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Picnik's Jonathan Sposato helped orchestrate one of the Seattle tech community's highest profile M&amp;A deals of the year when he sold the online photo editing service to Google. The feat was even more impressive given that it marked the second time that the 43-year-old Internet entrepreneur had sold a company to the search giant. And Sposato did it all without taking a dime of venture capital.
So, how did he pull it off? Sposato offered his thoughts on bootstrapping as well as his tips for selling companies in a talk at Seattle Lunch 2.0 last Friday. We were there, taking notes and shooting video. Here are some of the highlights, including Sposato telling the crowd that he and co-founders Mike Harrington and Darrin Massena didn't take venture capital money because they were "greedy."
The new national jobless numbers came out Friday morning with the umemployment rate falling from 9.9 percent to 9.7 percent - thank, in large part, to the 2010 Census that hired 411,000 temporary workers.
If the American Jobs and Closing Tax Loopholes is passed there will be a lot of unhappy venture capitalists, who say they may stop investing in startups.
As what is known as one-to-one marketing takes hold, entrepreneurs must take the measure of customers as individuals and provide precisely what each customer craves--or risk extinction. The author advises consumer-oriented businesses to listen, probe, and touch, gathering information about each potential buyer, asking open-ended questions, and keeping in contact on a regular basis.
Fifty-three billion smackers. That's how much telecom tycoon Carlos Slim Helu, the wealthiest human on the planet, is worth by Forbes' latest exhaustive count. (Actually, the tally was $53.5 billion--when you're dealing in 10 digits, every decimal place counts.)
Those kinds of numbers can't help but make you think: What exactly does it take to amass that kind of wealth? More important, do you have it?
Some world-beaters start young. And they're thinking about more than lemonade stands.
In 1996 Apple celebrated its 20th anniversary, Mark Zuckerberg was in junior high and Jacob Cook--who owns a computer support company--was born.
No, your math is right: Cook is all of 13 years old.
Cook, who lives in Sacramento, Calif., has been an entrepreneur for three years. At age 10 he started buying books and other "low-end stuff" at garage sales and re-selling it on eBay. As he learned more about computers, he started creating video tutorials about fixing tech problems and broadcasting them on YouTube. After he was profiled in a local newspaper, people started contacting him with their own troubleshooting requests. Today he charges up to $30 an hour to help clients erase computer viruses and fix other problems.
Franchise Direct has released the first ever list of the Top 100 Global Franchises, which was compiled after analyzing thousands of franchises.
If you are considering using independent contractors or leased workers for your company, this article provides a detailed overview of the legal issues relevant to the employer, including IRS regulations and litigation.
Foreign markets enable entrepreneurs to increase revenue and expand markets, according to the author, who took her software company into Europe after only three years.
With the recent opening of Ottawa’s newest co-working space, the city might be seeing an emerging trend towards shared offices.
Currently, there are two co-working spaces: Freedom Café, which opened last month, and the Code Factory, which opened in May 2008.
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