“Many of the Africans entrepreneurs I encounter represent the elite of their society,” Burfield told me. “They have received world-class educations, but aren’t interested in following in the family business. When combined with members of the African diaspora starting to return home, and ex-pats looking for the big new problems to tackle, most people would be amazed by how many entrepreneurs I encounter in Africa did their undergrad in great institutions around the world, or are self-taught from online courses and hackathons here. These are world-class entrepreneurs.”
As you read this story you will recognise that the economic system that continues to keep black people very, very poor in this country has been broken for so long, and the private sector has been so strong for so long, that we have a vast imbalance that has been allowed to flourish unchecked. We the people have not been demanding when it comes to scrutiny of corporate conduct. [...] This story – this one you will read about Coca-Cola - is part of a rich canon. It exists because of First and Gqabi and Nxumalo and Jaffer and countless others.via [more inside]
Attractive entrepreneurs get more funding – but only if they're male. The research paper "Investors prefer entrepreneurial ventures pitched by attractive men", written by researchers at Harvard, Wharton School and MIT, found the gender and attractiveness of entrepreneurs have a significant effect on whether their business ventures will receive funding. [more inside]
Here's literally every single thing that goes into one night of running a Russian restaurant in Portland, Oregon: One Night at Kachka
Let Us Face the Future - "All parties pay lip service to the idea of jobs for all. All parties are ready to promise to achieve that end by keeping up the national purchasing power and controlling changes in the national expenditure through Government action. Where agreement ceases is in the degree of control of private industry that is necessary to achieve the desired end. In hard fact, the success of a full employment programme will certainly turn upon the firmness and success with which the Government fits into that programme the investment and development policies of private as well as public industry." [more inside]
Women of color are a principal force behind one of the most important components of America’s current marketplace and our nation’s future economy: entrepreneurship. Today, women of color are the majority owners of close to one-third of all women-owned firms in the nation. Increased access to business capital—including microenterprises, venture-capital-funded firms, and crowd funding—has helped the number of women entrepreneurs grow substantially. But women of color face significant obstacles in starting their own businesses, leading to the question of why so many of them turn to entrepreneurship. The growth of women of color as business owners is part of a long-term trend, but the question of why this trend is occurring is often left unanswered. Looking at the alternative to entrepreneurship—the traditional workplace—sheds light on some of the reasons.
It's a trifecta! fear, loathing, and paranoia, meet Money. For those below the 1%, but above the 90%, a new kind of status symbol - long-term rentals for surviving the Apocalypse (but what if the Rapture comes while you're underground?). A chiropractor and a health care executive team up to offer pricey reassurance about the long odds.
FiveThirtyEight's Ben Casselman has crunched the economic numbers and determined: Corporate America Has NOT Been Disrupted. "By a wide range of measures, the advantages of incumbency in corporate America have never been greater." There are fewer startups hiring fewer people and failing more often. Considering that "entrepreneurship is a critical source of jobs in the economy (and) a major driver of productivity growth", a more accurate 'd-word' may be Derangement.
"Hi, Marc... You seem to think everyone's worried about robots. But what everyone's worried about is you, Marc. Not just you, but people like you. Robots aren't at the levers of financial and political influence today, but folks like you sure are. People are scared of so much wealth and control being in so few hands... Unless we collectively choose to pay for a safety net, technology alone isn't going to make it happen." [more inside]
Wired's Gideon Lewis-Kraus reports from the trenches of the Silicon Valley "ecosystem". [more inside]
Who's the Shop Steward on Your Kickstarter? "The true product for sale on Kickstarter is not your art project, but your community and networks. ... Our projects that facilitate the funding are a side effect, a cost of doing business—the business of drilling our relationships for all they are worth."
Inside Africa. What about the digital frontier? How is the broadband download performance? How many mobile phones are there in Africa? And mobile subscriptions? How is Twitter doing in South Africa? And how many internet users are there in South Africa anyway? Yes, the other stuff like GDP growth rates, nation brand values and Sino-African trade are there too. And female entrepreneurship..
This is why I don't give you a job. Hungarian blogger Jakab Andor breaks down the numbers and explains why taxes and regulations make it highly unappealing for him to start a small business employing people in Hungary. He also argues that these same factors make women and older people particularly unappealing prospects. His comments generated quite a bit of controversy (warning: most comments in Hungarian), to which he responded with an offer.
Previous youth cultures — beatniks, hippies, punks, slackers — could be characterized by two related things: the emotion or affect they valorized and the social form they envisioned. [more inside]
This had to be the most amazing merchandising operation I had ever seen! I don't remember whether I ate a hamburger for lunch that day or not. I went back to my car and waited around until about 2:30 in the afternoon, when the crowd dwindled down to just an occasional customer. Then I went over to the building and introduced myself to Mac and Dick McDonald. (very previously) [more inside]
How Dropbox said "No" to Steve Jobs and lived happily ever after. (So far.)
Lean Publishing is the act of self-publishing a book while you are writing it, evolving the book with feedback from your readers and finishing a first draft before using the traditional publishing workflow, with or without a publisher.
Two years ago, Mann says, he had never seen a pot plant. Today, he envisions weGrow becoming the "Wal-Mart of Weed", a vertically integrated chain of big-box stores perfectly positioned to cash in on California's booming marijuana industry as it moves from the shadows to the mainstream. In this "green rush" for semi-legal weed, Mann and his partner Derek Peterson, a 36-year-old investment banker, seek to be the modern equivalents of Levi Strauss and Samuel Brannan—the Gold Rush entrepreneurs who made a killing not from mining, but from selling pans, pickaxes, and victuals to the forty-niners.
In Norway, Start-ups Say Ja to Socialism - We venture to the very heart of the hell that is Scandinavian socialism—and find out that it's not so bad. Pricey, yes, but a good place to start and run a company. What exactly does that suggest about the link between taxes and entrepreneurship?
" Under the plan, every citizen, rich or poor, would be entitled to it starting at birth. There would be no poverty test, no conditions and, therefore, no social bureaucracy. And no one would be told what he or she is permitted to do with the money." Promising news from Spiegel Online about a Guaranteed minimum income project in Otjivero, Namibia. (via)
Teams of student entrepreneurs around the world had six days to add value to a stack of Post-It notes as part of Global Entrepreneurship Week. The results are documented in Imagine It!, which aims to promote creative thinking. [more inside]