It’s frustrating, and again lonely, when you accomplish something and noone really understands what you’ve done. With something like CommunityWalk it is particularly frustrating. So much of my time has gone into making it as simple and obvious as possible.
Technorati tags: startup, entrepreneurship
We invested a bunch of money in designing the devices, building out a team, creating partnerships with marketers, and then folded the business in late 2000 when it became clear that we could not get the cost down to a level that made sense for the business model.
Technorati tags: technology, vc, design, marketing
Most people are not natural gamblers, reveals a study of the game show Who Wants to be a Millionaire?. As a group, contestants would take home a lot more money if they took more risks.
Technorati tags: risk, gambling, odds, psychology
Jason Duncan (via Dan Marques):
The American interrupted, “I have an MBA from Harvard and I can help you! You should start by fishing longer every day. You can then sell the extra fish you catch. With the extra revenue, you can buy a bigger boat.”
And after that?” asked the Mexican.
Technorati tags: entrepreneuship, goals
“Once dominated by young, highly-driven, technology-oriented entrepreneurs, startup activity is quickly being taken over by individuals who, while still driven and tech-savvy, happen to be in their 50s, 60s and 70s.”
This quote is from an article in HispanicBusiness.com. The article, originally published in Franchising World, cites unpublished U.S. government figures which show the numbers of the self-employed over the age of 45 growing, with those 55 and older growing at the strongest pace.
Technorati tags: entrepreneurship, demographics
Creative think tanks and branding consultants charge thousands of dollars to invent identities for businesses. Those on a budget can concoct candidates for stardom by following these 19 steps.
U.S. Small Business Administration:
1: List your reasons for wanting to go into business. Some of the most common reasons for starting a business are:
- Self-management
- Financial independence
- Creative freedom
- Full use of personal skills and knowledge
Humans are not the only conformists in the animal kingdom. New research shows that chimpanzees also tend to imitate their peers, suggesting that the human penchant for follow-the-leader may be more deeply rooted than thought.
When someone says…
- Web 2.0 – take a drink
- Long Tail – finish your drink
- Open Source Stack – take a shot
- Monetizing – take a drink
- Productizing – take a drink
- Business Models (plural) – take a shot
- Ruby on Rails – everyone trade drinks
- Ajax/AJAX – pour out half your drink
There is a new kind of dotcom company that will emerge during Internet 2.0—this current and very distinct emerging phase of the Internet. I’m not sure what to call the new dotcom but I know what it is. It is a company that plays by the emerging new rules of the economy. New-rules companies will decimate established companies in many/most sectors but at varying rates.
Ken Dyck 