The Creative Economy

By guest author Soren Petersen

When you use creative professionals, you can achieve huge monetary as well as emotionally gratifying results. When these teams are successfully managed, profits from creative teams grow exponentially. One example is Apple’s value growing 1000% over the past 10 years. However, it takes a proactive effort. If you give up control and hope for the best, you are on the sure road to losing money faster than in a depression. Studies show that for experienced companies, new products fail at a rate of 35% to 40%. For new firms, the average fail rate is 90%.

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Catching Up On Readings: Gearing Up For An Exciting Fall

We at the blog and 1M/1M have a lot planned for readers and entrepreneurs as we move into fall, so stay tuned! We wish all readers in the United States a good Labor Day weekend. Click on the full article to read this week’s posts.
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Partner Event: Startup Weekend Hyderabad On September 2nd-4th

Startup Weekend Hyderabad will be held this weekend, from September 2 through September 4, at ISB (Indian School of Business) in Hyderabad. This intense 54-hour event brings together people with different skill sets – primarily software developers, graphics designers and business people – to build applications and develop a commercial case around them. You can find more details and REGISTER HERE.

Catching Up On Readings: A Tribute To Steve Jobs

As many readers will know, Steve Jobs resigned as CEO of Apple this week. Here my thoughts on Steve and his work.
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Catching Up: New 1M/1M Series

This week marks the start of a new series that asks common questions you as an entrepreneur may have. Beginning with Does Your Region Experience Brain Drain Of Technology Entrepreneurs?, each day we discuss a different facet of entrepreneurship and how 1M/1M can help entrepreneurs launch their businesses.
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Is Your Region Full Of Savvy Entrepreneurs?

By guest author Irina Patterson

Unless you’re based in Silicon Valley, I don’t think so. Many economic development organizations and incubators spend considerable time and money to attract savvy entrepreneurs to their regions.

Sometimes, they manage to get entrepreneurs from another state or even another country to move to one of their regional incubators. But all the while, their local entrepreneurial potential remains an untapped resource.

Who are those unrealized entrepreneurs that exist in great numbers in every region? Well, they come in different flavors.

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Partner Event: TechSparks 2011 In Bangalore On August 19

YourStory.in and Intel invite you to be a part of TechSparks™ 2011 – India’s biggest discovery platform for product technology startups. Witness the pitches by the 20 most innovative technology companies being built out of India, all vying to be the top 5 TechSparks™ for 2011. The Grand Finale will be held on Friday, August 19, 2011, from 10:30 a.m. to 5:30 p.m. at IIM Bangalore. You can find more information and REGISTER HERE.

2011 Innotribe $100K Startup Challenge

The 2011 Innotribe $100K Startup Challenge presents an opportunity for startups in banking, payments, securities, trading, social media, big data, security, identity, mobile, small business & IT infrastructure to introduce themselves to over 9,700 banks and corporations, and win one of two $50K prizes. 10 finalists will pitch to an invitation-only audience at Sibos on September 21, 2001 in Toronto. If interested, you need to apply by August 14, 2011 here.