Entrepreneur Dysfunctions in Cartoons: Paradigm Shift

Well, did you Google it? Definition of ‘Business Model’ The plan implemented by a company to generate revenue and make a profit from operations. The model includes the components and functions of the business, as well as the revenues it generates and the expenses it incurs. Definition of ‘Exit Strategy’ The method by which a

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Disrupting Cloud-Based Recruiting: SmartRecruiters CEO Jerome Ternynck (Part 6)

Sramana: How do you compare to SuccessFactors? Jerome Ternynck: They are a lower version of Taleo that ventured into recruiting in 2009. They have the same principles. This is a market that I know very well because I have been in it so long. Sramana: What is the sales cycle like? It sounds like you

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Catching Up On Readings: Value of a College Degree

This Business Insider feature, through some interesting graphs, highlights the value of a college degree in the modern economy. People with degrees have not experienced real wages, in contrast to everyone else. For this week’s posts, click on the paragraph links.

Thought Leaders in Online Education: Peter Hirst, Executive Director of Executive Education, MIT Sloan School of Management (Part 7)

Sramana Mitra: They’re used to texting non-stop. One form of social interaction could be just having an instant messenger and they’re doing their group study that way. There’s one other thought that comes to my mind in relation to the media industries parallel that we touched upon earlier. There is this whole thing happening in

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Bootstrapping a Fun Social Business: Paint Nite CEO Dan Hermann (Part 5)

Sramana Mitra: All the online ticket processing happens through your central website? Dan Hermann: Yes. Sramana Mitra: Is this self-financed? Dan Hermann: That’s one of the really great things about this business. We’re completely self-financed. Our financing engine is based on the fact that people purchase a ticket for a future event, but they don’t

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Disrupting Cloud-based Recruiting: SmartRecruiters CEO Jerome Ternynck (Part 5)

Sramana: When did you reach the $5 million mark? Jerome Ternynck: We passed that mark some time ago. From a revenue standpoint, it hasn’t been our focus in that we really want to build a tool that people love using. Sramana: If you are a venture funded company, you must focus on revenue. Jerome Ternynck:

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Thought Leaders in Online Education: Peter Hirst, Executive Director of Executive Education, MIT Sloan School of Management (Part 6)

Sramana Mitra: It starts to get very tricky because we also have weekly roundtables, which are live sessions where people are gathering from all over the world. They are networking. It’s like a class. There’s instructors and students. There’s networking and relationship-building. All of that phenomenon can, to a degree at least, be simulated online.

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Bootstrapping a Fun Social Business: Paint Nite CEO Dan Hermann (Part 4)

Sramana Mitra: How many people showed up? Dan Hermann: We essentially got our friends and family to attend. We were gauging their reactions. Both of us wanted to dip our toes into the business. We had intentionally chosen a business that we thought we could try without having to spend a ton of money. The other thing

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