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After two consecutive months of increases (April and May), small business owner confidence dropped in June according to the National Federation of Independent Businesses. The latest Small Business Optimism Index shows a continued see-saw trend that remains mired between the depths of the recession in 2009 and the heights of the economic expansion of 2004-2005.
Federal Reserve Chairman Ben Bernanke makes a couple of appearances on Capitol Hill this week as he outlines monetary policy and the state of the U.S. economy. Meanwhile, the House Small Business Committee examines how the IRS selects, classifies and audits the tax returns of small businesses. Other hearings cover topics such as: clean energy financing, pooled retirement plans for small businesses, regulatory burdens and more.
At MedCity CONVERGE, a national, executive-level summit on healthcare innovation in Philadelphia last week, stakeholders from the business community, government, and health insurers provided a glimpse into new opportunities for life science and digital health entrepreneurs.
When we think about the startup life we're often occupied with visions of long days and late nights in the office and the all consuming passion that overtakes a life as someone takes a vision and turns it into reality. An entrepreneur certainly has many things that can easily engulf his or her life as they balance product creation, customer development, hiring, sales and financing, to name but a few. But what about the other side of the life equation? Entrepreneurs have families, friends, spouses, and partners who play an important role.
At MedCity CONVERGE, a national, executive-level summit on healthcare innovation in Philadelphia this week, eMed sat down with the Kauffman Foundation's Dominique Pahud to discuss access for entrepreneurs.
"If you truly believe in the potential of your company to change the world for the better, there’s no excuse for settling for an acquisition."
I was reading through this month's Inc. magazine earlier when this quote caught my eye. My first thought was to challenge the notion. There are specific occasions when an acquisition is exactly what a company needs to move forward or to move on. This is just how things work, but the bold words sparked my interest enough to turn the page. I flipped to Issie Lapowsky’s feature with Vimeo founder Jake Lodwick. Lodwick was fired a year and a half after selling Connected Ventures, the parent company of Vimeo and College Humor, to InterActive Corp, an Internet company that owns the likes of match.com, Urbanspoon, and dictionary.com. After the acquisition, he felt stripped of his creativity. Where innovation once dwelled, process was introduced. Lodwick was fired a week and a half before he planned to quit. This experience backs his words of advice to entrepreneurs who think an acquisition means nothing will change within the mission of an organization. Lodwick bitterly states that "in fact the mission was lost, and everything will change."
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.
The Kauffman Foundation's new multimedia channel, ID8 Nation, spotlights entrepreneurial communities throughout the country. The first featured city, Pittsburgh, transformed its economy through entrepreneurship and now hosts a number of diverse startups.
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