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	<title>rlucas.net: The Next Generation &#187; portland</title>
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	<description>...fighting entropy one financing round at a time</description>
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		<title>Newest source of entrepreneurial financing: the dole</title>
		<link>http://blog.rlucas.net/tech_and_market_reflections/newest-source-of-entrepreneurial-financing-the-dole/</link>
		<comments>http://blog.rlucas.net/tech_and_market_reflections/newest-source-of-entrepreneurial-financing-the-dole/#comments</comments>
		<pubDate>Wed, 24 Jun 2009 01:13:29 +0000</pubDate>
		<dc:creator>rlucas</dc:creator>
				<category><![CDATA[tech_and_market_reflections]]></category>
		<category><![CDATA[dole]]></category>
		<category><![CDATA[financing]]></category>
		<category><![CDATA[portland]]></category>
		<category><![CDATA[startup]]></category>
		<category><![CDATA[unemployment]]></category>
		<category><![CDATA[vc]]></category>

		<guid isPermaLink="false">http://blog.rlucas.net/?p=355</guid>
		<description><![CDATA[From the VC grapevine comes word of a new innovation in startup funding in Portland (and elsewhere), Oregon: the unemployment department From http://www.oregon.gov/EMPLOY/UI/ui_special_programs.shtml#Self_Employment_Assistance__SEA_ The Oregon Self Employment Assistance (SEA) Program helps eligible unemployed workers set up a business on a full time basis and still receive full unemployment benefits.  &#8230; To qualify for the SEA [...]]]></description>
			<content:encoded><![CDATA[<p>From the VC grapevine comes word of a new innovation in startup funding in Portland (and elsewhere), Oregon: the unemployment department</p>
<p>From <a href="http://www.oregon.gov/EMPLOY/UI/ui_special_programs.shtml#Self_Employment_Assistance__SEA_">http://www.oregon.gov/EMPLOY/UI/ui_special_programs.shtml#Self_Employment_Assistance__SEA_</a></p>
<blockquote><p>The Oregon Self Employment Assistance (SEA) Program <strong>helps eligible unemployed workers set up a business </strong>on a full time basis and still receive full unemployment benefits.  &#8230;<br />
To qualify for the SEA program, you must:</p></blockquote>
<blockquote>
<ul type="disc">
<li>&#8230;</li>
<li>have a viable business idea,</li>
<li>be willing to work full time in developing the business, and</li>
<li>have or be able to obtain the financial backing needed to start and sustain the business until it becomes self-supporting.</li>
</ul>
</blockquote>
<p>Kind of cool.  Normally, I&#8217;d understand that there&#8217;s a hazard here (given that I am an investor in several Oregon companies that all pay unemployment insurance premiums, which could be raised if this gets exploited).  But unfortunately, I paid enough premiums immorally required on myself (which payments I could never collect, because I was the entrepreneur and would have been ineligible had I quit) during my Oregon years that I feel a bit justified here.</p>
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