An IPO minor league in Hong Kong for startups

As many readers have pointed out, the IPO drought of the last decade has many causes beyond just decimalization of stock trading. Sarbanes-Oxley has made it significantly more expensive to be a public company than it used to be. Consolidation in the banking and brokerage industries have resulted in fewer specialists and hardly any true investment bankers surviving. The lure of derivatives trading and other rocket science activities on Wall Street have made IPO underwriting look like a staid and prosaic profession, too. Fortunately, people in positions of influence are finally starting to realise that there is no economic future for this country without new public companies.

One requirement of the JOBS Act, passed last April, […]

By |September 6th, 2012|2012|27 Comments
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Ticked off: How stock market decimalization killed IPOs and ruined our economy


Well it took me more than the one day I predicted to finish this column, which purports to explain that dull feeling so many of us have in our hearts these days when we consider the U.S. economy. Our entrepreneurial zeal is to some extent zapped. For a decade it seemed we needed to jump from bubble to bubble in order just to drive economic growth — growth that ultimately didn’t last. What happened? Initial Public Offerings (IPOs) went away, that’s what happened.

I wrote several columns on job creation over the last year, columns that explained in great detail how new businesses, young businesses, and small businesses create […]

By |September 5th, 2012|2012, Business, Economy, Entrepreneurship, Finance, Industry, Startups, Venture Capital|81 Comments
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Why hardly anyone in the U.S. economy feels prosperous anymore

A couple of years ago, in an obvious moment of poor judgement, the Kauffman Foundation placed this rag on its list of the top 50 economics blogs in America. So from time to time I feel compelled to write about economic issues and this Labor Day holiday in the U.S. provides a good excuse for doing so now. In a sense you could say I inherited this gig because my parents began their careers in the 1940s working for the U.S. Bureau of Labor Statistics. This first of two columns looks at employment numbers in the current recovery while the second will try to explain why the economy has been […]

By |September 2nd, 2012|2012, Business, Economy, Government|87 Comments
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Windows 8, Users 0?

Windows 8 is just over a month from hitting the market and my sense is that this initial release, at least, will be at best controversial and at worst a failure. Microsoft is simply trying to change too many things at once.

What we have here is the Microsoft Bob effect, where change runs amuck simply because it can, compounded in this case by a sense of panic in Redmond. Microsoft so desperately need Windows 8 to be a huge success that they’ve fiddled it into a likely failure.

Microsoft Bob, if you don’t remember its fleeting passage in 1995, was a so-called social interface for Windows intended to be used by novices. The idea was that Bob should be so intuitive as to […]

By |August 30th, 2012|2012, Companies, Computing, Tablets, Technology|118 Comments
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What’s a WeJIT?

This is the third in a series of columns about interesting new technologies.

Every few years something comes along to fundamentally change how we use the World Wide Web, whether it is online video, social networking, dynamic pages, or even search, itself. This week a new technology called WeJIT was announced that looks like something small but is really something big because it extends collaboration from specialized sites like wikis to everywhere HTML is used.  WeJITS are collaboration in a persistent link.

WeJITS come from Democrasoft, a company here in Santa Rosa that is best known for Collaborize Classroom, a cloud-based service used by more than 30,000 teachers to interact with students, deliver lessons from a global peer reviewed library, and even give […]

By |August 24th, 2012|2012, Breaking News, Education, Internet, Social Media, Technology|36 Comments
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