Gone are the days of starting companies in your garage. And Google thinks it can help with the change in venue.
The tech giant announced Wednesday that it will be partnering with co-working spaces and "startup hubs" -- where young companies can get access to office space, mentors, and other resources to help them grow -- to create a hub network that'll help startups commune.
The initiative is being overseen by Google for Entrepreneurs, the arm of the company that focuses on nurturing startups. Google already has startup hubs in London and Tel Aviv, but this new … Read more
When F. Scott Fitzgerald claimed that "there are no second acts in American life," he clearly didn't foresee the resilient career of the man who once headed America Online. Rita Braver reports:
He was the Boy Wonder of computing, co-founding the pioneering Internet service America Online while still in his twenties, and then helping make it the top-earning stock of the 1990s -- trying, he told CBS News back in 1997, "to build an interactive medium to inspire people's lives."
And if you've ever wondered what happened to Steve Case, look no further. … Read more
I don't know where I'd be today without my entrepreneurial mentors. A lot of successful entrepreneurs will tell you the same thing.
Every 20-something entering the job market should have a mentor that can help her navigate the business world, but the bond between an entrepreneur and her mentor is unique. There aren't a lot of tougher mountains to climb than starting a company from scratch, and the emotional stress of a startup can be overwhelming. Being able to learn from somebody who's gone through the ups and downs is invaluable.
"Mentorship is a critical … Read more
Indie hardware hacker and engineer Limor "Ladyada" Fried was named today as Entrepreneur Magazine's Entrepreneur of the Year.
The founder of Adafruit Industries was chosen among thousands of nominations the magazine received. She was the only female finalist when the nominations were whittled down to five for the main category in the early fall.
Fried's company has humble beginnings and has grown into a sprawling educational resource and one-stop shop for electronics hobbyists, do-it-yourselfers, and experienced hackers alike. Remarkably, in a highly competitive marketplace where businesses closely guard code, schematics, and most everything they can, Adafruit … Read more
From the outside, it looks like a typical California suburban home: garage, driveway, tidy yard. But walk down the path leading to the front door and you'll find your first clue that a traditional family of four does not live inside. On the front porch are dozens and dozens of pairs of men's shoes, all removed before entering in order to keep the house as tidy as possible.
When we knocked, Carlos De La Lama Noriega, the manager of the house, greeted us and welcomed us inside for a tour. The main living space was clean and airy … Read more
Pitching your startup idea to investors, journalists, and random people on the street is a rite of passage for all entrepreneurs. You have to convince hundreds (if not millions) of people that you're building something worthwhile and that they should get on board.
Most pitches fall flat though (the best VCs invest in perhaps 1 percent of the startups that pitch them), and it's often because of simple problems that could've been avoided. Nervous entrepreneurs stray from their story, and arrogant entrepreneurs demand unreasonable valuations and then get laughed out of the room by top-tier angels.
Here … Read more
Imagine a floating city of entrepreneurs; a veritable Googleplex of the sea. That's the vision behind Blueseed, a San Francisco startup.
The company plans to deploy a cruise ship 12 nautical miles from Silicon Valley -- in international waters -- and convert it into a metropolis of floating offices so foreign workers can launch their companies without obtaining work visas.
Despite a number of bills currently in Congress that aim to expand immigrant work visas, "there is no entrepreneurial visa," says co-founder Max Marty. "I think that's a terrible problem."
The answer, according to … Read more
Choosing the right market opportunity will make or break a startup. Unfortunately, most entrepreneurs choose to tackle markets that are over-saturated, not realizing their mistake until it's too late.
I've listened to thousands of pitches from thousands of startup founders. Most of the time, these pitches don't stand up to my scrutiny for one reason or another. Some don't have differentiating features while others simply don't tackle big enough market opportunities.
One of the biggest stumbling blocks that trips up most entrepreneurs though is their lack of market and competitive research. They come up with … Read more
I've seen thousands of startups fail, but they almost always fail for the same reasons. Most entrepreneurs fall into the same traps over and over again, despite how easy they are to avoid.
At the London Web Summit earlier this week, I told an audience of European entrepreneurs the seven mistakes I believe most often destroy promising startups.
These are my seven startup sins. Avoid these common mistakes at all costs:
1. Losing focus: If you're like the typical entrepreneur, you probably have hundreds of new ideas for your startup. But you must resist the urge to build … Read more