Alex Goode
@alxgoode
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Co-Founder @ Palm š“ The business identity layer for 35M small businesses
California
Joined January 2012
Very excited to announce our investment in @kaaj_ai! Small businesses are the backbone of the U.S. economy, creating jobs and driving growth in every community. Yet access to credit remains broken for 33 million small businesses across the country. It's a well-documented
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SBA money flowing again...
Yesterday, on our first day of full operations post-shutdown, SBA approved a MASSIVE $500 million in small business loans. President Trumpās pro-growth economy has America's job creators lined up to take on new capital to hire, expand, and invest.
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Will be interesting to see how the startup formation market shifts; what was once a stronghold on all startup formations for Delaware may no longer. Other states are becoming attractive options to form your company (on paper).
Today @Coinbase is announcing our decision to leave Delaware and reincorporate in Texas. This decision was not made lightly, but weāll always do whatās best for our customers, our employees, and our shareholders. 1/6
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The NFIB found that 27% of small business owners mentioned labor quality as their single most important problem, up 9 points from September and the highest level since November 2021. The quality of labor supply ranked as the top issue facing small businesses.
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The latest U.S. Chamber report says 58%Ā of small businessesĀ nowĀ useĀ generative AI, up from 40% in 2024
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Interested to see how Pomelli progresses - Google's new Canva competitor that spun out of DeepMind. Pomelli is an AI marketing tool designed to help SMBs more easily generate on-brand social media content. Google has great distribution to SMB's via Google Business Profiles,
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If you have a ābusinessā cofounder who is non-technical, youāre likely in trouble.
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The question of which co-founder is the ātechnicalā one and which is the ābusinessā one is always funny to me
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There's a new bipartisan bill that was introduced this week to help small businesses use AI. The AI for Mainstreet Act is intended to expand access to AI support nationwide. It would direct SBDCs to provide information, guidance, and training to small businesses on the use of
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The @NFIB just released their most recent small business economic report. Pricing pressure from inflation, labor availability & quality, and supply chain disruptions continue to be the leading issues facing American small businesses today. Although uncertainty is high, small
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For those of you heading to @money2020 this year, let's connect! If you're building fintech or AI products in the small business ecosystem, we especially need to meet š“ #money2020USA
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Yikes. @TransUnion just announced business fraud is quickly rising, costing businesses nearly 8% of their annual revenue. They reported a staggering 46% increase in fraud since last year. Of this, over half was related to business identity fraud: -20% was synthetic business
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Square is now enabling merchants to accept Bitcoin payments. Many small business owners today are unclear on how to accept Bitcoin or connect their business to the Bitcoin economy. @Square now changes that. Merchants can choose whether to keep the payments as Bitcoin or
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apparently the bubble in people searching for āAI bubbleā has burst
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š what a time to be an entrepreneur never been more tools at your disposal to build + create
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Just brutal for small businesses trying to access capital right now. Typically 300+ businesses would tap into $170M in SBA capital each and every day. During the shutdown that drops to 0
This week, I announced that SBA delivered $45 billion in federally-backed loans for small businesses in FY25 - the most ever approved by the agency. These loans are zero-subsidy, meaning they come at no cost to taxpayers. Every day the shutdown continues, and our lending
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