Riolo of KIS said he's pleased by Trump's appointment of professional wrestling magnate Linda McMahon to lead the Small Business Administration (SBA), saying she has the outsider perspective and business chops needed to "break some dishes."

Riolo hopes that McMahon and the Trump administration will address the contractual difficulties small businesses face when they are attempting to work with larger business, particularly in the public sector space

"We always feel like we're looking up to the mid-level and large government integrators for business," Riolo said. "The issue for us is 'how do they level that playing field?'"

Trump and the tech leaders are also expected to discuss repatriation, or the bringing back of cash held overseas by tech companies overseas. The companies want to return the America at a beneficial tax rate, and Trump has appeared favorably disposed to letting them do so.  

If such a deal is made, McDonald of Alvaka would like to see half of the tax on the repatriated cash set aside for research and development initiatives focused on creating jobs in America.

He would also like to see the Trump administration roll back overreaching environmental controls, aggressive classification of what constitutes full-time employment and the extreme penalties faced by small businesses that suffer a data breach. Taken together, McDonald said these regulations scare small businesses off from taking risks needed to grow their operations.

"I believe this meeting is a positive sign," McDonald said. "I believe the tech industry will be like 'let's just get on the train and go.'" 

Steve Burke contributed to this story