Showing posts with label startups. Show all posts
Showing posts with label startups. Show all posts
, ,

Businesses You Can Start From Your Smartphone

You're out of work. The job listings are thin. You have no money to start your own business. Maybe you don't even have a computer to assist in conducting a proper job search. Rest easy, we're here to help.

We've scoured the earth for ten solid business ideas--endeavors that you can mostly start up with little more than a smartphone and a Gmail address, and that you could get under way tomorrow if you absolutely had to. Sure, a computer--or at least a netbook--would help with just about any of these suggestions, but for most of your day-to-day activities in these ten enterprises, you won't need anything more than your phone and a big dose of old- fashioned gumption.

Now get out there--the economy is waiting!

1. Car Service

Provided you have a car with a spacious back seat--and you're good at keeping it clean and tidy--you can start a car service without much effort, particularly if you live in a smaller town without major taxi regulations. The biggest hurdle is getting the appropriate driver's license for your state and/or city (check with your state's DMV for details). Once that's out of the way, you can put up a simple website and offer a phone number for customers to schedule pickups. Your phone can double as a calendar and address book to keep track of appointments, and it can work as a GPS device to ensure you're going the right way. Check out UberCab , which lets passengers book travel on private cars directly from their iPhone.

2. Travel/Tour Guide

What better way to turn a lifetime of living in the same town into pocket money than to become a tour guide around said town? Get the word out by building a website and offering commentary on Yelp to promote yourself as a local expert. Services such as Genbook can help you manage appointments and scheduling, and any Android phone can download a multi- waypoint map from Google Maps to help you plan your tour route. During your downtime, write a tour guidebook and sell it as a print-on- demand book as well as an e-book and smartphone app.

3. Writer

It may be foolhardy to attempt to start a career as a writer without a computer--and we don't exactly advise it--but it has been done before. Blogging is a good place to start: A variety of iPhone apps exist for the major blog platforms (including WordPress and Tumblr ) to expedite mobile posts, and many other platforms (such as TypePad) have mobile services built right in. But there's no need to stop at blogging. In Japan it's becoming popular to write and distribute entire novels via cell phone, specifically text message-- in 2007, five of the top ten bestselling novels in Japan were "cellphone novels" written specifically for the medium. Are we ready for such a thing on our shores? Only one way to find out.

4. Videographer

In the old days, a documentarian, filmmaker, or other video-production professional used to have to fill a van with equipment and haul it from location to location--along with a sizable crew--in order to get a day's worth of shots. Now that pocket video cameras have reached HD quality, it's possible to forgo all of that. If you're brave, you can even shoot with a high-end cell phone, and handsets such as the iPhone 4 and the Samsung Instinct line include basic video- editing features right in the phone. If you're shooting custom video for clients, you can distribute footage directly to them while you're still on location, or upload it to YouTube with little more than a click and a swipe.

5. Mystery Shopper

One perennially popular scam of the spam world--'Mystery shoppers wanted in your area!'-- is actually a legit business for many people, and can bring in real money with a minimum of up- front effort. The important part is doing it right. E-mail come-ons are not the way to start a genuine business. Rather, do your research into legitimate mystery-shopping clearinghouses such as Corporate Research International (where mystery shoppers are called "auditors"), which handles major clients ranging from Chili's to Sears. Don't expect to make a ton of cash--busy shoppers often earn five figures annually in cash and schwag--but if you have lots of time to kill and enjoy shopping, it's worth a look.

6. Auction Maven

eBay may have been the hottest tech company of the last millennium--traffic has been eroding for years now--but it's still big enough to merit the 21st spot among the most trafficked websites in the world, per Alexa. Business opportunities in the auction field remain as varied as the items for sale on the site. Troll garage sales and storage-center forfeiture sales for buried treasure, and then relist the items at auction. Make your own quilts and offer them up on eBay (or, better yet, on Etsy). Or set up shop helping people who would otherwise be putting their unwanted merchandise out on the street make a few bucks by selling it online. eBay's mobile app for iPhone, Android, or BlackBerry makes managing storefronts easy from anywhere.

7. Life Coach

Ah, the beauty of the life coach: You need no real credentials, no degree, and no special business license to give people your opinion on how they should run their lives. Throw together a website touting your expertise--in the life- coach world, the more outrageous the design, the better--get some testimonials from people friendly to your cause, and write up a few stories that show off how wise and intelligent you are (something like "Seven steps to a more serene id"). Once the clients come calling, you can book appointments for in-person meetings or, better yet, telephone calls. Charge premium rates or monthly retainers for folks who'd like 24/7 attention. You're on your own, however, when it comes to actually dealing with all these crazies.

8. Virtual Assistant

Who doesn't need a little helping hand from time to time? Virtual assistants let people with too much on their plate outsource the most menial tasks to a peon. That's you! Exactly what you do is up to you and your client, but the most successful virtual assistants are the ones who will do just about anything that falls even remotely within the letter of the law. Realistically you'll be buying event tickets, researching vacations, fetching dry cleaning, and even dogsitting from time to time, but requests can run the gamut from the mundane to the extravagant. Be clear about your fee structure-- most assistants bill hourly plus expenses, or offer prepackaged monthly deals for a set number of tasks--and promote the heck out of yourself. Entrepreneur magazine has several ideas along these lines to get you going.

9. Tech Support

Are you the one everyone calls when their computer goes south? Why not get paid for it by fixing the computers and answering the technical questions of helpless strangers? A good web page touting your services is critical here. Use keywords and make sure you're specific about the local boundaries of any on-site service. Most people looking for help will Google "city name tech support" or something along those lines, so use your best SEO-fu to design a page that beginners will understand and search engines will love--remember, these are frustrated people who can't figure out why the fonts are so small on their new monitor, so simple and clear language is key.
Craigslist is a popular spot for advertising your wares when business is slow, but be sure to elevate your postings above the riff-raff.

10. 'Personal' Phone Service Operator

When all else fails, you can always talk to people on the phone. This doesn't take a lot of skill or much in the way of setup beyond getting a 900 number or 800 number (plus a mechanism to accept credit card payments). Want to give out recipe advice, sports-betting picks, or psychic readings? Whatever floats your boat, chances are good that someone out there is willing to pay to listen to you say it. Of course, a lot of these services tend toward more "mature" offerings, but we here at PCWorld would never, ever judge you for that.

Read More
, , ,

signs you are not cut to be an entrepreneur

it every ones dream of opening their own businesses, according to a recent survey by the UPS Store , but with 50% of small businesses failing within the first five years , how do you know if you're an entrepreneur ... or a "wanna-preneur"?

" just because you can start a business doesn't mean you should." Before you take the leap, Steenerson suggests taking an honest inventory of your skill set. these ten clues show that you're not cut out to launch a business :

1. You can't stand the heat.

Before you jump into self-employment, Steenerson says you need to be comfortable with being uncomfortable. "Every day you'll need to try something new for the first time," he says. "Growth happens at edge of comfort zone. If you're unwilling to go there, you may not be cut out for being an entrepreneur."

2. You're on the quest for quick cash.

While profit is the result of successful business, it shouldn't be why you are in business, says Steenerson, who in 1997 launched Disability Insurance Services, a provider of disability insurance products, to fill a gap in the marketplace. "You start a business to solve problems and serve others," he says. "If you do that the cash will follow, but it can take time."

3. You have professional ADD.

Starting a business isn't about chasing the latest shiny thing; it's about picking a dream and staying with it even when times get tough. "Being an entrepreneur requires unwavering laser focus," says Steenerson. "If you don't have patience and are unwilling to push through the tough times, launching a business might not be for you."

4. You get stage fright.

As an entrepreneur you wear many hats, and spokesperson is one. If you shy away from public speaking, overcome this issue by joining a group like Toastmasters or by hiring a spokesperson for your company. "Opportunities don't always come to us in a scheduled manner, however. And entrepreneurs will need to be the front man from time to time," says Steenerson. "If you're uncomfortable with self promotion, it can be problematic."

5. You hate roller coasters.

When you're an entrepreneur, there are no flat surfaces. "One day you're tackling a steep hill and the next you're on a gut-wrenching free fall," says Steenerson. "You need to be prepared to hang on and enjoy the ride." In other words, entrepreneurship isn't for those with a weak stomach.

6. You think complexity is cool.

Winston Churchill said, "Complexity is not a virtue." Steenerson agrees and says simple, straightforward businesses are often more successful. "If your product or service is complicated, it will be hard to communicate that to your customers and your employees," he says. "A confused mind always says no."

7. You don't believe in marketing.

No matter what the economy looks like, you've got to keep marketing; it makes the business world go 'round, says Steenerson. "When the economy declines, it's time to double your efforts because your competitors are pulling back, too," he says. "You must be willing to continue to throw revenue at marketing - no matter what."

8. You're easily winded.

Launching a business is like running a marathon. At the start, adrenalin keeps you going, but 15 miles in, you can hit the wall. Entrepreneurs are willing to push through the portion of the journey called the "middle mile" - the place where challenge and drudgery happen. "Your feet will hurt and your breathing will be labored," says Steenerson. "Despite these inconveniences, you must place one foot in front of the other and press on. A lack of stamina is a recipe for burnout and overload."

9. You can't explain the steps of shoe tying.

Tying a shoe is complicated - and so is running a business, says Steenerson. Entrepreneurs need to be able to delegate tasks and to direct others. This means you need the ability to take a task and break it down into easy, actionable steps for implementation. "Big ideas are a dime a dozen," he says. "Knowing how to implement them is the game changer."

10. You're a problem passer.

As an entrepreneur, the buck stops with you. You must be willing to upset the apple cart and make decisions "Sometimes your customers will be unhappy with your decisions and you've got to be comfortable with that if it's in the best interest of your company," says Steenerson. You must also be able to resolve problems. "Understand that if you're unwilling to handle something immediately, it will not go away," he says. "It will grow bigger."

Read More
, , , ,

30 Under 30: Africa's Best Young Entrepreneurs [part 3]

Chude Jideonwo & Adebola Williams, Nigerian

Founders, Red Media/ The Future Project

Jideonwo and Williams are co-founders and Partners of Red Nigeria - a leading full service media-content, communication and Development Company in Nigeria. The firm also owns The Future Project (TFP) – a strategic social enterprise/change communications firm which hosts theannual Future Awards, Nigeria’s most important awards for outstanding young Nigerians

Mark Kaigwa ,

Kenyan Partner, Afrinnovator

Mark Kaigwa, 25 is a multi-talented creative director, filmmaker, digital marketer and entrepreneur. Kaigwa is a co- founder and partner at Afrinnovator, a venture which aims to put Africa on the map by publishing exploits across African innovation, technology and start-ups. He is also Partner at African Digital Art – the web’s leading resource for creative inspiration in animation, illustration, photography and design from Africa.

Arthur Zang, Cameroonian

Inventor

Last year, Arthur Zang, a 25 year-old Cameroonian engineer invented the Cardiopad , a touch screen medical tablet. With the Cardiopad, heart examinations such as the electrocardiogram (ECG) can be performed at remote, rural locations while the results of the test are transferred wirelessly to specialists who can interpret them. The device spares African patients living in remote areas the trouble of having to travel to urban centers to seek medical examinations. The Cardiopad is expected to become commercially available in 2013.

Thula Sindi, South African

Fashion Entrepreneur, Founder, Thula Sindi

The 28 year-old is one of Southern Africa’s best-known young fashion designers. After completing his studies at the London International School of Fashion he landed his first job as head designer at Vlisco , a Dutch textile company. He quit shortly afterwards to launch his eponymous self- titled clothing label which designs, manufactures, and markets delicately crafted women’s clothing. Read more about Thula Sindi here.

Farai Gundan, Zimbawean

Founder, Farai Media

The Zimbabwean-born media personality and Internet entrepreneur is the founder of Farai Media , an Africa-focused online mobile and advertising platform. She is also a co-Founder of AfricaTripDeals, a global distribution system for travel to Africa.

original article: forbes.com

Read More
, , , ,

30 Under 30: Africa's Best Young Entrepreneurs [part 2]

Joel Mwale , Kenyan

Founder, Skydrop Enterprises

Mwale who is 20 years old runs SkyDrop Enterprises, a rainwater filtration and bottling company which produces low-cost purified drinking water, milk and other dairy products in Kenya. Mwale founded Skydrop in December 2009 and the company now employs over 20 people. Read more about Joel Mwale and Skydrop here .

Verone Mankou, Congolese

Tech Entrepreneur, Founder & CEO, VMk

Verone Mankou is the founder of VMK , a tech company focused on mobile technologies, specifically in the design, in Africa, of Tablet PCs & Smartphones. In 2011 VMK presented the Way-C , its first Android Tablet PC. The Way-C retails at USD $300 and is available in the Congo and France. VMK also manufactures an African- themed Android smartphone called Elikia. Mankou is 26. Read more about Mankou and VMK here.

Opeyemi Awoyemi, Olalekan Olude & Ayodeji Adewunmi , Nigerian

Founders, Jobberman

The trio founded Jobberman , Nigeria’s biggest job search engine and aggregator. Jobberman went live in August 2009, and today the site attracts over 50,000 unique users each day. Through simple, yet cutting- edge technology, Jobberman helps link qualified personnel to the right job opportunities. Jobberman is one of the few companies in Nigeria’s tech space that enjoy venture capital backing. Read more about Awoyemi, Olude and Adewunmi and Jobberman here .

Oluwaseun Osewa, Nigerian

Founder, Nairaland

Nigerian geek Oluwaseun Osewa is the founder of Nairaland , Africa’s largest online forum. He founded the site in March 2005 as a general purpose discussion forum with a bias towards issues of interest to Nigerians. The site took off. Nairaland now has close to 1 million registered users and is the most popular Nigerian website today. For perspective: In Nigeria, Nairaland gets more visits than Wikipedia. Nairaland earns its revenue through its ad inventory. Read more about Oluwaseun Osewa and Nairaland here.

Ashley Uys , South African

Founder, Medical Diagnostec h

Ashley Uys’ company, Medical Diagnostech develops and markets affordable and reliable medical test kits for malaria, pregnancy, syphilis, malaria, HIV/ Aids for South Africa’s rural poor. The company’s Malaria pf/PAN (pLDH) Test kit can reportedly detect all strains of malaria and indicate within 30 minutes whether the malaria treatment provided is effective. Last November, Medical Diagnostech won $120,000 in prize money at the SAB Foundation 2nd Annual Social Innovation Awards. Uys is 29. Read more about Ashley Uys and Medical Diagnostech here.

Sizwe Nzima, South African

Founder, Iyeza Express

The 21 year-old South African entrepreneur runs Iyeza Express, an innovative enterprise which helps reduce overcrowding at public health facilities by collecting and delivering medication from public clinics and hospitals on bicycles to residents of the Western Cape who are on protracted medication. Read more about Sizwe Nzima and Iyeza here .

William Kamkwamba, Malawian

Inventor

Meet the boy who harnessed the wind. Born in Malawi, William was only 14 years old when he built an electricity-producing windmill from junkyard scraps in order to provide a steady source of water for his family’s farm and village in Masitala Village, Wimbe. With a bicycle dynamo and chain ring, tractor fan, rubber belts and bamboo poles, William succeeded in building a functioning windmill that provided energy for two radios and four light bulbs. Fuelled by the modest success of the initial windmill, William set out to build a larger windmill to help with irrigation for his entire village. Kamkwamba is currently studying for a degree in Environmental studies and Engineering at Dartmouth College in the USA.

Sandra Appiah and Isaac Boateng, Ghanaian

Co-founder, Face2Face Africa

Sandra Appiah, 23 and Isaac Boateng, 28, both Ghanaian nationals are the founders of Face2Face Africa (F2FA) , a New York city- based new media company with a mandate to restore Africa’s image within the global community. The company has three divisions: an outfit that publishes a magazine which explores African development, culture, entertainment and fashion, an events business and a thriving website. Read more about Sandra Appiah, Isaac Boateng and Face2Face Africa here .

Orekunrin,Nigeian.

Founder, Flying Doctors

A Nigerian healthcare entrepreneur and medical doctor, Orekunrin, 25, is the founder of Flying Doctors Nigeria, West Africa’s first Air Ambulance Service. Flying Doctors Nigeria provides urgent helicopter, airplane ambulance and evacuation services in Nigeria and other countries across West Africa. Read more about Ola Orekunrin here .

Andrew Mupuya, Ugandan

Founder, Youth Entrepreneurial Link Investments (YELI)

In 2008 Andrew raised $18 from family and friends and started making paper bags on a small scale. In 2010 he registered his company, Youth Entrepreneurial Link Investments (YELI), which is now the first locally registered paper bag and Envelope- producing Company in Uganda. The company now employs about 15 Ugandans and YELI is a leading supplier of paper bags and envelopes to local hospitals, retail outlets, roadside sellers and local flour manufacturers. Between 2008 and now, YELI has produced more than half a million paper bags. Andrew Mupunya is 20. Read more about Andrew Mupuya here .

original article: forbes.com

Read More
, , ,

Microsoft Releases List Of 9 Wealthiest Kenyans Aged Under 30

While I was trawling the internet looking
for information for you my niblings, I came
across an article done by Microsoft which
was a post about the richest Kenyans
under the age of 30. Not surprisingly, most
of them are techies or deal in something
technology oriented But one man stood
out.

#9. Cosmas Ochieng 26yrs old Eco Fuels

#8. James Mwale 20yrs old, made 42.5 million
while he was just 19yrs old.
Joel Mwale, 20 - Founder, SkyDrop
Enterprises

#7. Heshan de Silva founder of VenCap Kenya
He sold his first company for 122million
shillings.

#6. Eric Muthomi 26yrs old -Stawi Foods and
Fruits

#5. Mark Kaigwa 25yrs old -partner at
afrinnovator

#4. Mike Muthiga 26 yrs old -founder of Fatboy
Animations

#3. Lorna Rutto 28yrs old -founder of EcoPost

#2. Antony Mwaura 24yrs old -DreamIt
Computing Technology

#1. Evans Wadongo 27yrs old -Director of
Operations at sustainable Development For All
(SDFA Kenya)

Note that the list isn't in any particular order.click here to view the list

Read More
,

These Guys Are Trying To Build A Dog Collar That Translates Barks Into English

A new campaign has launched on Indiegogo to raise money for a device called "No More Woof".

The project's goal is to translate dog barks into English so owners can understand how to help their pet. No More Woof is shaped like a small headset which can be placed on your dog's head.

It will have a series of recorders and microcomputers to help analyze the information coming from your canine and produce the response. Let's be clear. This thing probably doesn't work yet.

The product's description is full of a bunch of jargon like "ionic current flows" and "EEG recorders" and the project's creators admit that they don't have a functional prototype yet.

That said, they're still asking for $10,000 on Indiegogo to make the device a reality. Engadget writes that a $65 model called the NMW Micro would be able to understand three basic thoughts like "I'm tired".

The second model labeled the NMW Standard priced at $300 would have have two sensors to distinguish four more thoughts, while the third option known as the Superior is customizable and can continuously adapt to your dog's thoughts.

The final choice costs $1,200. This idea comes from the same research lab who created the iRock, which was a hybrid rocking chair/iPad charger. On their Indiegogo page, the creators emphasize this is still in the early stages of development.

Read More
, , , ,

2013 tech flops: Biggest busts so far

In technology, companies are unveiling new products almost every day, touting each as if it were the one device that will truly change the world.

Rarely is that true, and for every big hit there are many misses. For whatever reason -- perhaps a steep price, lack of interest or just uselessness -- some products never catch on and turn out to be big flops. And halfway through 2013, there have already been quite a few of these cases.

1.Google Chromebook Pixel

The Chromebook Pixel is a great little computer. It has a crystal-clear screen, beautiful design, and numerous useful features, but at the steep price of $1,300, this Google laptop has failed to generate sales the way other Chromebook computers have.

2.BlackBerry Z10

BlackBerry, formerly known as Research In Motion, was hoping to push back into the U.S. smartphone market this year with the BlackBerry Z10 as its crown jewel. But so far neither the Z10 or any of its other new devices have gained ground on Apple and Android. And now, BlackBerry has announced that it is considered selling itself.

3.HTC First (the Facebook phone)

After years of rumors of a Facebook phone, Mark Zuckerberg and crew finally delivered with the HTC First. The device ran Facebook Home, a version of Android tailored to keep you within Facebook's social network at all times. Facebook thought this would be a popular concept, but it soon learned some users did not want so much Facebook all throughout their smartphones. As a result, AT&T struggled to sell the device and quickly lowered its price from $99 to 99 cents.

4.Twitter Music

Twitter scored a major hit this year when it released Vine, but its other app release, Twitter Music, has failed to catch on completely. The service is supposed to help users discover new music, but unlike Vine which now has more than 40 million users, Twitter Music never built up any momentum.

5.Microsoft Surface RT

The Surface RT was released in late 2012 as Microsoft's response to Apple's iPad. But, despite the company's commercials that show the Surface RT outperforming the iPad thanks to some unique features, the Surface RT has had poor sales. Ultimately Microsoft had to take a $1-billion charge against its earnings because of unsold devices, and earlier this summer the company began slashing the Surface RT's price.

6.Nintendo Wii U

Similar to the Surface RT, the Nintendo Wii U has also struggled to sell. Though it is the successor to the ultra-popular Wii game system, the Wii U has sold so poorly that in July Nintendo reported a $50-million loss in net sales.

7.YouTube on Windows Phone

Twice this year Microsoft has tried to release a working version of a YouTube app for its smartphones, but twice YouTube has had issues with the product and forced Microsoft to remove the app from its app store. Bickering between the two companies has left Windows Phone users without a way to watch YouTube natively through their smartphones.

Read More
, , , ,

The Biggest Flops in Tech This Year

also related: 2013 biggest tech busts

Another year in the books! (Almost). As such, we're taking a look back at the biggest flops in consumer technology for the year.

It's interesting to see which companies are getting better at reining in poor products, and which aren't. This year, Google had practically no flops. And Apple had just a few minor errors. Compared to years past, this is really good.

Google in particular seems like a much more disciplined, more focused company today than ever before. Then again, in sports there's a saying that goes, "If you ain't cheating, you ain't trying." The tech equivalent would be, "If you ain't failing, you ain't trying." A few flops here and there are good—it means you're trying something new. Not everything is going to work, and you can't be scared to test out new ideas.

15. Microsoft's CEO succession planning

We're not quite sure how to frame this one, but there was something weird about Steve Ballmer's retirement. He says he's leaving of his own accord, yet he put plans in place for a radical reorg of the company just a few weeks before he announced his retirement. And, Microsoft didn't have his replacement lined up, so it's been out there trying to figure out who is going to run the company next. This process has been odd, and stilted.

14. The Google Barge

Google was working on a mysterious barge in the San Francisco Bay. Initial speculation said it was going to be a floating data center. Later reports said it would be a storefront for Google Glass . Now, it looks like it might not be anything because Google failed to get the proper permits for the barge. The multi-million dollar project is now under investigation .

13. The iPhone 5C

Sales of the iPhone 5C appear to be weaker than expected. There have been multiple reports of Apple cutting 5C production in favor of the iPhone 5S. For Apple's business, this is a good thing. But, it's perplexing. We're not sure why Apple did the 5C. Maybe it becomes clearer in the future.

12. The television industry's attack on Aereo

Aereo is a new way to watch TV. It transmits broadcast channels to your tablet and phone. Big TV companies are not happy about it, so they've been trying to sue the company into oblivion. Thus far, their lawsuits have done nothing but bring attention to the company .

11. Apple's twee advertisements

Apple released very serious advertisements this year about why it does what it does. The ads were a hit with Apple employees and Apple bloggers. But for normal people, they were off- putting and cold. The ads didn't last very long.

10. Yahoo's new logo

Marissa Mayer was personally involved in the design of Yahoo's new logo. Maybe she should have stayed away.

9. Payments startup Clinkle

How does a company that has yet to launch a product land on a list of flops? By raising a massive seed round of financing, releasing a pretentious, vague promotional video , and then laying off a huge chunk of its staff. If you're an investor in Clinkle, you have to be nervous.

8. Yahoo Mail redesign

Users really don't like Yahoo's Gmail-esque redesign . Yahoo stripped away features users liked. The redesign was bad, but what's even worse is that Mail has had problems staying up, and Yahoo's response has been bad.

7. HTC One

The HTC One is a great phone. It might be the best Android phone on the market. And yet, no one is buying it. HTC, which was at one time the biggest Android phone company, is in a tailspin. The One was supposed to save it. It failed.

6. The Surface RT

Microsoft took a $900 million charge on the Surface. Not sure we need to say much more.

5. BlackBerry 10

BlackBerry 10 finally launched this year. It was a total failure. No one wanted it. As a result, the company spent the year trying to sell itself, then changing its mind about selling itself. The CEO is gone, and the company is now considered an ancient relic.

4. The Moto X

Motorola's Moto X is a good phone, but it's been a flop in the market. It's barely selling despite a massive marketing push from Google/ Motorola. We're not sure what Motorola can do about this other than keep trying to improve its product, and hope that eventually consumers come around.

3. Facebook's Poke App

Snapchat has made a mockery of Facebook this year. At the end of 2012, Facebook tried to crush Snapchat with Poke, which was a clone of Snapchat. No one used it. So, if you can't beat 'em, buy 'em, right? Snapchat rejected a $1 billion offer from Facebook. Then it reportedly rejected a $3 billion buyout offer. Not a good look for the mighty Facebook.

2. Samsung's Galaxy Gear Woof.

That's all we can say about Samsung's Galaxy Gear, a smart watch that was supposed to work with its smartphones. The Gear was a big flop, and Samsung is already working on a second version. A Samsung executive speaking at our conference likened the Gear to a not-yet ripened tomato. Kind of a bummer for anyone that paid $300 for the Gear.

1. Facebook Home

Facebook Home was supposed to be Facebook's big attempt to take over Android. It was a downloadable skin for Android that turned an Android phone into a Facebook phone. When it launched, people thought it might be so successful that Google would block it. Google didn't have anything to worry about. Home was a total bust, and no one used it. We heard Facebook is back to the drawing board, and hopes to have a better version of the product out next year.

Read More
, , ,

Why Peter Thiel Is Wrong To Pay Students to Drop Out

Stanford Law School grad, Peter Thiel, wants to pay college students to drop out. If typical venture capital odds apply, about 22 of the 24 people who took his $100,000 inducement to drop out and spend two years working in a start-up will fail to build a successful company. For their sake, let’s hope the schools will let them back in. And based on research from the country’s top-ranked school of entrepreneurship, the world will be better off if those whippersnappers stay in school and get 10 years of experience before launching their start-ups. Peter Thiel has a mixed investment record but has come out ahead. Thiel made $55 million as a co-founder of online payment service PayPal when he sold his 3.7% stake in the company to eBay (EBAY) shortly after graduating from Stanford Law School. He then became the first major investor, putting $500,000 into Facebook. But his Clarium Capital has stumbled. It had close to $8 billion in assets at its mid-2008 peak. By September 2010, roughly 90% of those assets were gone. Business Insider reported that by then, the fund’s assets under management were down to around $850 million – “and about half of that is Thiel’s.” Nevertheless, Thiel’s still got enough left to make him comfortable with his oft-reported bargain with college youth. In 2011, Thiel paid 24 teenagers and 20-year-olds $100,000 each “to quit school and embark on their technology-based entrepreneurial ventures with the potential to change the world.” The presence of this prize must terrify the parents who have saved up to give their children the security of a college education. Despite the media’s love of stories about the success of Harvard college dropouts Bill Gates and Mark Zuckerberg, the compelling nature of their stories contributes to the delusion that more average people can suddenly gain the entrepreneurial ability of those two outliers. Bill Bygrave has spent a career researching entrepreneurship as a professor at Babson College (where I teach). U.S. News & World Report ranked Babson the country’s leading undergraduate school for entrepreneurship for the last 14 years. In a June 13 interview with Bygrave, I learned about his research into the characteristics of successful entrepreneurs. In a recent paper, Human assets and entrepreneurial performance: A study of companies started by business school graduates, Bygrave and his colleagues reported the results of a comprehensive study of Babson College’s alumni entrepreneurs. A key finding was that the best performing new ventures were started by alumni with about 10 years of professional experience after graduation. Bygrave believes that this finding puts the lie to what he calls the “whippersnapper theory” — that in entrepreneurship youth trumps experience. Not surprisingly Bygrave counts himself among those entrepreneurship educators and researchers who view as misguided schemes like Thiel’s to encourage teenagers to become entrepreneurs. Bygrave in his paper noted that Vivek Wadhwa, director of research at Duke University’s Center for of Entrepreneurship, harshly criticized Thiel’s program for sending what he sees as the message that anyone can be Mark Zuckerberg. According to Wadhwa’s interview with Daily Mail , “Silicon Valley lives in its own bubble. It sees the world through its own prism. It’s got a distorted view. All the people who are making a fuss are highly educated. They’re rich themselves. They’ve achieved success because of their education. There’s no way in hell we would have heard about Peter Thiel if he hadn’t graduated from Stanford.” I asked Bygrave what students get by staying in school. At Babson, students get what he calls “the mechanics” — meaning techniques for evaluating opportunities and putting together a business plan. And while Bygrave is not suggesting that one causes the other, he points out that start-ups with business plans raised more money than those that did not. Peter Thiel is free to spend his money the way he wants and those teenagers are free to accept the offer to drop out of school. But Bygrave’s research shows that the occasional entrepreneurial success of college dropouts is the exception that proves the rule — stay in college and get 10 years of experience — preferably in a fast growing organization — before launching a start-up. source article : forbes.com

Read More

Search This Blog

search form