Earlier today the news leaked that Twitter raised $100 million in funding at an eye-popping valuation of $1 billion. That’s a pretty significant investment in spite of the hefty price tag for a dot-com with soaring traffic but minimal revenue, and a significant increase over the $250 million valuation in its February financing round.
No doubt [...]

Sports can often serve as a useful analogy for entrepreneurship. Both are high risk, high return fields where you can win, but losing is always a possibility, as well. Your success or failure is going to be played out in front of a curious public. Building a good team and a system is critical for [...]

Gallup reports a 10 year high in the number of Americans (57%) who say the government is engaging in affairs better left to the private sector. The prior high of 60% was set in 1995, during the first term of the Clinton administration. Additionally, on the question of governmental regulation of business and industry, a [...]

Benjamin Kuo at socalTECH.com observes with irony that the long-standing Silicon Valley criticism of Southland startups as too money focused and not visionary enough ran aground at TechCrunch50 earlier this week. The Bay Area startups at the conference were described as modest, whereas the only startup “swinging for the fences” was L.A.-based CitySourced.
While I wouldn’t [...]

Economics and entrepreneurship go hand-in-hand. While I’d wager that most people starting companies spend little time thinking about economic theory, their daily reality is an exercise in unleashing what Joseph Schumpeter called the gales of “creative destruction.” Entrepreneurs usher in change and innovation, which are the driving forces of economic growth and job creation. Given [...]