The Absolutely Necessary Role Of Startups In Urban Neighborhoods Trying To Stage A Comeback

What do cities as different as Miami, Denver, and Philadelphia have in common with one another? The answer, according to Khai Tran of Forbes, is in the way they are approaching to frame their urban revitalization. Typically, cities pin a resurgence upon the acquisition of large businesses to move in and offer a number of low wage jobs in exchange for huge amounts of taxpayer credits. Rather than doing this, Tran maintains that the quickest and most effective panacea for economic rejuvenation is entrepreneurship and startups. Not only are these small businesses paying above the national average and amassing diverse teams of locally sourced talent, but they are breathing life and culture back into cities that were almost written off. Read more>>

A Guide to Preemptive Funding Offers

Any seasoned entrepreneur knows that funding is one of the most challenging and headache-producing elements of the startup process. A preemptive offer can feel like a pot of gold at the end of the rainbow. Unfortunately, sometimes these offers can be more of a Trojan Horse. In today’s market climate of over-capitalization, Aaron Harris of Y Combinator gives some pointers on how to strike a preemptive deal for funding that is good for startup business and investor alike. Read more>>

Where Big Leaps Happen

Tin and copper are two weak metals on the Mohs scale, however mix them together and you make bronze an extremely hard strong metal. In Morgan Housel’s article, Where Big Leaps Happen Housel explains how this metaphor is perfectly aligned with the creation of a successful business. You do not need to be extremely extraordinary at one particular thing. In fact, it might be better to be just okay at two great qualities and then combining them to make them something worthwhile.Read More>>

Boeing Backs Aerion in Effort to Revive Supersonic Jets

For all of those who mourned the decommissioning of the infamous supersonic jetliner Concord in 2003, yesterday was a momentous day. Boeing, in collaboration with a startup named Aerion, have publicly announced their financial partnership in the effort to create a supersonic business jet that will travel at 1,000 mph — up to 70% faster than existing business jets. Even more astonishing is the fact that this jet will reach markets by 2023; Twenty of the jets have already been ordered! If you have ever wondered where commercial aviation may go in the next decades, this article from Bloomberg contributors Julie Johnson and Thomas Black may give you your answer. Read more>>

Who Gets Blamed When a Group Project Goes Wrong?

We’ve all had that group project that simply didn’t work out. The group project that leaves the group itself responsible for the negative consequences. How are these failures perceived by outsiders? How do we divvy blame for failures that we have little background information about? According to a study done by researchers at the Kellogg School of Management at Northwestern University, we tend to assign those who already have reputations less blame than those who are still gaining experience, regardless of any other facts. What is the Matthew Effect, and why does it pose significant risks to group members who are still building their reputations? Read more>>

Accounting for Time

What is time worth? We all know the simple equation: “time equals money”. In traditional corporate America we forget the equivalency of the two. If you’ve ever wondered, “Is this worth my time?” you are in good company. Ashley Whillans and Hanne Collins of  Harvard Business School decided to do the math, assigning a happiness value to time through the survey and subsequent statistical analysis of the self-reported happiness of  working adults in the United States. The results of their study may convince you to take those extra vacation days. How much happiness equivalent could you be losing by focusing on money over time? Read more>>

 

Micromobility’s 15,000-Mile Checkup

Shared micromobility, which allows people to share electric bikes, scooters and mopeds has grown rapidly and is projected to grow at an even quicker rate within the next decade. Billions of investment dollars have started to flood into this industry, which is taking away investments from car based sharing solutions that had been so profitable in the past. The market potential is short to none as people feel “the experience takes them back to their first time riding a bicycle or a scooter”. However, is micromobility just another transportation fad, or does it actually have the potential to be the next best investment? Read More>>105273312-GettyImages-954604862.1910x1000

How business-to-business startups reduce inequality

“Starting a business is not what it used to be” Sib Mahapatra stated, the founder of Bureau, an end-to-end office furniture startup in NYC. Startups like Shopify, Breather and Fiverr give other startups the opportunity to start and grow their business at a much more smooth and cost efficient pace, changing what we thought we knew about fixed versus variable costs. Opportunity in business does not just rely on access to capital now but instead, the ability and value proposition that you have to offer. Read More>>

Three Steps to Help Innovation Teams Succeed at an Established Company

It is well known by businessmen and industry outsiders alike that innovation and the research and development processes are absolutely vital to the ultimate success of a company. Without them a business will slowly die from an inability to reposition itself. So how do businesses encourage and create an environment conducive to this critical (and oftentimes elusive) process? Stephanie Farsht, a former Target executive, suggests some methods to start with. Read More>>

One Way to Finance Tech Startups Outside of Superstar Cities

As rising star companies have ascended, clung to the top, and fallen over the duration of the mercurial tech boom of the last few decades, everyone has heard about the bunching of innovative new businesses in now glamorous locations like Silicon Valley. Less lauded and much less attractive to large scale investors are reliable, low risk, but small upstart ventures coming out regionally across the country. These businesses – which are critical to the local economy and have reliable potential to generate return – are struggling to attract even the modest support that they need. Entrepreneur and innovator Edward Jung may have an answer to the issue at hand for these rising businesses that may benefit not only them but also regional economies, family businesses, and long standing local corporations. What are Local Innovation Bonds (LIBs) and how could they meet the needs of both conservative investors and needy upstarts? Read more>>

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