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While pundits, columnists, economists, and policy makers climb over mountains of financial data, looking for signs of recovery and politically convenient scapegoats upon which we can turn a distracting public focus of populist rage and class warfare, there is a quiet but steady vibration...
I was having a beer with a friend the other night when he mentioned a startup in our community that had recently announced a “pivot” in its business model. He said that it was now pursuing a different “value proposition” in an effort to “monetize its client base.” I nearly showered him with beer while admonishing him for being a bad cliché of Valley speak.
Part 1 of 2: Thom Ruhe speaks on entrepreneur/CPA/lawyer/author Lou Hutt's popular XM Radio show discussing various matters related to entrepreneurship, the Kauffman Foundation, the E=R Campaign and our current business/economic climate.
Part 2 of 2: Thom Ruhe speaks on entrepreneur/CPA/lawyer/author Lou Hutt's popular XM Radio show discussing various matters related to entrepreneurship, the Kauffman Foundation, the E=R Campaign and our current business/economic climate.
This summer the Kauffman Foundation released The Startup Act. The comprehensive proposal for new legislation is aimed at jump-starting our nation’s economy through more successful startups. The data supporting the purpose and contents of The Startup Act are compelling. But sometimes, a little visual helps too.
Depending upon your politics, the recent passing of the historic healthcare reform bill has you high-fiving friends and co-workers or preparing for Armageddon, as it will most certainly usher in a period pestilence, poverty, and perniciousness.
So whether you’re popping corks on some bubbly or stocking...
In perusing last week's headlines (and a few stragglers from the week prior), I realized I was drawn to numerous articles pertaining to entrepreneurial support beyond that in the United States. For those who don't know, my work at Kauffman allows me to travel a bit--about 100,000 miles a year to be exact.
Having had my home city represent the bottom of its fair share of "Worst" lists (Hey there, Cleveland!), I meet the ever-popular lists and rankings with a healthy dose of skepticism. All certainly are not created equal and all do not have the best of intentions.
Venture capital certainly has its place within the entrepreneurial ecosystem. Some of our nation's largest companies (and employers), like Apple, Google and FedEx, have secured this form of funding. But plenty of Kauffman Foundation research tells us that VC funding isn't as mainstream in startups as one would gather based on its common place in startup news. In fact, less than 20 percent of the fastest growing young companies ever take venture capital money.
Chasing an entrepreneurial dream can be an all-consuming effort. Particularly in those crucial early days of a startup, founders seem to eat, sleep and breathe their businesses. This naturally occurring tunnel vision has a purpose, of course, allowing entrepreneurs to give their business babies the time and attention they need to mature. But this heads-down mode is not without its drawbacks, one of which is neglecting to stay up on current events--particularly the happenings that can impact the entrepreneurs who are inadvertently paying no attention to them.
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