venture capital

Washington state’s venture capital activity dropped a lot in the first quarter. But it may be too early to worry about the health of the startup community.

Washington usually ranks among the top five markets for venture capital funding – this time the state fell to number 10.

OLYMPIA, Wash. – Gun control advocates in Washington are banding together to turn up the heat on state lawmakers. In the coming days, they plan to announce the formation of a new grassroots lobbying coalition. Their first target is passage of universal background check legislation.

The Washington Alliance for Gun Responsibility has seed money from Seattle venture capitalist Nick Hanauer. Other founders are Seattle city councilwoman Sally Bagshaw, former council member Tina Podlodowski and Seattle writer and activist Eric Liu.

Image courtesy of voipnovatos.es

Microsoft's biggest acquisition ever might have people in the region worrying about layoffs. Often when companies merge, redundant workers get pink slips.

But it sounds like employees of the Redmond tech giant don't have much cause for concern with Microsoft's $8.5-billion purchase of Skype.

AP

Howard Schultz announced his investment in the enormously popular consumer-discount site Groupon Thursday. At the same time, Groupon confirmed the Starbucks CEO's election to its board

TechFlash's John Cook reports Schultz' investment "is not connected to Starbucks":

...but having the leader of the world's leading specialty coffee retailer on the board certainly will add some interesting possibilities. Starbucks has been expanding its digital footprint aggressively in recent months, adding features such as mobile payments and free in-store wi-fi.