This past week saw several interesting blog entries, articles, and reports from the world of entrepreneurship, management, and venture capital.
John Tierney of the NY Times wrote an excellent article on opportunity
costs and decision making, regarding research on the risks associated with
keeping too many options on the table.
An interesting observation from Professor Dan Ariely of MIT: “Closing a
door on an option is experienced as a loss, and people are willing to pay a
price to avoid the emotion of loss.”
Chris Anderson wrote a fascinating article, The
Rise of the “Free” Business Model. “Once
a marketing gimmick, free has emerged as a full-fledged economy,” he writes,
citing the success of Radiohead and Google as prime recent examples. Read the article here.
Thanks to Jeff Cornwall
for pointing us to the Angel Capital Association’s outlook for 2008. Despite recent news about the slowdown in the
economy, nearly half of angel groups expect deal flow to improve in both
quantity and quality in 2008. However, angel
groups’ expectations for positive exits in 2008 were not as optimistic. More information about the Angel Capital
Assocation’s report can be found here
Fred Wilson of Union
Square Ventures wrote about the importance of conviction and
discipline -- specifically, the importance of careful, deliberate planning
in order to achieve conviction in one’s strategy, plus the necessary discipline
to adhere to that strategy.
He also provided great advice on choosing board
members, including avoiding “big names” and making sure you get people who
have enough time to commit to the job – it’s not a “retirement perk,” he says.
imagine it! is a new
documentary about Stanford students building companies solely from Post-It notes
(available for download here, once you
fill out the form). As Anthony Ha of VentureBeat
wrote: “Watching the students at work is a great illustration of an important
point: even if you’re facing substantial constraints, you can still produce
something valuable.” (You can listen to him
interview the executive producer of the film, Richard Tavener, here).
Is there such a thing as a “born”
entrepreneur? Scott Shane examines
whether a person’s genetic makeup could affect their inclination to start a
Michael McDerment of ThinkVitamin recently posted a great
article with advice on How To
Name Your Company. Evan Carmichael
of YoungEntrepreneur.com also provided a few
business naming tips of his own.
introduced us to Fundability – a website
that matches startups seeking seed capital with investors. While many websites also serve this general
purpose, Fundability claims to match startups with investors’ preferences with
an algorithm. Entrepreneurs looking to find investors can
use the service for a $50 fee (though there is a 30-day free trial).
Last week, Mashable also polled its readers, asking “What Would You Want to
Invest in Online?” Mobile applications,
social networking, and online advertising topped the list.
Inc published The
Nuts and Bolts of Entrepreneurship. A
key insight from the article:
“Real entrepreneurs grab an idea and start moving—and adapt their vision of the
business as they go.”
And finally – courtesy of VentureCyclist – we got a laugh
from VCWear.com’s venture capitalist parody