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Monthly Archives: March 2011

Early-stage activity lowest since 1977

At WSJ’s Real Time Economics blog, Justin Lahart reports on Census Bureau data that indicate the most recent recession has been exacerbated by a dearth of start-up activity, which is down 17.3% from a year ago and is the lowest level since records began in 1977.  Even more worrisome is the fact that the slowdown in investment activity in the last three years is far worse than we have experienced in … Continue reading

Fail the right way

  “Ever tried. Ever failed. No matter. Try Again. Fail again. Fail better.” Samuel Beckett – Worstword Ho Irish playwright and Nobel Laureate In a recent Working Knowledge, Carmen Nobel interviews Harvard Professor Shikhar Ghosh about Why Companies Fail – and How Their Founders Can Bounce Back. Professor Ghosh describes three categories of “failure” for start-ups, and estimates the occurrences of each: 1. Liquidate all assets, investors lose most/all money: … Continue reading

The Magic of Startups: Jobs

Kent Hoover at helps make a critical distinction about the sources of job growth: it depends less on small businesses than it does on new small businesses.  Hoover reports on the second annual “State of Entrepreneurship” address by Kauffman Foundation CEO Carl Schramm: “The widely repeated claim that small businesses are the vital source of new jobs isn’t supported by the facts,” (Schramm) said. “It may sound good on the … Continue reading

Unapologetic rules for game-changing entrepreneurs

John Mauldin’s Outside the Box column at includes the introduction (with the author’s permission) to Andy Kessler’s latest book,  Eat People and Other Unapologetic Rules for Game-Changing Entrepreneurs The Wall Street Journal offered both a review and a video summary: Mr. Kessler’s heroes are the “free radicals” who not only create wealth but improve the world by increasing everyone’s standard of living – the only (he argues) satisfactory definition … Continue reading

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