Back in the spring of 2012 Congress passed the Jumpstart Our Business Startups Act (the JOBS Act) to make it easier for small companies to raise capital. The Act recognized that nearly all job creation in the U.S. economy comes from new businesses and attempted to accelerate startups by creating whole new ways to fund them. The Act required the United States Securities and Exchange Commission (SEC) by the end of 2012 to come up with regulations to enable the centerpiece of the Act, equity crowd funding, which would allow any legal U.S. resident to become a venture capitalist. But the regulations weren’t finished by the end of 2012. They weren’t […]
Equity crowdfunding finally arrives May 15th: curb your enthusiasm
Last chance to get a Mineserver™ for Christmas!
It took only two days for our three sons to reach their $15,000 Kickstarter funding goal and visions of building a kit car were dancing in their heads. Almost three weeks later, however, total pledges are just nearing $30,000, which puts profits more in the deluxe quadcopter range. Still good, but not a Manx dune buggy. But there is one more day to make your pledge — the only way to get a Mineserver™ or Mineserver Pro™ in time for Christmas.
Along the way we gained the attention of Mojang, owners of Minecraft, who didn’t like our logo so the boys held a contest with the winner (from Hamilton, New Zealand!) getting a […]
The KickStarter Paradox
Among the great business innovations of the Internet era are KickStarter and the many similar crowdfunding sites like IndieGoGo. You know how these work: someone wants to introduce a new gizmo or make a film but can only do so if you and I pay in advance with our only rewards being a possible discount on the gizmo or DVD. Oh, and a t-shirt. Never before was there a way to get people — sometimes thousands of people — to pay for stuff not only before it was built but often before the inventors even knew how to build it. From the Pebble smart watch to Veronica Mars, crowdfunding […]
Be a cloud storage tycoon with Google Nearline
Update — Reader Justin Fischer points out my math below is off. Interestingly I wasn’t the only reporter to make this mistake. Sorry.
If you have an entrepreneurial bent it’s hard not to see an opportunity to start the next big cloud storage company in last week’s Nearline Storage announcement by Google. I saw it immediately. So did Google make a big pricing mistake? Probably not.
Nearline storage usually means files stored on tapes in automated libraries. You ask for the file and a robot arm loads the tape giving you access to your data in a couple minutes. Google’s version of nearline storage is way faster, promising file […]
Entrepreneurism and the politics of hope
I’m an older guy with younger kids so to some extent I live vicariously through my friends, many of whom have children who are now entering the work force and some of those children can’t find jobs. We’re not in a recession, the economy is expanding, new positions are supposedly being added every day, but the sons and daughters of my friends aren’t generally getting those jobs so they are staying in school or going back to school, joining the Peace Corps., whatever. Everyone is rattled by this. Kids don’t want to move home and parents don’t want to have them move home. Student debt continues to increase. Everyone wants to get on with the lives they thought they […]
