NEW YORK ( TheStreet) -- What happened in small business this week?
1. Punky Brewster gets venture funds from Google. Soleil Moon Frye, best known for her role as the sprightly Punky Brewster back in the '80s, is starring in another role as co-founder and chief creative officer of Moonfrye , a social and do-it-yourself crafting startup geared to parents. Moonfrye (the venture) just got $2.5 million in funding led by GRP Partners with participation from Greycroft, Daher Capital and Google Ventures, according to TechCrunch.
Moon Frye has spent the past few years building an "impressive" online and social community through the site. She also launched an eco-friendly baby store in Los Angeles, designed a product line for Target (TGT) and wrote two parenting books, the article says.
Moonfrye the venture was started with former
(IACI) executive Kara Nortman. They plan to launch a mobile app "dedicated to inspiring creativity in families in a do-it-yourself experience,"
2. eBay bats against online sales tax measures. eBay (EBAY) weighed in over the debate over online sales tax collection this week. CEO John Donahoe began emailing users last Sunday telling them the Marketplace Fairness Act would burden small online merchants. The San Jose, Calif.-based online marketplace also took to Twitter to send its message out. One tweet said: one tweet saying: "Do you think #SmallBiz owners should be forced to act as tax collectors in all states? Neither do we." Another tweet said the online marketplace company believes businesses with fewer than 50 employees or less than $10 million in annual out-of-state sales should be exempt from the legislation, according to TheStreet.
The bill is supposed to level the playing field between online and bricks-and-mortar stores by requiring online retailers to collect sales tax (still small online retailers with less than $1 million in revenue would be exempt), but has been getting quite the pushback. The Senate was supposed to take up the bill for a vote this week, but so far it hasn't done so. PCWorld mentions that perhaps the vote will take place Friday or Saturday.
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