No Nonsense Commentary and Advice for Entrepreneurs

Quirky: An Invention Incubator

By on July 29, 2014 in Growing a Business
Quirky: An Invention Incubator

I can’t tell you how many creative people I’ve met who have said, “I want to have a business where all I do is come up new ideas and build them.” I guess that’s because a lot of the people I hang around with are scientists and engineers who prefer building products to building businesses. […]

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What Drives Entrepreneurs

By on July 26, 2014 in Starting a Business
What Drives Entrepreneurs

I read a recent article in the New Yorker magazine that explored what it is that drive entrepreneurs to start ventures despite the generally accepted fact that in just four years, only half of all startups are still open for business. Clearly, entrepreneurs are very well aware of this, but still they start new businesses […]

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Space-Scalable in the New Frontier

By on July 21, 2014 in Starting a Business
Space-Scalable in the New Frontier

If you’re a lover of all things space like I am, you might be interested in the upcoming Lightning Pitch 2014 sponsored by the NewSpace Business Plan Competition and the Space Frontier Foundation. This year they’re doing something between a fast pitch and a traditional business plan competition. It all takes place at the Space […]

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CYNK – A $6B Valuation and Nothing to Offer

By on July 14, 2014 in Business Smarts
CYNK – A $6B Valuation and Nothing to Offer

If you have been following the antics of CYNK Technology, you will be happy to learn that the SEC has finally suspended trading on the OTC penny stock that seemed to be manipulating the market with a social networking site, IntroBiz. The site was a barely functioning shell built on what looks like WordPress, with […]

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Facebook: When Is It OK to Manipulate People’s Behavior?

By on July 8, 2014 in Business Smarts
Facebook: When Is It OK to Manipulate People’s Behavior?

One of the big stories this past week was the discovery that Facebook’s Data Science team had conducted a psychological study of 700,000 users without their knowledge. It seems that users’ news feeds were manipulated to show either more positive or more negative posts in an effort to find out if these changes could influence […]

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Six Critical Moments When You Need to Pause

By on July 3, 2014 in Business Smarts
Six Critical Moments When You Need to Pause

Who can forget October 2010, when Netflix founder Reid Hastings was stunned by a third-quarter financial report indicating that the company had lost 800,000 subscribers and its stock had dropped by more than 30 percent. Customers were posting angry diatribes against Hastings who, without preamble, had decided to split Netflix into two services: DVD movie […]

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