Welcome to the era of business model proliferation.
Our obsession with scalability is getting in the way of unleashing the potential of the 21st century. We are so fixated with scalability we have taken our eye off of delivering value at every scale including the most important scale of one. The Industrial Era did that to us. Reaching the mass market takes precedence over delivering value to each customer. New customer acquisition trumps delivering value to existing customers. It’s not only business that is obsessed with scale
In a competitive job market it’s tempting to want to make yourself stand out.
And since we are such a visually driven culture (studies show that you can convey more information faster with pictures than you can with words), it's not surprising that some job seekers are considering turning their resumes into infographics.
How many times have you heard startups are hard and companies fail? You know the drill. Think about it: If angel investors were actually buying your company, they would be much more interested in its outcome. But they aren’t.
Oct. 29 (Bloomberg) -- Joanne Wilson, chief executive officer at Gotham Gal Ventures, talks about her approach to receiving a pitch for venture capital and Mark Zuckerberg’s spending plan to spur growth at Facebook. She speaks on “Bloomberg Surveillance.”
Crowdfunding is giving a whole generation of startup entrepreneurs a new way to fund their dreams. While that’s good for entrepreneurs, it means the investors whose business it is to profit off of fledgling startups will have to work harder to woo top-notch entrepreneurs.
My colleague and friend Jeb Spencer recently wrote a piece for Xconomy about angel investors looking for “Unicorns,” those rare early stage companies with valuations—justified or not—of $1 billion or more. He wondered if angels are flying too close to the sun by misunderstanding their chances of success and failing to do their homework on deals—and perhaps pumping up company valuations in future rounds.
In Mike Judge’s excellent comedy series “Silicon Valley”, the much clichéd mission statement of start-ups claiming “to make the world a better place” is mocked to full effect. In one episode, a handful of start-ups line up to pitch to a panel of investors. They all conclude their presentations with the same lofty ambition, pledging to do their bit for the world.
Image: Some of the “crazy ones” highlighted in Apple’s Think Different campaign. willsisti/Flickr
"The difference between a budding entrepreneur who merely shows promise and one who is already enjoying some success often comes down to mentoring. Good advice can be just as crucial as funding in the early stages of an enterprise," argues Richard Branson in a recent entrepreneur.com blog.
"The need for a mentor is obvious, yet seeking one out can be quite difficult and daunting. How do you find the right person?"
The renewal of manufacturing is not an abstract economic issue: It is very much an urban issue. American manufacturing, for instance, rose in cities, and those cities grew around industries from automakers to steelmakers to textiles. Today, with innovation-based manufacturers helping to spur a revival in the sector, the geography of manufacturing is again at stake: Can new manufacturing fit in with the ongoing evolution of cities, and if so, how?
Image: Free Digital Photos
Desperate times call for desperate measures. The Rust Belt, a region familiar to the air of anxiety, knows this all too well, particularly the “desperate measures” part.
A case in point: During the 1990’s, Pittsburgh, like many of its Rust Belt peers, was in the midst of a fit of brain drain hysteria. Strategic policy was needed. So the powers that be thought of a marketing campaign meant to saturate the minds of the educated “young and the restless” who were thinking about exiting the Steel City.
As Penn prepares for the ceremonial groundbreaking of the Pennovation Center on Friday, Drexel University’s Innovation Neighborhood is still searching for a master developer.
Both universities are pushing to become incubators of commercial enterprise and educational advancement. Since purchasing a 23-acre site on Grays Ferry Avenue in 2010, Penn has been working to develop the Pennovation Center — a three-story, 52,000-square-foot complex that will serve as a hub for research and business ventures. In addition to the ceremonial groundbreaking on Friday, Penn President Amy Gutmann will host a series of “Pennovation Talks” at the South Bank campus.
In today’s fast moving world of business startups, learning trumps knowing every time. What established businesses know through experience keeps them from looking for the new and innovative ways to do what they do better, cheaper, and faster. I’m convinced that’s why most mature companies are slowing down or buying their innovation through acquisition, rather than building it.
China needs to develop a "comprehensive innovation ecosystem", said a venture capitalist speaking at a gathering of Chinese business executives and VCs in San Francisco on Tuesday. "Silicon Valley creates a great ecosystem and comprehensive support for high-tech companies to grow,"said Benjamin Sun of AngelVest, a firm with offices in California and China that invests in several Chinese companies."That is what we need to learn from Silicon Valley."
Image: Jim Wunderman, CEO of the Bay Area Council, introduces the basic information about California to the Chinese delegation of 15 senior executives of Chinese companies and venture capitalists during a roundtable event at the office of Nixon Peabody LLP in San Francisco on Tuesday. LianZi / China Daily
For a business owner, it's complicated enough to stay on top of employment laws when your staff is in one place. However, legal regulations from the federal, state and municipal levels can often differ from one another, causing issues for multi-state employers. Discrepancies include wages, benefits, discrimination, background checks, medical leave, paid sick leave –- the list goes on. If your headquarters are in one state with satellite offices in another — or if you have employees that work remotely in other states — how can you address compliance for these contradictory laws?
According to a study from Cornell University, charts make you more persuasive — even when the charts themselves are meaningless.
Researchers Aner Tal and Brian Wansink presented the study participants with a description of a medicine. Half the group were also shown accompanying graphs and charts, that added no new information to the description.
The group that was shown the charts, found the information more persuasive than the control group, even though the graphs and charts added no new information.
Several years ago, I worked with an analyst on several projects. He was a friend of a friend, and a capable interviewer and researcher. He was charismatic and intelligent. He ran his own company. I liked and trusted him.
But after a few months of working together, I started seeing red flags. Subcontractors were calling me to find out why he hadn’t paid them. He had become defensive and secretive and seemed to be controlling communications between me and his clients.
At any moment in a given day, we have push notifications, text messages, email alerts, phone calls, tweets, and even real humans vying for our attention. Not only are we busy in the present, but also our minds are often consumed with the future and all of the decisions we have to make.
Image: Free Digital Photos
In the retail loyalty game, the buy-10, get-one-free punch card has come and gone.
Businesses need a better alternative, so Max Bailey and Myron Gomes founded Ottawa-based Spoonity Inc., which provides retail stores and restaurants with online-based loyalty and incentive programs.
The manner of taxation of income of venture capital funds (VCFs) and their investors in respect of income from such funds has been an issue under litigation for the past few years. The problem was triggered by replacement of a complete pass-through of fund income (taxed directly in the hands of investors instead of being taxed as income of the VCF) by a partial pass-through in 2008, and modification in 2013. The issue has primarily revolved around the taxability of the income, which is not covered by the express pass-through provisions. Is such income taxable as income of the VCF or as that of the investors?
Image: Free Digital Photos
Today I’ve got a Mixergy fan who had an idea that investors rejected because it was too much like vanilla. They said it was just too plain.
But now he has grown it to over 3,000,000 users and has a great process for teaching those three million users. I invited him here to talk about how he did it.