Tag Archive for 'Entrepreneurs'

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The Future of the Internet

The internet has been a great unifier of people, companies and online networks. Powerful forces are threatening to balkanise it.

The first internet boom, a decade and a half ago, resembled a religious movement. Omnipresent cyber-gurus, often framed by colourful PowerPoint presentations reminiscent of stained glass, prophesied a digital paradise in which not only would commerce be frictionless and growth exponential, but democracy would be direct and the nation-state would no longer exist.

The internet is too important for governments to ignore. They are increasingly finding ways to enforce their laws in the digital realm. The most prominent is China’s “great firewall”. The Chinese authorities are using the same technology that companies use to stop employees accessing particular websites and online services.

It should come as no surprise that the internet is being pulled apart on every level. “While technology can gravely wound governments, it rarely kills them,” Debora Spar, president of Barnard College at Columbia University, wrote several years ago in her book, “Ruling the Waves”. “This was all inevitable,” argues Chris Anderson, the editor of Wired, under the headline “The Web is Dead” in the September issue of the magazine. “A technology is invented, it spreads, a thousand flowers bloom, and then someone finds a way to own it, locking out others.”

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GE’s “Ecomagination Challenge”

Got a bright idea? How about an energy-saving one? GE announced today a $200 million “open innovation challenge” that invites inventors, entrepreneurs, and startups of all stripes to compete to develop the next-generation of power grid technologies.

Called the Ecomagination Challenge, this huge investment comes only weeks after GE announced a $10 billion injection into its own eco-R&D projects.Along with four VC firms that have pledged half of the $200 million to the challenge, GE is asking the public for innovative ideas in clean technology. From now until September 30, you can head to the Ecomagination homepage to submit a proposal or vote for other user-generated ideas.

GE explained earlier today that the $200 million investment could lead to acquisition or co-development opportunities, and even trademark and licensing deals. “This is wide-open,” said another investor in the challenge, who commented that the challenge should serve as a catalyst for novel ideas, regardless of who comes up with them, whether an individual or well-funded start-up [Source].

Best Young Tech Entrepreneurs 2010

Software upstarts such as Playdom, Posterous, and Foursquare capitalize on Web users’ desire to make social networks more useful and fun.

Bloomberg BusinessWeek’s have surveyed the tech sector to identify a fresh crop of the most promising technology startups and the young people, age 30 and under, who are steering them. Seven of the 13 startups on this year’s list are building Web and mobile-device software that extend the capabilities of social networks, including Facebook and Twitter.

It’s not surprising that many startups want to ride the coattails of popular social networks. The rapid ascent of traffic to social networking sites can draw lots of attention for startups that offer new tools or diversions to their members. “Facebook and Twitter have become platforms in the same way Microsoft’s Windows became a platform 20 years ago. The complete special report can be found here.

A Global Melting Pot of Ideas

Follow live coverage of the DLD in Munich, Germany, a gathering of 800 entrepreneurs, investors, philanthropists, scientists, artists and creative minds from around the world.

With global diversity in attendees and an interdisciplinary perspective of digital, media, design, art, science, brands, consumers and society, the conference is known as the European forum for the “creative class”. Follow live coverage here.

America’s Most Promising Startups

entering-startupWant to be the first to know what companies will be the next household name? BusinessWeek has started a section on its webpage that will keep track of promising start-ups that might see the limelight. Flip through the slide show for a look at all the profiles. You can also make a suggestion of a new company worth profiling and send it in to BusinessWeek.

Welcome to America’s Most Promising Startups, an ongoing series profiling new companies from across the country that embody the creativity and resiliency common among today’s entrepreneurs. Based on suggestions from our readers and staffers, we’ll be adding more profiles on a regular basis, so check back often. Our goal is to showcase promising companies before they become household names.

A Russian Odyssey: Early Day Investors

Hermitage_Bill_BrowderRussia’s default in 1997 and the stock market devalued rapidly. Browder (founder of Hermitage investment fund) lost, by his estimate, 90% of his money during this time that he had invested in Russia. More onerous, was the wholesale “stealing” by the Russian oligarchs.

Rather than put up with this, Browder met with company employees to hear first-hand about the scams that were going on within the companies. Watch the story yourself at the bottom of this post (7min). For a complete coverage of Browder’s speech at Standford GSB click here.

Browder started with $25 million in 1996, achieving almost tenfold gains in 18 months and then raised $1billion from new investors. At one stage the pot totalled $4 billion and Hermitage became Russia’s biggest foreign portfolio investor.

However, Mr Browder offended someone with great power – he insists that he still does not know who – and in November 2005 was refused re-entry into Russia. Since then Browder is one of the biggest enemies of the Russian state. [Source 1] [Source 2].

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After-party shoes

led-dance_floor

Last year I already blogged here about the sneaker vending machine. Two companies in England have taken the concept of the shoes vending machine and found a niche market targeting female clubgoers with after part-shoes. After you have danced the night away on your heals you can get a pair of portable flats before you’re heading home. Read more here.

Globalisation of entrepreneurship

Globalisation of entrepreneurshipThe globalisation of entrepreneurship is raising the competitive stakes for everyone, particularly in the rich world. Entrepreneurs can now come from almost anywhere, including once-closed economies such as India and China. And many of them can reach global markets from the day they open their doors, thanks to the falling cost of communications.

The world’s greatest producer of entrepreneurs continues to be America. The lights may have gone out on Wall Street, but Silicon Valley continues to burn bright. Entrepreneurship also flourishes in clusters. A third of American venture capital flows into two places, Silicon Valley and Boston, and two-thirds into just six places, New York, Los Angeles, San Diego and Austin as well as the Valley and Boston.

The information age is making it ever easier for ordinary people to start businesses and harder for incumbents to defend their territory. Back in 1960 the composition of the Fortune 500 was so stable that it took 20 years for a third of the constituent companies to change. Now it takes only four years. Source

The World’s Most Innovative Companies

Innovative CompaniesFast Company has published its yearly round-up of the world’s most innovative companies: The fast Company 50. Most notable is the number of new companies (in total 36) taking positions in the list. With team Obama surprisingly taking the top spot. While established companies like Google, Apple, Cisco, Intel, Amazon, GE, HP, Nokia are still taking a spot in the top 15.

Even in these tough times, surprising and extraordinary efforts are under way in businesses across the globe. From politics to technology, energy, and transportation; from marketing to retail, health care, and design, each company on the following pages illustrates the power and potential of innovative ideas and creative execution. These are the kinds of enterprises that will redefine our future and point the way to a better tomorrow. source

New Hope?

obamaShortly after midday on January 20th, Barack Obama will sit for the first time at the desk where the buck stops. The American presidency is always the world’s hardest and most consequential job, but it seems particularly so this month. A global recession of a severity not seen for perhaps 80 years; a new war in the Middle East and old ones in Africa; missions very far from accomplished in Iraq and Afghanistan; a prickly Russia and a rising China.

These international challenges must jostle for the president’s attention alongside noisy domestic concerns like rocketing unemployment, the desperate need for a better health-care system, exploding deficits and failing cities. The burdens, surely, are too many for one man to bear.