Contracting for LGBT-Owned Business, That First Hire, New Illegal Drug Marketplace: June 27

Contracting for LGBT-Owned Business, That First Hire, New Illegal Drug Marketplace: June 27
A daily roundup of the most compelling stories about small business and entrepreneurship (Illustration by Andr?? da Loba)
Illustration by André da Loba

In the wake of the Supreme Court’s gay marriage ruling, Jeremy Quittner reports on efforts to make gay-owned small businesses eligible for federal contracting programs. [Inc.]

Snapchat’s co-founders cashed out $10 million each as part of the company’s recent round of venture capital financing. Dan Primack writes that too much founder liquidity misaligns interests. [Fortune]

Workers at a Chinese factory are holding an American chief executive hostage amid labor negotiations. The CEO, Michael Starnes of Specialty Medical Supply, said the dispute would be resolved soon (video). [Bloomberg News]

Tiny Factory founder Michael Sacca writes that hiring his first startup employee was like having sex for the first time. [Medium]

Adrianne Jeffries reports on an online marketplace for illegal drugs that’s making a big advertising push. [The Verge]

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