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The Entrepreneur

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His Name is Earl
Ruhe Thom
4/22/2010
Blog Resource
Summary:

As readers of e360 may know, I travel a bit – about 100,000 miles a year to be specific. In traveling this much, I have learned the survival skill of going on what I call “autopilot” mode. I can do the flight check-in, security screening,...

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VCs Invest in Fewer Startups
Cook Jon
4/21/2010
Article Resource
Summary:

So far this year both the number and size of deals by venture capitalists are down over the final quarter of 2009.

A total of 681 deals for $4.7 billion were completed by VCs in the first quarter of 2010, according to a MoneyTree Report released by the National Venture Capital Association and PricewaterhouseCoopers. That dollar amount is down about 10 percent over Q4 2009, but up nearly 40 percent over the same period last year.

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Yahoo! Invests $500k in Egyptian Innovation Campaign
Menon Vineetha
4/21/2010
Article Resource
Summary:

Yahoo! and Egypt-based NGO Nahdet El Mahrousa have launched a campaign called ‘Social Innovation Starts with YOU' that hopes to inspire and motivate young Egyptians to be social entrepreneurs.

The campaign is in line with the U.S. Presidential Summit on Entrepreneurship that will take place on April 26 - 27, 2010 in Washington D.C., where Yahoo! co-founder Jerry Yang will deliver a keynote speech on how the Internet can positively transform lives, societies, and economies in Arab communities.

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Out of the Loop in Silicon Valley
The New York Times
4/19/2010
Article Resource
Summary:

Candace Fleming’s résumé boasts a double major in industrial engineering and English from Stanford, an M.B.A. from Harvard, a management position at Hewlett-Packard and experience as president of a small software company.

But when she was raising money for Crimson Hexagon, a start-up company she co-founded in 2007, she recalls one venture capitalist telling her that it didn’t matter that she didn’t have business cards, because all they would say was “Mom.”

Another potential backer, reports Claire Cain Miller in The New York Times, invited her for a weekend yachting excursion by showing her a picture of himself on the boat — without clothes. When a third financier discovered that her husband was also a biking enthusiast, she says, he spent more time asking if riding affected her husband’s reproductive capabilities than he did focusing on her business plan. Ultimately, none of the 30 venture firms she pitched financed her company. She finally raised $1.8 million in March 2008 from angel investors including Golden Seeds, a fund that emphasizes investing in start-ups led by women.

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Entrepreneurship News Roundup: Week of 4/16/2010
Ruhe Thom
4/16/2010
Blog Resource
Summary:

In SoHo this week, first-time entrepreneurs figured out how to pitch investors their startup ideas, all within 15 seconds.

The global competition regarding innovation and the future of business is about to change.  Emerging countries are starting to lead global innovation that will turn the...

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Are Entrepreneurs Really Predators?
Schoeniger Gary
4/15/2010
Blog Resource
Summary:

As entrepreneurship has emerged as a global phenomenon, it is apparent that many popular entrepreneur myths remain. Among them, none is perhaps more common (and potentially devastating) than that of the entrepreneur as a bold risk taker, the flamboyant gambler who bets it all and...

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Four Questions to Ask Yourself Before Starting A Business
Johnson Emma
4/12/2010
Article Resource
Summary:

Not so fast, Martha Stewart.

OK, you're special. You are talented and one of the best at what you do. But that doesn't mean that you're equipped to run your own business--even one within a field or industry you've been working in or following for years.

To wit: 627,200 new businesses opened in the U.S. in 2008--the same year 595,600 businesses shuttered and 43,546 filed for bankruptcy, according to the U.S. Small Business Administration (SBA). Likewise, 30% of small businesses fail within the first two years and half close shop within five years, according to the SBA.

The fact of the matter is that far too many people launch their own companies for all the wrong reasons and without the tools it takes to succeed. Before handing in your notice and signing a lease on an office, it's imperative you take a hard look at yourself in the salaried eye and ask yourself a few critical questions that could mean the difference between a fulfilling life as your own boss and speed-dialing a bankruptcy lawyer.

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Entrepreneurship News Roundup: Week of 4/9/2010
Ruhe Thom
4/9/2010
Blog Resource
Summary:

Babson College in Massachusetts is taking an innovative approach in bringing the entrepreneurial spirit into the classroom.

You don’t always need to be born rich to make your life a success story. Take a look at 20 billionaires who made it big through hard work,...

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Entrepreneurship: What's in a Name?
Stangler Dane
4/7/2010
Article Resource
Summary:

Who is the real entrepreneur? What does it mean to be self-employed?  Dane Stangler examines this question and what it means to be an entrepreneur during these tumultuous economic times.

At the University of Miami a few weeks ago, I had the opportunity to attend an entrepreneurship class with roughly 40 students. Most of them were juniors and seniors, joined by a small number of law students. The course had so far covered the theoretical literature on entrepreneurship, but on this particular day all the students wanted to talk about was their own futures.

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The Billionaires Who Made Themselves and Their Nations
4/7/2010
Article Resource
Summary:

Some people are born rich, but it is the self-made billionaires who inspire people more than anybody else. While most entrepreneurs won’t end up in the 10-digit club, there are lessons to be taken from these elites.

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