Author: Saran Kaba Jones , Social Entrepreneur, FACE Africa. Saran Kaba Jones is a clean water advocate and social entrepreneur from Liberia Republished with permission from Knowledge@Wharton, the online research and business analysis journal of the Wharton School of the University of Pennsylvania.
Chinese entrepreneurs are following in the footsteps of major tech companies. Google invested $542 million into a company called Magic Leap. Facebook purchased Oculus Rift for $2 billion. Augmented and virtual reality technologies could produce $150 billion in revenue by 2020.And Chinese entrepreneurs in California's Silicon Valley want a piece of that valuable virtual pie.
Author: Saran Kaba Jones , Social Entrepreneur, FACE Africa. Saran Kaba Jones is a clean water advocate and social entrepreneur from Liberia Republished with permission from Knowledge@Wharton, the online research and business analysis journal of the Wharton School of the University of Pennsylvania.
I frequently get asked the question whether I consider myself a Sales Guy or a Marketing Guy?It's a difficult question for me to answer without a bit of background. A History LessonMy first job out of college was an Account Executive for a b2b long distance company. Yes, kids, businesses used to have to pay for long-distance phone calls, and it was a lucrative business.Young, hungry and naive I was sent out with my pitch book, a box of business cards and a suit from the Men's Wharehouse. My sales manager Duffy (yes that was his real name) would kick me out of the office by 9AM and I was expec
Christopher Michel (Twitter: @chrismichel) is a writer, explorer, investor and a serial entrepreneur who has has started and also invested in a number of companies.
Steve Blank is known for informing entrepreneurs that, “The safest bet about your new business is that you’re wrong.” He contends, “A startup is not about executing a series of knowns.
My mother works in sales at a major department store. She has worked in retail for over 25 years - she enjoys it and helps provide an income for our family. She is a saleswoman, and an excellent on...
These 10 Student-Founded Startups Are the Most Valuable of All Time Get inspired by crazy successful entrepreneurs who launched their empires while they were still students. Founder and CTO, WordStream@larrykim It's not uncommon for an entrepreneur to have many failed businesses in their past by the time they find their stride. Colonel Sanders, the founder of fast food giant KFC, didn't get his start until he was already in retirement! In fact, his first social security check became part of his startup funding. Even so, there are those at the opposite end of the spectrum: people with such natural business acumen and talent, they experienced success early in life. In the case of these entrepreneurs, very early--while they were still students! This infographic lists the top 10 most valuable startups founded by students, including the year each was founded, the total value of the enterprise, revenue and market cap. Topping the list, of course, is a little company called Microsoft, founded by Bill Gates and Paul Allen in 1975 while they were still students at Harvard University. Gates actually dropped out to pursue his dream. With a total enterprise value of over $281 billion, the technology brand took in over $93.58 billion in revenue for its 2015 fiscal year and, after a period of downsizing, employed over 117,000 people. Although he's no longer the largest shareholder in the company he founded, Bill Gates is one of the wealthiest men on the planet, known for his philanthropy. Oh, and he did receive his degree--32 years after leaving Harvard, he was awarded an honorary degree. One thing you're going to find interesting (although maybe not surprising) are the number of technology companies on this list! The students who have created the most valuable companies have done so almost exclusively in tech. Matt Mullenweg, for example, was a student at Houston University when he created WordPress. And I'm sure you've heard of Sergey Brin and Larry Page...but did you know the search engine that would become Google was born of their musings while studying together at Stanford? Check it out--these are the 10 most valuable startups ever founded by students: Image credit: Essaymama Like this column? Sign up to subscribe to email alerts and you'll never miss a post. The opinions expressed here by Inc.com columnists are their own, not those of Inc.com. PUBLISHED ON: MAR 17, 2016
These 10 Student-Founded Startups Are the Most Valuable of All Time Get inspired by crazy successful entrepreneurs who launched their empires while they were still students. Founder and CTO, WordStream@larrykim It's not uncommon for an entrepreneur to have many failed businesses in their past by the time they find their stride. Colonel Sanders, the founder of fast food giant KFC, didn't get his start until he was already in retirement! In fact, his first social security check became part of his startup funding. Even so, there are those at the opposite end of the spectrum: people with such natural business acumen and talent, they experienced success early in life. In the case of these entrepreneurs, very early--while they were still students! This infographic lists the top 10 most valuable startups founded by students, including the year each was founded, the total value of the enterprise, revenue and market cap. Topping the list, of course, is a little company called Microsoft, founded by Bill Gates and Paul Allen in 1975 while they were still students at Harvard University. Gates actually dropped out to pursue his dream. With a total enterprise value of over $281 billion, the technology brand took in over $93.58 billion in revenue for its 2015 fiscal year and, after a period of downsizing, employed over 117,000 people. Although he's no longer the largest shareholder in the company he founded, Bill Gates is one of the wealthiest men on the planet, known for his philanthropy. Oh, and he did receive his degree--32 years after leaving Harvard, he was awarded an honorary degree. One thing you're going to find interesting (although maybe not surprising) are the number of technology companies on this list! The students who have created the most valuable companies have done so almost exclusively in tech. Matt Mullenweg, for example, was a student at Houston University when he created WordPress. And I'm sure you've heard of Sergey Brin and Larry Page...but did you know the search engine that would become Google was born of their musings while studying together at Stanford? Check it out--these are the 10 most valuable startups ever founded by students: Image credit: Essaymama Like this column? Sign up to subscribe to email alerts and you'll never miss a post. The opinions expressed here by Inc.com columnists are their own, not those of Inc.com. PUBLISHED ON: MAR 17, 2016
Spoonrocket The on-demand economy is starting to show its cracks, and companies are falling apart in an environment where funding is suddenly hard to find and low-to-no margin businesses are facing tighter scrutiny. On Tuesday, Bay Area food delivery food business SpoonRocket closed its doors after it was unable to raise money after more than a week of rumors that the company was looking for a last minute buyer. TechCrunch previously reported the shut-down. Rival Sprig took a hard look at the company, but decided to pass on the acquisition, according to multiple sources familiar with the situation. The intellectual property and other company assets didn’t justify an acquisition, one person involved said. SpoonRocket didn’t employ its delivery drivers, who worked as independent contractors, so they could not be acquired as part of a deal. Sprig did formalize a partnership and money changed hands amidst the shutdown, but that was more of a marketing play to attract SpoonRocket’s customers to Sprig, the person added. A memo to SpoonRocket drivers also pointed them to join Sprig, although Sprig’s structure of employing drivers means they will have to interview. A Sprig spokeswoman would not comment or acknowledge any acquisition talks, but did confirm the partnership between the two. SpoonRocket did not return multiple requests for comment in the last week. “We are partnering with SpoonRocket to invite all of their current servers and delivery staff to interview to become Sprig employees in San Francisco. Our server employees are core to our mission as we continue to grow at a rapid pace in our home city, where we currently serve thousands of meals per day,” Sprig’s spokeswoman said. New customers coming from SpoonRocket also get a discount as part of the transition. SpoonRocket’s shut down comes at a time when the once-hailed on-demand economy is starting to see pivots and moves away from it. Valet company Zirx moved entirely away from parking consumer cars at a push of a button. Its rival Luxe is also starting to ask to schedule car returns instead of making it as easy as hailing an Uber, according to a report in Bloomberg. In the food space, which has been overrun with companies for years, more startups are turning away or shutting down entirely. Uber rival Ola shut down its food delivery arm. Startup GoodEggs closed in several cities. Meanwhile, Uber itself is entering into the competition, adding another well-funded player in an already way too crowded space. SpoonRocket founder Steven Hsiao wrote in the company’s goodbye note that the competition amongst startups combined with a bad funding environment lead to the sudden shutdown. “We explored all strategic options till the very last minute but unfortunately, they all fell through,” he wrote. NOW WATCH: This bicycle generator could bring electricity to millions of people living without it Please enable Javascript to watch this video
Stop chasing business ideas, your business idea will fail if it does not solve a problem for your customer. Netflix solved a problem by creating on-demand TV and film.
Detroit has a new resident: Techstars. The noted startup accelerator is today announcing Techstars Mobility, a program designed to advance young mobility and..
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