Over the last year, a number of my UBC Faculty of Management students have asked…
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If you thought that Google Glass was the only wearable backed by one of tech’s mega corporations, think again. Intel’s investment arm has now ponied up a “significant” investment into Recon Instruments, makers of the Jet heads-up display for extreme sports. While neither party has disclosed how much cash Intel has thrown Recon’s way, the release does reveal that the Intel Capital will be sharing its expertise in “manufacturing, operations and technology” in addition to its checkbook. While it’s far, far too early to presume that we’ll see Santa Clara dive head-first into the wearables market, we’re going to be watching this partnership with extreme interest.
It appears the creators of Candy Crush Saga are ready to cash in on the success of the simple three-of-a-kind matching game.
King, the British company behind the Candy Crush Saga as well as a slew of other social games, has submitted paperwork for an initial public offering to the US Securities and Exchange Commission (SEC), according to the Telegraph. The UK-based technology company is expected to trade on the US’s Nasdaq exchange, and garner a value of more than $5 billion.
I will sanitize this Silicon Valley story. A very large technical workstation company tried to bully a smaller workstation company I worked for. The big company was OEM’ing the small company’s superior technology. The big company stopped paying their bills, running up a huge delinquent payable amount, believing they could leverage the small company into additional concessions. We met with them secretly over Thanksgiving in our offices. In an arrogant gesture, the big company tried to offer 1/3 of their delinquent payables. We literally threw the very large handwritten check back at them and told them to leave. A week later the full delinquent amount was paid, and they complimented us, saying “nothing had impressed them more, than when we threw the check back at them. The supreme irony was that the two senior execs who had flown from Boston to Silicon Valley to meet with us over the holiday weekend, never bothered to look at our financials before trying their arrogant scheme. We had $65 Million in cash in the bank.”
JEREMY GRANTHAM’S GOT A TRACK RECORD that’s impossible to ignore—he called the Internet bubble, then the housing bubble. While moves like those have earned the famed forecaster the nickname “perma-bear,” in early 2009 he also told clients at GMO, his $100 billion, Boston-based money-management firm, to jump back into the market. It was the same week that stocks hit their post-Lehman low. Now, however, the outspoken Yorkshireman, who is chief investment strategist at GMO, is making headlines with a new prediction: Dire, Malthusian warnings about environmental catastrophe. To hear him tell it, the world is running out of food. Resources will only keep getting more expensive. And climate change looms over it all. Indeed, at times he sounds like someone Greenpeace would send door-to-door with a clipboard. (He’s not above likening the coal-industry spin to the handiwork of Goebbels.) If it were anyone else, Wall Street would probably laugh him off. But because it’s Jeremy Grantham, they just might listen.
With the cost of starting and operating a company dropping precipitously, where do Venture Capitalists fit in, if at all? How can they bring value to an up-and-coming business? As every aspect of our lives — and how we do business — changes from the impact of technology and the Internet, so must financing all of these disruptive dreams. This brings me to Andrew Chung of Khosla Ventures. He’s both an artist and entrepreneur, who breaks the mold of the stereotypical shark investor while financing groundbreaking technology that affects how we re-charge: intellectually, monetarily and literally (as in how we will power our lives).
In the late 1990’s, I participated in the creation of the “point-to-point tunneling protocol” (PPTP) with engineers at Microsoft and Cisco Systems, now an Internet Engineering Task Force (IETF) industry standard. PPTP is the technical means for creating the “virtual private networks” we use at UBC, by encrypting “open” Internet packets with IPSEC 128 bit code, buried in public packets. It was an ingenious solution enabling private Internet traffic that we assumed would last for a very long time. It was not to be, as we now know. Most disturbing, in the 1990’s the US Congress debated giving the government the key to all encryption, which was resoundingly defeated. Now, the NSA appears to have illegally circumvented this prohibition and cracked encryption anyway. But this discussion is not about the political, legal and moral issues, which are significant. In this post I am more interested in “so now what do we do?” There may be an answer on the horizon, and Canada is already a significant participant in the potential solution.
Not enough consideration is given to entrepreneurial character. What makes an entreprener successful, or may lead him to fail? Starting and growing your own business requires many skills to be successful. Take a look at the business personality types and find out what you need to succeed. Are you Bill Gates, a Visionary, or an Improver like Body Shop founder, Anita Roddick?
Your business personality type are the traits and characteristics of your personality that blend with the needs of the business. If you better understand your business personality, then you can give your company the best part of you. Find others to help your business in areas you aren’t prepared to fulfill.
There are 9 key types of personality and understanding each will help you enjoy your bss more and provide your company with what it needs to grow. This entrepreneur personality profile is based on the 9-point circle of the Enneagram. Begin identifying your dominant personality theme and understand how you operate in your business.