Entrepreneurship

Granite State ‘Bitcom’ trio counting on virtual currency Bitcoin

"Their invention, the Bitcoin Machine, is gaining widespread attraction within the community of Bitcoin users after its debut at the third international Bitcoin conference, 'The Future of Payments,' in San Jose, Calif., May 17-19. The machine allows users to insert currency into a bill validator, a common component of any vending machine. The machine calculates the value of the currency and displays a QB code (those fancy bar codes that mobile devices can read). Customers 'read' the QB code with their mobile device, and Bitcoins are deposited into their virtual 'wallet' based on the value of Bitcoin per dollar at that moment." Continue reading →

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Homeland Security Seizes Funds Associated with Dwolla Account of Bitcoin Dealer Mt. Gox

"The Department of Homeland Security has served a court order to the money exchange service Dwolla, in regard to its dealings with Mt. Gox. Earlier today, I reported on news that the Department of Homeland Security ordered the money transfer firm from transacting with the Bitcoin dealer Mt. Gox. More details are now emerging. A representative for Dwolla told Betabeat that, 'The Department of Homeland Security and U.S. District Court for the District of Maryland issued a ‘Seizure Warrant’ for the funds associated with Mutum Sigillium’s Dwolla account (a.k.a. Mt. Gox).'" Continue reading →

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First major hemp crop in 60 years is planted in southeast Colorado

"Springfield, Colo., farmer Ryan Loflin on Monday planted the nation's first industrial hemp crop in almost 60 years. Loflin's plans to grow hemp already have been chronicled, and Monday's planting attracted the attention of more media in southeastern Colorado and a documentary film crew. Its cultivation in small test plots became legal last year under a Colorado law. The passage of Amendment 64 in November allowed commercial growing, even though hemp, like marijuana, is illegal under federal law." Continue reading →

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Medbox: Dawn of the Marijuana Vending Machine

"'We are in the right place at the right time,' says Bruce Bedrick, a 44-year-old chiropractor, occasional pot user, and chief executive officer of Medbox (MDBX), maker of one of the world’s first marijuana vending machines. 'We are planning to literally dominate the industry.' Medbox’s core product resembles a Redbox DVD dispenser, only it’s black, refrigerated, and armored. Bedrick avoids the term vending machine because you can’t just saunter up to a Medbox, put in a few bills, and walk away with a stash of weed. The devices sit behind sales counters at state-licensed marijuana dispensaries." Continue reading →

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Donald Trump gets into crowdfunding

"Donald Trump is putting his stamp of approval, but not his name, on a new crowdfunding platform that is scheduled to launch tomorrow. He's also an investor in the site, and each week will personally contribute to one or more projects that strike his fancy. FundAnything projects could include tech inventions, new uniforms for a school sports team, helping out someone with a medical emergency, etc. Not only will Trump personally back new projects each week -- tomorrow he'll unveil the recipients of his first personal investments -- but he'll also promote those choices via his Twitter feed (which currently has 2.2 million followers)." Continue reading →

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Open a Business in Chile in One Day, Over the Internet, for Free

"Can you really form a business in Chile in just one day, over the internet, and for free? About three months ago, Chile’s pro-business government decided that they just weren’t doing enough for local and foreign entrepreneurs (the Chilean government already has several grants and programs available for new businesses) so they got together and voted to change the way the incorporation process works in the country, making it much, much easier to start a business in Chile than in just about any other country in the world. See more details here. Remember what happened to Hong Kong and Singapore when they made similar changes to their governments?" Continue reading →

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Mars One has 78,000 applicants so far—sort of

"Mars One, the private venture with the audacious goal of sending humans to Mars—permanently—as early as 2023 made a splash earlier this week when it announced that more than 78,000 people had applied for its 'astronaut selection program' just two weeks after starting to accept applications. Lansdorp is very pleased with the public response to the campagn, the first step in a long process to select the first four-person crew that Mars One plans to launch in 2022." Continue reading →

Continue ReadingMars One has 78,000 applicants so far—sort of

A Solar-Powered Plane Travels Light

"In 2003, Piccard approached European companies to sponsor what has become a $148 million project and began assembling a team of 80 engineers and technicians plucked largely from Swiss universities. After seven years of tinkering, they arrived at a machine with a deceptively simple design: Solar Impulse—with its sleek, clean lines, white-gloss finish and rakishly angled 208-foot wings (bent to increase the plane's stability)—resembles what you might get had Steve Jobs reimagined a child's balsa-wood glider in giant form." Continue reading →

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Starting an online store in Greece is no easy business

"It took 10 months, a fat bundle of paperwork, countless certificates, long hours of haggling with bureaucrats and overcoming myriad other inconceivable obstacles for one group of young entrepreneurs to open an online store. Antonopoulos and his partners spent hours collecting papers from tax offices, the Athens Chamber of Commerce and Industry, the municipal service where the company is based, the health inspector’s office, the fire department and banks. At the health department, they were told that all the shareholders of the company would have to provide chest X-rays, and, in the most surreal demand of all, stool samples." Continue reading →

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Patent Claims Causing Firms to Exit Business Lines: Study

"Patent demands are taking a big toll on technology companies, with results that range from forcing companies to tweak their products to exiting their business altogether, according to a Santa Clara University study. The study underscores the increasing difficulty of dealing with patent claims. Patents have become a major part of business strategy, with companies like Apple and Samsung battling each other in courts around the world in cases that could result in hundreds of millions of dollars in damages. The SCU report focuses on patent demands from companies that do not themselves make anything. Many detractors call them 'patent trolls.'" Continue reading →

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