So you’ve incorporated or formed an LLC for your business. What’s next? After spending time and energy deciding which business structure to form and when to do it, you now have another set of questions to answer.
As the baby boomers hit – and pass – the (formerly) standard retirement age, the global workforce will need to continue absorbing the dramatic rise in employees over 65 for the next 10 to 20 years. A company in South Korea has found the solution to that problem; EverYoung, a technology services firm, only employs those over 55 years’ old.
Digital marketing evolves every day and companies often fizzle out because they either couldn’t or didn’t want to keep up with changes in marketing. For startups, digital marketing is even more essential to a successful business.
Working in a startup environment, life is – by nature – a little unsettled. Casual small-talk questions like ‘how are things going?’ or ‘how’s work’, can often lead to doubting success, personal or professional. With startups, these are often one and the same.
The Flash took favorable note of recent U.S. Census Bureau data showing that, although the growth rate of new businesses overall has stalled, the share of women-owned small businesses has climbed. Indeed, the number of women-owned businesses grew at a 27% clip between 2007 and 2012 – during which time the total number of U.S. businesses grew by only 2%. This is very encouraging in light of the challenges the startup community has faced in boosting the number of companies founded by women entrepreneurs.
Google last week announced its formation as an entirely new company, called Alphabet. It’s a corporate maneuver in which Google will become part of Alphabet. Google CEO and co-founder Larry Page will step down from the top post at Google proper and become CEO of Alphabet. Fellow Google co-founder Sergey Brin will become Alphabet’s president. Longtime Google executive Sundar Pichai is now Google’s CEO.
The Flash certainly took interest when benchmarking firm Compass, last week, released its global ranking report on startup ecosystems. The ranking of global regions is based on how well areas nurture top tech talent, host profitable businesses and expand into foreign markets. Silicon Valley continues to be the leading region for tech startups, but other cities are quickly climbing the ranks. New York City jumped three spots to take second place and Tel Aviv, also jumping three spots, moved into the top five. The Flash is interested to see if other regions will be able to give Silicon Valley a run for its money in the near future.
The Flash also checks in with Buffer, the social media management company that is on a quest to create a self-managed workplace culture. A $7 million startup with zero managers? Talk about transparency…
These and more in this week’s edition of The Flash!
- The Best Place for Tech Startups: Still Silicon Valley…For Now (ReadWrite)
- Behalf Lands Credit, Equity as Funding for Lending Startups Hits Record (WSJ)
- Uber faces UK lawsuit as union threatens to sue over working conditions (Bloomberg)
- Buffer, the social media management company, is on a quest to create a self-managed workplace culture. Talk about transparency (Inc)
- Amazon CTO: ‘We still consider ourselves a startup’ (Entrepreneur)
- Why is Elon Musk worried about killer robots? (Slate)
Here comes the All-Around Entertaining App! The on-demand subscription music service Spotify first won our hearts by giving us access to all the tunes we wanted. Now it’s looking to take on bigger competitors (we’re looking at you, Apple), and is rolling out a new app that seeks to make the company an unlimited source of video and podcasts. The Flash certainly took note of this aggressive move. We also applauded the re-entry of Scott McNealy to the entrepreneurial ring – the former Sun Microsystems CEO (and tech/SV rock star) announced this week that he’s taking the reins at Wayin, a social marketing startup he co-founded five years ago.
The Flash looks at these and other stories. Check it out!
- Spotify wants to be your endless source for video and podcasts, too. (Gizmodo)
- Scott McNealy is back in the game – this time heading up social marketing startup Wayin. (Fortune)
- Why are small businesses around the country rushing to have an IPO? Easy: it’s easy! (Washington Post)
- 38 new emojis come out next month – look for ‘bacon’ and ‘drooling face’ (Entrepreneur)
- The world’s largest startup accelerator – MassChallenge – announces plans to expand globally. (PandoDaily)
- Retail brands that failed can get new lives online as entrepreneurs launch them anew on the web. (Wall Street Journal)
- MuleSoft hits a valuation of more than $1.5 billion for its startup that helps firms organize their data. (Bloomberg Business)
Uber Technologies, the SF-based ride-sharing company, is looking to raise between $1.5B and $2 billion in new funding. What’s the company valuation for that ambitious funding, you ask? Try $50 B-,B-,B- Billion … that’s a lot of unicorns…What will Uber do with all that money? Poach talent, for starters: Google’s PR chief received an offer she couldn’t refuse.
The Flash also kicks back with some longer reads, checking out The New Yorker profile of Silicon Valley giant Marc Andreessen and the California Sunday look at the slew of high school entrepreneurs/dropouts descending on San Francisco.
Check out these stories and more in The Flash!
- Uber briefs investors on plans to raise up to $2B – based on a funding valuation of $50B or higher (Wall Street Journal)
- What to do with piles of cash? Poach PR talent to manage the CEO’s image do-over, Uber decides (Wall Street Journal)
- Longform: Marc Andreessen has a vision for the future of venture capital and his firm Andreessen Horowitz – not to mention The World (New Yorker)
- Longform: Tech-savvy teens are dropping out across the U.S. and heading to SF to pursue their entrepreneurial dreams (California Sunday)
- SV payments company Square is expanding its lending efforts to small businesses by raising funds for Square Capital, its loan-making section (Fortune)
- America’s transportation infrastructure would benefit from an influx of entrepreneurs (Harvard Business Review)
- Plenty of billion-dollar startups, but so far no billion-dollar entrepreneurs (Venture Beat)
Online crafts seller Etsy debuted on Wall Street last week, and The Flash certainly took notice. In addition to the company’s volatile stock movement, The Flash learned a few interesting tidbits about this hot company: Etsy is the largest B-Corp to go through the IPO process, and the company has NEVER turned a profit (and may never do so…). The JOBS Act – a long-time FWB fave for its potential to help emerging growth companies – continues getting favorable coverage for crowdfunding and other programs. We also check in with leading VC firm Andreessen Horowitz after its recent hiring of Facebook’s former GC, who will help startups with regulatory and legal challenges.
Get these and more in The Flash!