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The Entrepreneur

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Entrepreneurship News Roundup: Week of 4/23/2010
Ruhe Thom
4/23/2010
Blog Resource
Summary:

Thinking of starting a business? Make sure to ask yourself these four important entrepreneur questions that will take your company from startup to innovation.

One important element for any new business venture is coming up with a name. But does having an original name really matter?...

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Angel Investors Close to Deal Removing Curbs From Finance Bill
Mullaney Tim
4/23/2010
Article Resource
Summary:

April 23 (Bloomberg) -- Lobbyists for startup investors say they are close to a deal with Senate staff and state regulators to remove curbs on angel investing from the Senate’s financial reform bill.

The possible compromise would require angel investors, who buy stakes in startups in private offerings, to have a net worth of $1 million, instead of $2.3 million as proposed by the Senate bill, said Marianne Hudson, executive director of the Angel Capital Association in Overland Park, Kansas. It would also scale back plans to let states regulate angel deals, she said.

“We’re close to amendments that are good for entrepreneurs,” said Hudson.

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Transitioning from Executive to Entrepreneur
Applegate Jane
4/22/2010
Article Resource
Summary:

Charles Henagan loved his new job as a vice-president of marketing at a major beverage company. His challenge was to reinvigorate a legendary brand of vodka and he embraced the adrenaline rush of travel, meetings and strategy sessions. Approaching 50, he was the oldest employee in his division, but made an effort to bond with younger colleagues over cocktails after work. Top management embraced his initiatives and he was feeling great about his work.

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So You Want To Be Your Own Boss
Redeye Royalty
4/22/2010
Article Resource
Summary:

Being a graduate finance student, sometimes it's a steep challenge to look outside the fish bowl and get an opportunity to see business outside the confined bounds of dollars, cents, and financial statements.  As part of the Association of Loyola Entrepreneurs, a student interest group, I decided to gain a broader perspective on starting my own business by inviting three Chicago entrepreneurs to address the future business leaders of Loyola University and give us a real world look at how they decided to take charge of their lives and became their own boss. 

David Zapata of Zapwater Communications launched his own public relations and marketing firm after being worn down from working for a boss he couldn't stand. Justin Jacobson of Platinum Events scraped his way through the nightclub scene, eventually acquiring a Bar Mitzvah company and turning it around into a successful event management company serving big corporate clients. Kyle McHugh's journey took him from pushing papers at Georgetown into his very own specialty wine and spirits shop in the heart of downtown Chicago. Together, they shared their insights from the trial and tribulations that come with starting their own business and passed on their unique blend of wisdom.

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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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The Ebb and Flow of Clean Tech and Entrepreneurs (Entire Talk) - Carlos Perea (Miox)
Perea Carlos
4/22/2010
VideoSeries Resource
Summary:

Twenty percent of the world's population do not have access to clean drinking water, says Miox CEO Carlos Perea. What's an entrepreneur to do? Ideally, find a way to clean and reuse the global water supply that's, "twice as good at half the cost" of conventional chlorine decontamination. In this lecture, Perea demonstrates his company's abilities and explains the benefits and challenges of being an entrepreneur in clean technology.

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Nature vs. Nurture in Entrepreneurship - Steve Blank, Mark Suster, Patrick Chung, Vivek Wadhwa (Panel Discussion)
Suster Mark Blank Steve
4/22/2010
VideoSeries Resource
Summary:

Can entrepreneurs be made? This question is incredibly important for aspiring entrepreneurs, investors, and educational organizations like BASES. For some, the answer is straightforward; if you inherently possess a certain set of qualities, then, at the very least, you have the potential to become a successful entrepreneur. Otherwise, you're out of luck. For others, there is a relatively distinct manner in which entrepreneurs can be developed, through both intentional circumstances and otherwise, such as family background and education.

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Use Social Media to Enable Innovation
OPENForum
4/21/2010
Article Resource
Summary:

Social media tools have many important business uses. One of the most powerful is the ability to foster innovation. With social media, businesses can tap into the needs, desires and opinions of a wide audience — and connect with a highly targeted group that is directly relevant to their businesses. These connections can be invaluable sources for new ideas and alternative ways of thinking.

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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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