This Silicon Valley startup is feeling the pain of the shutdown

For some Silicon Valley entrepreneurs, the federal government shutdown has mostly been a theoretical issue. But for others like Tara Lemmey, the shutdown has become a serious problem.

She's the CEO of Net Power and Light, a startup that created the iOS video chat app Spin, which was released Oct. 1, 2013. That’s a problem, because an antiquated regulatory regime classifies cryptographic software as a munition and requires approval from federal regulators before it can be exported abroad. Lemmey says the government shutdown means the company can't get its application approved, which means it can't legally offer its product outside the United States.