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When considering the optimal number of founders for any new entrepreneurial adventure, the calculus extends well beyond simple formulas seemingly supported by observations of startup cohorts within specific industries. Famous technology twosomes that come to mind include David Packard and William Hewlett of Hewlett-Packard, Steve Jobs and Steve Wozniak of Apple, Paul Allen and Bill Gates of Microsoft, Larry Page and Sergey Brin of Google. In these examples, it is widely observed that these buddy teams complemented each other well in the early formative years of their companies.
In the past, Dr. Amy Baxter was able to practice emergency medicine while developing a new medical device that deadens the pain from injections. But working on her startup during the day and picking up night shifts at the hospital could only go on for so long.
Each day, Innovation Daily checks the pulse of global innovation--courtesy of Innovation America. Here, we take a look at a handful of relevant stories it compiled last week.
According to the latest MoneyTree report from PwC and the National Venture Capital Association, the number of deals and dollars are up from earlier in the year. Venture capitalists invested $6.7 billion in 913 deals in Q2 2013—an increase of 12 percent in terms of dollars and 2 percent in the total number of deals. However, both are the lowest totals for the same quarter since the global financial crisis wreaked havoc in 2009.
It has been almost two years since Dell announced its own entrepreneur-in-residence program and now it is trying to convince state and federal agencies that it would be a good idea for them to do the same.
Earlier this month, the U.S. Department of the Treasury delayed a key provision of Affordable Care Act (ACA)—the requirement that companies with more than 50 employees extend health insurance to their full-time staff. Then, the House of Representatives passed a bill extending the same relief to individuals, who under the law would start facing tax penalties if they go without health insurance next year. It prompted me to take a fresh look at progress overall.
This is the last week before Congress breaks for the traditional August recess—when they will likely prepare for a looming September spending showdown. In the meantime, there are several hearings of interest—covering technology innovation, health care reform, employment figures, tax reform, patent reform and brain research.
Would you rather buy the new Apple product or save that money in an interest bearing account? When is the right time for a person to start saving? I was lucky enough to have great parents that instilled the importance of saving in my brain. But I also had a different "saving gene" than my three older sisters who tended to and still do spend more than me.
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