Yahoo just nominated Marissa Mayer to try to steer back Yahoo on the growing path, giving her a more than hefty salary package, which could go up to more than $30 Millions ! Did the board of directors finally make a wise choice after a series of very pricey mistakes ? Time will tell !
But Yahoo is not the only company whose board of directors have kept making big mistakes over the past years : among the winners are RIM (Blackberry) and Hewlett Packard, slowly disintegrating into a banal company.
Discover in the great infographic below the 5 worst managed american companies of the last 2 years, and how poor management decision steered them toward trouble !
The Startup Genome association analyzed and scrutinized more than 3,000 high tech startups all over the world to understand patterns of success and failures, and understand the ecosystems they evolve in.
Out of their study and thanks to the great visualization site visual.ly, an amazing infographic will help clarify key components in the success of a startup, and why failures often come from one of them missing.
The most common reason for failure ? Premature scaling. For the rest, take a look below and don’t forget to read this excellent Techcrunch’s article
“The Global Innovation Index” is just out, and its results concerning the United States are very positive: despite some flaws in the American policies, the U.S. stay very competitive in terms of innovation. Only in two of the seven innovation-spurring areas are the U.S. slower than western European countries and Asian major economic cities. And even there they are still ranking better than a lot of the fifty-five countries studied in this report. Continue reading
The “valley of death” is ” the “dragon” of most entrepreneurs, a phase one dreads the most. It is the period during which an early stage company is developing its technology (or a proof of concept), its market, its offer and strategy, burning the few dollars it has in the bank at a high rate while not fueling the tank at the same time. At that time, the company is at its most vulnerable state financially, and in order to survive has to attract enough customers or investors to help it “cross” this valley of death.
As a sign that times are getting harsher for entrepreneurs, the height of the valley kept growing for the past 20 years. Continue reading
Dear Friends, March is off to a flying start and great news and events about entrepreneurship keep blooming ! On the finance side we just got a hold of new data on angels investment in 2011, and a few surprises awaited us in the Halo Report. Indeed, if California still leads the pack with 21% of total investments, a couple of regions are on its trail ! Surprisingly, it’s Michigan that takes the second place with 16% of investments, followed closely by New England (14.6%). What is remarkable is how angels groups are active throughout the whole country, Continue reading
Dear friends, it looks like startup funding is being debated a lot lately, as different ecosystems are battling for the best spot, and that more and more startups are competing for the same amount of money. The new crowdfunding bill, that easily passed the senate a few months ago, was supposed to open a lot of new opportunities for young companies. Unfortunately, it is now stuck in the Senate, because its opponents feel that it has to be much more regulated before being made legal ! Continue reading
The part 1 paper addresses the issue of US manufacturing and innovation. After Obama’s Advance Manufacturing Program initiative last year the author notes that little impact in both the US manufacturing industry and the literature has been observed. The AMP looks presently outdated by the recent figure regarding the manufacturing world share : China is turning the leading country with 19,8% and has overtaken the U.S. with 19,4%. The article explores two ambivalent trends underlying the globalization in manufacturing : (1) the propensity of US firms to outsource manufacturing in China, making the business of US firms very profitable (cf. Apple) and the customer satisfaction higher, making the US trade deficit with China acceptable, and (2) the propensity to transfer innovation capability to China when manufacturing is located there, preventing the US manufacturing firms to do so. (to be continued)
Read the full article (in French)
After trailing far behind other Universities like MIT or Babson College, it seems like Harvard is really willing to catch up in the race for entrepreneurship. After opening their Innovation Lab a couple of months ago, the University decided to go further and launched an experiment fund that will provide up to $250,000 in seed fund, mainly to student-led teams in Cambridge, MA. That’s a big move for the university, that certainly doesn’t want to see the next Marc Zuckerberg leave the campus for the Silicon Valley ! Continue reading
16th edition of the European Career Fair (ECF): what about the attractiveness of Europe for Scientists ?
Your favorite team of the Office of Science & Technology was at the MIT European Career Fair day on Saturday, January 21st, at the French Embassy booth. The MIT ECF is the biggest event of its kind, gathering more than 100 companies, research organisations and universities from all over Europe, and attracting 4 000+ job seekers. Continue reading
Finally ! After taunting us for more than a year, Facebook finally filed with the Securities and Exchange commission, announcing an IPO that should be done around May. The goal would be to raise 5 billion and if the company is correctly valuated at $100 billions, then Marc Zuckerberg would be worth more than $28 billions ! But who else owns Facebook and how much are they worth ? That’s the question that Techcrunch answers ! Continue reading