Startup Trends

 

The Black Swan for Entrepreneurs

Last week I read The Black Swan: The Impact of the Highly Improbable by Nassim Nicholas Taleb. If you are starting a high potential venture or are investing in one, this book has a lot of useful information. The main thesis of the book is that prediction is very difficult and the statistical…

 

 

The Myth of the 4-Hour Workweek

The 4-Hour Workweek by Tim Ferriss is the book that all the “make money online” entrepreneurs seem to be reading and talking about. After the umpteenth person told me about it I finally sat down and read it. I found it motivating and useful. It has many good tips about time management…

Same Sex Marriage and Venture Capital

I heard on the radio the other day that California became only the second state (after Massachusetts) to permit same sex marriage. And that got me thinking about bad entrepreneurship research. While it might be strange that my mind goes from same sex marriage to entrepreneurship research (and I…

Downsized Into Entrepreneurship, the 21st Century Way

What’s the answer to being downsized? According to some, the answer is “start a business.” In a recent survey by RingCentral, twenty-two (22%) of small business owners said they started a business after being downsized. One of RingCentral’s customers, Chad Whitermore,…

Gazelle Firms

The Office of Advocacy of the U.S. Small Business Administration just released a study by Zoltan Acs of George Mason University and his colleagues. The study examined “high impact” companies – companies that “had sales of which have at least doubled over the most recent…

Zero Capital Gains on Start-ups – A Not So Good Idea

According to today’s Wall Street Journal (June 17, 2008), Barack Obama “proposes eliminating capital gains taxes on start-up companies ….” While the Journal points out the obvious problem with this policy idea – that the tax lawyers will have every company in America…

The Mall Bathroom Test to Identify Entrepreneurs

I’m often asked to list the characteristics that can be used to identify entrepreneurs from the rest of the population. Many people have a belief that entrepreneurs are very different from the rest of us. They are thought to be more passionate, creative, innovative, risk taking, driven,…

Start Your Business in a Favorable Industry That You Know Well

Last week, when I wrote a post about differences in failure rates across industries, Joe commented, “Good point about selecting an industry with high survival rates for a startup . . . but does not an entrepreneur have to stick to the industry he or she knows? Perhaps the information is…

Start-up Failure Rates Vary — Choosing the Right Industry Matters

I’m following up my posting of a few weeks ago on new business failure rates where I said that there are considerable differences across industry sectors in business failure rates. Below is Figure 7.1 (p.113) from my book Illusions of Entrepreneurship: The Costly Myths that Entrepreneurs,…

Grants for Moms Who are Inventors

What do Stephanie Kwolek, Alice Parker and Beth House have in common? They are just a handful of the hundreds of women inventors who have succeeded in making our lives easier. Stephanie Kwolke invented a material 5 times stronger than steel called Kevlar which is used in bullet-proof…

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