The new “Stay Private Longer” debt instrument that electronics maker Jawbone used for its recent round of financing shows that startups are no longer afraid of debt, writes Dan Primack. [Fortune]
A federal judge ruled that Manhattan strip club Rick’s Cabaret misclassified employees as independent contractors. The decision follows similar rulings in Kansas, Georgia, Washington D.C., and Minnesota. [Reuters]
Rainbow Loom founder Cheong Choon Ng is suing rival companies that he says are infringing on patents behind colorful rubber-band bracelets, which are a fad with kids, according to Sarah E. Needleman and Adam Janofsky. [Wall Street Journal]
HourlyNerd, which helps companies connect with business school students for part-time consulting work, raised $450,000 from Mark Cuban, writes William Alden. [New York Times]
One small business owner will win a free 30-second ad during the Super Bowl (video). [Fox Business]
See something we missed? Share the most compelling stories about small business and entrepreneurship by tagging them with #SmallBizReads on Twitter.