Entrepreneurship

I Am Young Detroit: Andy Didorosi

"Andy Didorosi is a serial social entrepreneur. He’s founded several ventures including Paper Street, Detroit Bus Company, The Thunderdrome, and Wireless Ferndale. He started working when he was sixteen, buying and selling auction cars. He would buy them really cheap and spend a long time fixing them up and sell them for a lot more online through Craigslist. At the same time he’d be working at a little Italian restaurant bussing tables, but realized it wasn’t for him. 'I’m a terrible, terrible employee,' he says, 'I could never work for anybody ever again.' Detroit is better off with him doing his own thing anyway, because he’s helping to fill in a few of the gaps the city has failed to." Continue reading →

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Doug Casey: “We’re Still In The Midst Of The Biggest Bubble In World History”

"We’re still in the midst of the biggest bubble in world history. It’s bigger than the tech stock market bubble around the turn of the century. It’s bigger than the real estate bubble…[it's] the bond bubble. With interest rates ranging from zero to a few percent—this is the biggest bubble in history and when it collapses, it’s going to be catastrophic because the bond market is so huge. It’s much bigger than the stock market is. [..] We’re pretty close to the edge of the precipice…it’s fascinating to watch but I can’t be optimistic about the next few years…[but] that doesn’t mean the world is going to come to an end—It just means it’s going to be reorganized.” Continue reading →

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Would you like unlimited days off?

"The practice is gaining ground in places like Silicon Valley, where start-ups spring up like weeds and venture capitalists who have never seen a timecard make little if any distinction between 'work' and 'nonwork' time for themselves or their employees. For employers, the benefits of unlimited vacations include not having to use staff time to track and record vacation hours. There’s no need to pay employees for their 'accrued' vacation time if they leave; they don’t accrue any. Among the companies that have already put an unlimited vacation policy in place are Netflix; Best Buy; Zynga, the online game maker; and Rodale, the magazine publisher." Continue reading →

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New crowdfunding site JumpStart Fund hopes to launch new startups

"The new platform called JumpStart Fund, marrying crowd-sourcing with crowdfunding, comes from the California-based online community called Jumpstarter, which has been involved in matching investors with technology opportunities. JumpStart Fund was designed to be an online community where people can share ideas and build businesses based on patented technology, with individuals getting stakes in startups based on what they bring to the mix. JumpStart is working with federal research labs holding thousands of patents deemed public property because they were paid for with tax dollars and is reaching out to US universities and private facilities." Continue reading →

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Dubai’s gold trade waits on India windfall

"UAE’s gold and jewellery trade aims to be a direct beneficiary as India imposes further controls on domestic consumption of the metal in all its forms. But the spin-off for local jewellers will not be confined to tapping demand from Indian shoppers who want to make use of the growing price differential. 'We have heard reports about new controls on gold purchases in Pakistan and higher taxes elsewhere in south-east Asia, all of which significantly raises the attractiveness of buying jewellery here and then taking it back to their home countries,' said Shamlal Ahmad, director of international operations at Malabar Gold and Diamonds." Continue reading →

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Boardwalk Violinist vs. City Hall: Challenging Ocean City’s Noise Ban

"Ocean City, Maryland is known for a bustling boardwalk that's packed with the sights, smells, and sounds of summer. The city's leaders, however, approved an ordinance prohibiting anyone from being audible from more than 30 feet away while on the boardwalk. Mayor Rick Meehan tells Reason that the goal was 'to ensure that everybody had an opportunity to enjoy Ocean City.' But that wasn't how William Hassay saw it after being hassled by cops. Hassay has been entertaining passersby for almost 20 years by playing his violin for tips. 'I was told I would be cited and that I would be subjected to face jail time,' he says." Continue reading →

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New turbine to capture energy from both wind and waves slated for testing

"A Japanese company is set to test a new power generation system which -- for the first time -- should harness the energy of both the sea and the wind to feed the demand for electricity on land. That's the dream of chief visionary Takuju Nakamura, anyway. At the Tokyo headquarters of his company, Modec, Nakamura explained that the new turbine design should generate about twice as much power as a traditional wind turbine of the same diameter. Nakamura explained that 80 to 90 percent of the power generated would come from the large wind-catching turbine floating over the sea, with another underwater turbine expected to produce the rest." Continue reading →

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Bitcoin Roundtable: Jeff Berwick, Trace Mayer, Jason Burack and Gabe Sukenik

"Trace Mayer, JD is an angel investor in Bitcoin and Bitcoin companies and he also runs RuntoGold.com and HowtoVanish.com. Get your free beginner's ebook about Bitcoin by Trace Mayer here: https://www.coindl.com/page/item/242 Jeff Berwick is a tech entrepreneur, investor and businessman who has founded many successful companies. Gabe Sukenik is a director at the Bitcoin startup Coinapult which is involved in the Bitcoin supply chain. Jason Burack runs the podcast Wall St for Main St you can visit the website here: http://www.wallstformainst.com/" Continue reading →

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Buttercoin Uses Bitcoin To Attack The $500B-A-Year Remittances Economy

"The World Bank estimates that migrants will send about $515 billion to relatives in developing countries by 2015, which is about 10 times the size of the U.S.’s budget for foreign aid. The old stand-bys like Western Union can charge around 10 percent for transactions in the market, an amount that Buttercoin co-founders Cedric Dahl and Bennett Hoffman find obscene. Buttercoin plans to open in India within the next three months and then to operate in six countries in nine months’ time. When they enter a market, they pair with local money transfer businesses to have legal compliance in the country." Continue reading →

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