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One of the questions I get asked the most is some version of "what do you think of crowdfunding?" I usually answer with some noncommittal answer about how it is going to be important, but no really knows how it will impact the trajectory and success of startup companies. After all, the notion of banding together through social media to fund the development of a prototype, documentary film or art project has been going on for many years now.
When one thinks of Mexico City, startup companies would not normally be at the top of anyone's mind. But, I had the chance to spend a few hours with some of the local entrepreneurial organizers there last week and was very impressed with what I saw.
Last night I had the privilege of watching the first ever Get in the Ring Competition in the United States. Though this competition is in its sixth year, this was the first year that the United States had participated. The process began in August with groups of judges sorting through about 300 applications from startups all across the country. After several rounds of judging, the final eight startups were invited to Kansas City to participate in the U.S. version of Get in the Ring, the American Startup Clash.
Can you guess where the follow startups were founded-- GameStop, Woot, Words with Friends, SOFTLAYER? Probably Silicon Valley, right? No. How about Boston? Wrong again. I'll give you a hint: it's the fourth largest media market in the country, home to 18 Fortune 500 companies and boasts two major airports, serving as headquarters for two major airlines. Sounds like a pretty good place to start a company, right? Dallas, and the surrounding area called the "Metroplex", sure thinks so and it wants you to start thinking so as well. On Tuesday, I had the opportunity to catch a glimpse of the emerging startup scene in Dallas. I was pleasantly surprised with what I found here.
Most people start their first company while they still have a day job. It makes sense: You don’t need loans. You don’t need funding. And if you “fail,” all you’ve lost is time.
But you’ve also placed yourself in a hazardous – potentially legally ambiguous – situation. If managed improperly, you’re unnecessarily risking lawsuits and worse.
Through university lectures and financial support, Maxine Clark is giving the next generation of entrepreneurs a leg up.
Joan and Stephen Carter's small company gives back to entrepreneurship in a big way through the Junior Achievement program.
When Frieda Caplan went into business for herself, she was the only woman in the produce industry. That gave her a national presence, but the real reason for her success was that her company filled an important niche. Now it's the leading distributor of specialty fruits and vegetables. Along the way, the founder learned some important lessons about financing. And she's still going to work every day-with her daughters.
Baby boomers are micromanagers, work hard, do not understand technology, are stubborn and want to destroy the planet. Millennials are lazy, entitled, tech savvy, want to save the world and don't know how to communicate in person. Although the generalizations of baby boomers and millennials vary, they do share one similar characteristic, they both share particular entrepreneurial characteristics. Millennials crave freedom and earning potential. Baby boomers have a desire to build something.
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