Entrepreneurship

How to run a cash-only practice and thrive [2010]

"Forrest's practice, which he named Access Healthcare, is cash-only. He does not accept insurance or Medicare and won't file reimbursement paperwork for patients. He sees, at most, 16 patients a day and goes home by 5 p.m. His minimum annual income nearly doubles that of a typical family physician in his region, according to Medical Economics 2009 compensation survey. His estimated net pre-tax income is between $270,000 and $495,000 a year and he doesn't require patients to pay a 'concierge' or membership fee to establish at his practice." Continue reading →

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Alfred Anaya Put Secret Compartments in Cars. So the DEA Put Him in Prison

"The technically savvy are on notice that they must be very careful about whom they deal with, since calculated ignorance of illegal activity is not an acceptable excuse. But at what point does a failure to be nosy edge into criminal conduct? The challenge for anyone who creates technology is to guess when, exactly, they should turn their back on paying customers. Take, for example, a manufacturer of robot kits for hobbyists. If someone uses those robots to patrol a smuggling route or help protect a meth lab so that traffickers can better evade law enforcement, how will prosecutors determine whether the company acted criminally?" Continue reading →

Continue ReadingAlfred Anaya Put Secret Compartments in Cars. So the DEA Put Him in Prison

Former MSNBC host Dylan Ratigan, now organic farmer, thanks marijuana growers for hydroponics

"Former MSNBC host Dylan Ratigan thanked comedian Tommy Chong and marijuana growers for perfecting hydroponic farming technology. 'I’d like to issue a letter of gratitude to Tommy and all the hydroponic marijuana growers in the world,' he said on The Young Turks. 'Much as porn made the Internet, the cutting edge of hydroponic lighting and water flow and nutrient film technique that really has been been perfect as a result of the marijuana industry is the very techniques that we are now benefiting from to yield incredibly nutritious kale, bok choy, swiss chard, basil, bell peppers — you pick it. So, Tommy, thank you.'" Continue reading →

Continue ReadingFormer MSNBC host Dylan Ratigan, now organic farmer, thanks marijuana growers for hydroponics

The Management-free Organization

"Recently I heard that Valve, a highly successful video game company, has four hundred employees and no management structure. According to all reports, they make that model work. I spent a lot of time trying to imagine working for a company with no management. How do they resolve conflicts, set priorities, measure performance, fire laggards, and all the rest? I couldn't picture it working. Keep in mind that I earn my living by shouting that management is mostly worthless, yet even I couldn't accept the idea that management is 100% unnecessary. I was skeptical." Continue reading →

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What does crowdfunding replace or displace?

"Look at the sum of these trends. If a startup has a successful crowdfunder, its bargaining power with the VCs increases in two ways. First, it’s going to be less desperate for capital than a company that can’t run out and do another crowdfunder for the next product. Second, the VC’s uncertainty about its ability to build and sell will be reduced. These changes will both increase the startup’s ability to bargain for doing things its way and reduce the VC’s pressure for an early IPO. At the extreme, we might end up with a new normal in which VCs compete with each other to court startups that have done successful crowdfunders, neatly inverting the present situation." Continue reading →

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An Investment that Thrives, Even in a Weak Economy

"New mechanisms for productivity help drive existing businesses to be more efficient, and that is always in demand – especially during tough economic times. And, yes, the last 20 or 30 years of R&D is really just starting to peek its head into the markets. Everything from robotics to genetics to artificial intelligence are just now making their way to true commercial viability. The last five years of economic fear have created an innovation vacuum at the top of the tech stratosphere. This has opened opportunities for startup companies to seize upon the reticence of their much larger competitors." Continue reading →

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Idea is floated for a start-up colony anchored in the Pacific Ocean

"Two Silicon Valley entrepreneurs, frustrated by the shortage of visas that keep some of the world's brightest science and engineering minds from building companies on dry land, have hatched a plan to build a start-up colony in the middle of the Pacific. They plan to park a cruise ship 12 nautical miles off the coast of Northern California in international waters. Foreign-born entrepreneurs would live and work on the ship, building start-ups within commuting distance of Silicon Valley. They wouldn't have to get work visas that are so hard to come by. They would just need business tourism visas that would let them ferry back and forth to Silicon Valley." Continue reading →

Continue ReadingIdea is floated for a start-up colony anchored in the Pacific Ocean

3D Printed Guns (Documentary)

"This is a story about the rapid evolution of a technology that has forced the American legal system to play catch up. Cody Wilson, a 24 year old University of Texas Law student, is an advocate for the open source production of firearms using 3D printing technology. This makes him a highly controversial figure on both sides of the gun control issue. MOTHERBOARD sat down with Cody in Austin, Texas to talk about the constitution, the legal system, and to watch him make and test-fire a 3D-printed gun." Continue reading →

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Chicago now home to nation’s largest vertical farm

"An formerly abandoned warehouse in Chicago is now home to the nation’s largest hydroponic vertical farm. FarmedHere LLC opened the 90,000-square-foot farm in Bedford Park on Friday. The facility utilizes aquaponics, a sustainable system that combines raising fish with growing soil-free plants. The vertical farm is expected to produce more than 1 million pounds of basil, arugula and mixed greens. Thanks to a partnership with Windy City Harvest, an urban agriculture training program, the unique farm is also expected to create 200 jobs for young adults in Chicago." Continue reading →

Continue ReadingChicago now home to nation’s largest vertical farm