Rather than making history for its deep recession and record unemployment, 2009 might instead be remembered as the year business startups reached their highest level in 14 years — even exceeding the number of startups during the peak 1999-2000 technology boom. According to the Kauffman Index of Entrepreneurial Activity, a leading indicator of new-business creation […]
Enterpreneurship Hits 14 Year High Read More »
Fifteen year-old Christian Owens, founder of online advertising network Branchr, was recently named Enterprising Young Brit 2010. The Daily Mail gives the annual award to teen tycoons with startups in the United Kingdom, reports VentureBeat. Owens founded the startup, which counts MySpace as a publisher – to give you a sense of the prestige –
Teen Founds Profitable Ad Network Read More »
ThomasNet News reports that states vary in their degree of “friendliness” to entrepreneurs, with some offering more favorable conditions than others. Some of the key criteria in determining the small business and startup climate in a particular state are capital gains and corporate income taxes; property, sales, gross receipts and excise taxes; local operational costs;
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According to Inc.com, the motto of the venture capital industry this year could be: Well, anything is better than 2008 and 2009. Driving such a renewed sense of optimism is the relative resurgence in the IPO market and a strong pickup in mergers-and-acquisitions activity. That means VCs now at least have some hopes of exiting
Where VCs Are Putting Their Money Read More »
According to Seventeen.com, when Jessica Cervantes was 18 years old, she realized that as delicious as cupcakes were on their own, they would be even better on cookie sticks! So she founded PopsyCakes.com to sell exactly that. (The frosting and chocolate chips keep the cupcakes from falling apart!) Since its launch in 2006, these popsy
Started Her Own Biz Read More »
After toiling for three decades in finance, it wouldn’t be surprising if 65-year-old Patrick Althizer kicked back and lived off his savings and Social Security. But with a spirit not ready for sedentary retirement – as well as college costs for two daughters – he veered off to a new career path: leading shutterbugs through
More Older Americans Start Own Bizs Read More »
Denver, Colorado-based Internet Pawn, which said it is creating the first dedicated online pawn shop nationwide, recently announced it raised $1.5 million in its first round of venture funding from Daylight Partners and Access Ventures, reports Reuters. The company offers pawn loans – cash advances based on the collateral of customers’ assets – at no
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photo credit: h.koppdelaney OpenForum.com: Research shows that over 90 percent of new ventures start with whatever money entrepreneurs can scrounge from personal resources. The other 10 percent relied on external sources with family members (parents and spouse) as the most common (5.0 percent). Private investors fund less than 3 percent of start ups. Venture capitalists
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“Small businesses are the future of America,” said New York City Mayor Michael Bloomberg at the TechCrunch Disrupt conference in NYC. ReadWriteWeb reports that Bloomberg described New York City as “the place to come” for entrepreneurs and startups, announcing that the city-sponsored NYC Entrepreneurial Fund had made its first investment in local startup MyCityWay. Bloomberg
Bloomberg Announces Funding, Calls For Startups In NYC Read More »
Serendipity struck in the winter of 2006 on a chairlift above the slopes in Snowbird, Utah, when a Red Bull energy drink exploded in Brian Levin’s backpack, soaking his lunch. Levin chowed down on soggy beef jerky that now came with a tangy kick. A new snack was born: caffeine-enhanced dried meat. According to Forbes,
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