Posts Categorized: Business

Are You Too Smart to Win?

We’ve all wondered how that stupid idea we saw years ago became a multimillion or multibillion dollar idea. Or how a startup populated by people with seemingly no business sense jumped to popularity. Is the problem that the world is just full of stupid people or that life isn’t fair? According to a guest post,… Read more »

Are Virtual Currency Regulations Changing?

Yesterday,  the Financial Crimes Enforcement Network(FinCEN), a bureau of the US Department of the Treasury, issued “interpretive guidance to clarify the applicability of the regulations implementing the Bank Secrecy Act (“BSA”) to persons creating, obtaining, distributing, exchanging, accepting, or transmitting virtual currencies.” You can find the full text here. The fear about this guidance is… Read more »

The Beauty of Kickstarter

Kickstarter is very popular because of the tremendous success that it has achieved in helping companies to crowdfund their projects. As of March 17, 2013 they had raised $439 million for successful Kickstarter projects. Of the 90, 319 projects that had been launched on their site up to that date, 43.63% were successful.  While most… Read more »

Right Space, Right Time

The key to success is often being somewhere at just the right time. That takes a lot of luck, a lot of foresight or a little of both. In the case of Feedly, I think it was the latter.  According to Feedly’s blog, they picked up over 500,000 Google Reader users in 48 hours, due… Read more »

US Patents Now First to File

As I was reminded by Wired.com, the “Leahy-Smith America Invents Act” took effect today. Gone are the days of being able to invent something and relying on lab journals or other documentation as prior art.  If someone files a patent application on your invention before you, they get the patent, even if they weren’t the… Read more »

There’s No Third Chance

Some people say that there’s no second chance to make a first impression. According to a study commissioned by Compuware, when it comes to buggy apps, you might get a second chance, but it will also be your last chance. Period. In the study, they found that only 16% of people would try a buggy app… Read more »

Features First, Polish Later

ArsTechnica had an article today showing some early iPhone prototypes that illustrate a point that is important for first time entrepreneurs to remember. Your early attempts at designing your product should focus on function, not form. I’ve included one of the photos here to show how Apple approached this with the first iPhone. If you… Read more »

The Misconception About Benevolent Dictators

We constantly hear about the advantages of benevolent dictators in the business realm. We hear about how the Bill Gates’ and Steve Jobs’ of the world create great companies by making all the decisions and creating great products. That’s a load of garbage. People like Bill and Steve weren’t benevolent dictators. At least no more… Read more »

Transforming the Ordinary

People think that to make something exceptional, you have to start with something exceptional. I found a video by Nick Bertke that proves that isn’t the case. Nick was traveling across Australia and recording footage and audio all along the way. He took some unusual, but mostly ordinary sounds from his recordings and stitched together… Read more »

Suitcase Startup – Overwhelming

It’s time to check in with Chris Bradley of Publicate halfway through his Suitcase Startup quest. This installment was a whirlwind. The major feeling I got from it was that Chris is overwhelmed at the enormity of everything he needs to do to build his startup in a very short time. That issue is exacerbated… Read more »