The buzz I've been hearing from everyone in the VC and startup community is that the uncertainty over the fate of Act 221 has frozen all investments in tech companies in Hawaii. That's because no one can responsibly estimate a proper investment amount or strategy without a clear sense of the tax implications. Eliminating Act 221 entirely would actually be better than leaving the matter in limbo any longer. I am not saying that saving or killing Act 221 is good one way or the other -- both sides of the argument have merits. But leaving it on life support is the worst of both worlds, a situation that robs promising startups of any chance at local capital and forces them to fundraise outside Hawaii -- a step that vastly increases the likelihood the company will be forced to leave Hawaii to keep seed investors happy. What do you folks think?