Friday, 19 November, 2010
Comparing the Beatles to a lean start-up. The band took the smart path in “reinventing pop music”, by first building up a following, then commencing to experiment and innovate.
Early successes like “Love Me Do”, “I Want to Hold Your Hand”, the Ed Sullivan Show performances, and their first few US tours created enough traction (both in terms of profits and listeners) to enable the later, groundbreaking work that would define their legacy. In 1966, or so, with a large and loyal following, happy record executives (VC’s, if you will), and significant learning under their belts (from the 1,400 live shows they performed between 1962 and 1966) they found themselves in a perfect position to try to reinvent pop music.
Beatles, innovation, music, startups
Friday, 27 August, 2010
Entrepreneurs are not always those aged 25 or under… in fact most startup founders are usually around 40 when they set up by themselves.
It turns out that many of the most common stereotypes about aging are dead wrong. Take the cliché of the youthful entrepreneur. As it turns out, the average founder of a high-tech startup isn’t a whiz-kid graduate, but a mature 40-year-old engineer or business type with a spouse and kids who simply got tired of working for others, says Duke University scholar Vivek Wadhwa, who studied 549 successful technology ventures.
age, entrepreneurs, innovation, innovators, startups
Wednesday, 13 January, 2010
I love this list of 20 things a non-coder can do – as work – in a tech startup. Barring about five items, this list makes for a pretty good facsimile of my job description.
Via Hacker News.
coders, job description, startups, work
Thursday, 5 November, 2009
It had to happen sooner or later, with the number of startups – and subsequently – entrepreneurs in circulation, it was only a matter of time before they began to assume celebrity status.
What’s warm, fuzzy and the perfect recession-era pitchman for everything from iPhones to laptops to credit cards? If you ask some of the country’s big advertisers, the answer would be: the entrepreneur. Trying to tap into the popular belief that entrepreneurs are somehow more authentic – and more innovative – than big corporations, a handful of the country’s highest-profile employers are tapping small businesses as spokesmodels.
celebrities, entrepreneurs, recession, startups
Wednesday, 4 November, 2009
While skill, motivation, and some money are essential for starting up any new business, the part that luck plays is often vastly underestimated, writes Paul Graham.
Actually the best model would be to say that the outcome is the product of skill, determination, and luck. No matter how much skill and determination you have, if you roll a zero for luck, the outcome is zero. These quotes about luck are not from founders whose startups failed. Founders who fail quickly tend to blame themselves. Founders who succeed quickly don’t usually realize how lucky they were. It’s the ones in the middle who see how important luck is.
companies, entrepreneurs, luck, skill, startups, work
Wednesday, 29 April, 2009
Watching TV becomes an expensive past time if you take the hourly rate of your present job and calculate it by your number of viewing hours.
To put it into perspective, if you watch an average of 31.5 hours of TV each week (which the average person in the US does) and you value your time at minimum wage of $5.85 an hour, you are spending nearly $800 a month ($798.53) to watch TV. That comes to nearly $10,000 ($9582.30) a year. I would imagine that most people reading this value their time well above minimum wage, so the cost is likely several times that number. When you look at it from that perspective, watching TV is an extremely expensive and financial draining habit to have.
While I’m stretching it to make two hours a week, it does put an interesting perspective on the amount of time spent watching TV.
cost, income, money, retirement, startups, TV, TV viewing
Friday, 24 April, 2009
Does working long hours mean you’re a success? I always thought working fewer hours was a way of saying you’ve made it…
It’s been a long time since there was a direct correlation with the number of hours you work and the success you enjoy. It’s an antiquated notion from the days of manual labour that has no bearing on the world today. When you’re building products or services, there’s a nonlinear connection between input and output. You can put in just a little and still get out a spectacular lot.
entrepreneur, life balance, productivity, psychology, startups, success
Monday, 20 April, 2009
Startups can save a fortune if the founders decide to setup both their residence and workplace in the same place.
Also in Boston are Dan Haubert, 25, and Tom Davis, 24, who moved in together to launch TicketStumbler.com, which aims to be the Expedia of sports and concert tickets. The “ugly dump,” says Haubert, lets them “live and run a business on a few thousand a month.”
cost cutting, costs, expenses, savings, startups
Tuesday, 14 April, 2009
Entrepreneurial types are giving rise to new breed of startup, LILOs, or “a little in, a lot out” (a very, very, new term by the way), which are all about spending the minimum of money but the investing of as much effort and hard work as is possible.
At no other time in recent history has it been easier or cheaper to start a new kind of company. Possibly a very profitable company. Let’s call these start-ups LILOs, for “a little in, a lot out.” These are Web-based businesses that cost almost nothing to get off the ground yet can turn into great moneymakers (if you work hard and are patient).
disassociated PLC may be one such example… watch this space (cheques from VCs more than welcome).
entrepreneurs, LILO, LILO entrepreneurs, startups, web-based businesses
Monday, 5 January, 2009
JPG Magazine closes it doors sometime later today. Despite JPG’s well known back story, still a sad day.
We’ve spent the last few months trying to make the business behind JPG sustain itself, and we’ve reached the end of the line. We all deeply believe in everything JPG represents, but just weren’t able to raise the money needed to keep JPG alive in these extraordinary economic times. We sought out buyers, spoke with numerous potential investors, and pitched several last-ditch creative efforts, all without success.
design, JPG, JPG magazine, photography, startups