How Much Is An Entrepreneur’s Time Worth?

By guest author Irina Patterson Ms. Sramana Mitra, the owner of this blog and founder of 1M/1M, interviewed hundreds of successful technology entrepreneurs, many of whom are her good friends. All of them built successful multi-million dollar technology companies by trial and error. Many made mistakes that easily cost them a few million dollars in lengthy

Read Full Article »

Does Your Region Experience Brain Drain Of Technology Entrepreneurs?

By guest author Irina Patterson For the past three decades, serious technology entrepreneurs have come to Silicon Valley to seek help with their early-stage businesses. Ms. Sramana Mitra, the owner of this blog, founded the One Million by One Million program (1M/1M) so that they wouldn’t  need to come to Silicon Valley. 1M/1M is a global

Read Full Article »

Forbes Column 2009: Capitalism’s Fundamental Flaw

You cannot help the poor by destroying the rich. You cannot strengthen the weak by weakening the strong. You cannot bring about prosperity by discouraging thrift. You cannot lift the wage earner up by pulling the wage payer down. You cannot further the brotherhood of man by inciting class hatred. You cannot build character and

Read Full Article »

Capitalism 2.0: Welfare

While I do not believe in a welfare state, I do think the welfare has a role to play in Capitalism 2.0. I have always felt that welfare should be the absolute last resort, and still stand by that point of view. Nonetheless, that last resort is a necessary piece of a sustainable system.

Capitalism 2.0: Spending

NY Times reports, “In a series of comments in recent weeks, Mr. Obama has begun to sketch a vision of where he would like to drive the economy once this crisis is past. His goals include diminishing the consumerism that has long been the main source of growth in the United States, and encouraging more

Read Full Article »

Forbes Column 2009: An Innovation Conundrum

Zero In on Forbes this week synthesizes some of the Capitalism 2.0 discussions and offers the possibility of value creators going on strike. Read An Innovation Conundrum.

Capitalism 2.0: Credit

As I have been dialoging with friends and colleagues on Capitalism 2.0, Sridhar Vembu, CEO of Zoho, wrote in response to Capitalism 2.0: Value Creation vs. Value Destruction : “I have a somewhat different take; I believe easy credit from Federal Reserve + leveraged speculation (i.e speculating with borrowed money) create a toxic combination that

Read Full Article »

Capitalism 2.0: Excess, Hedonism, Value

We have discussed the role of the creator versus the role of the speculator. Let’s also discuss what are the outcomes of compensating creators over speculators. I would submit, speculators tend to have a less than compelling vision about what to do with wealth, whereas creators often have equally creative ideas about how to continue

Read Full Article »