broadband markets. SmartBiz comprises two main components: SmartBizWorx productivity software and the CommandWorx mobile app. CommandWorx is seamlessly integrated with the award-winning Calix Wi-Fi systems and Calix Support Cloud, allowing for self-service access to SmartBiz and its associated features. Small business owners can conveniently monitor and manage SmartBiz from any location using a user-friendly app tailored to their specific needs. Furthermore, a customizable customer Wi-Fi portal empowers business owners to offer secure and convenient internet access while enhancing brand loyalty. Eoin Heaney, VP of international at Calix, stated: SMEs underpin the UK economy. With an annual turnover of £1.4 trillion, they account for more than 30 percent of UK revenue and employ almost half the country's workforce. [Source: Business Wire] He also pointed out that small business owners face numerous challenges, including the search for suitable productivity solutions to support their growth. With SmartBiz, altnets can now offer SMEs the essential productivity capabilities they require, eliminating the need for dedicated IT staff or the typically associated hefty price tag. Furthermore, Heaney highlighted that SmartBiz represents an opportunity for altnets to expand their business or explore new markets. He expressed enthusiasm about collaborating with innovative altnets such as Connexin, who provide distinctive managed services that empower their SME customers to focus on their core competency, which is running their own businesses. SmartBiz also equips small business owners with: Dedicated Networks for Enhanced Productivity:With network access control, SmartBiz offers pre-configured, dedicated primary, staff, point-of-sale, and customer networks. This ensures that every user enjoys appropriate access to the network resources they require, significantly improving role efficiency and overall productivity. Robust Network-Level Security:To safeguard staff, customers, and critical business infrastructure from cyber threats, SmartBiz delivers robust security features alongside network-specific, customizable content restrictions. Network Resilience:Recognizing that network outages can prove catastrophic for SMEs, SmartBiz provides automatic cellular failover, ensuring that SMEs can continue their operations uninterrupted, maintaining productivity levels, and preventing potential losses, which can be as high as £20,000 per hour of downtime. About Calix Calix is a leading global provider of cloud and software platforms, systems, and services essential for the realization of the unified access network and intelligent premises of the future. With a forward-looking perspective, it empowers its customers to forge the networks of tomorrow by adopting a DevOps operating model, enabling them to optimize the subscriber experience through the strategic application of big data analytics. Furthermore, the company simplifies the intricacies of the smart home and business, converting them into lucrative avenues for generating new streams of revenue.

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