The Need For State-Based Innovation
Politicians and pundits constantly call for the government to step out of the way and let entrepreneurs and “job creators” build the industries of the future. New Left Project argues that this current conventional wisdom is all wrong, and more often than not, game-changing innovation is funded by the government, not the private sector:
The current debate, in the UK and abroad, on the need to cut back the state in order to unleash the power of entrepreneurship and innovation in the private sector, builds upon a stark contrast that is repeatedly drawn by the media, business and libertarian politicians: a dynamic, creative competitive private sector versus a sluggish, bureaucratic, inert, `meddling’ public sector.
It is assumed that the private sector is inherently more innovative, more able to think out of the `box’ and to lead a country towards long-run innovation-led growth. But many examples in the history of innovation, entrepreneurship and competition,…
Can You Get Paid $100,000 To Not Go to College?
Nadine Bells writes on Yahoo News:
It sounds like a teenager’s dream and a parent’s nightmare. Peter Thiel, PayPal’s co-founder, is paying 24 college-aged students $100,000 to just say no — to college.
For two years, winners of the 20 Under 20 Thiel Fellowship have focused on developing business ideas instead of heading to class.
The fellows will work in Silicon Valley with a network of more than 100 mentors where they “will pursue innovative scientific and technical projects, learn entrepreneurship and begin to build the technology companies of tomorrow,” the press release states.
So You Want To Start A Web Startup?
Some fun lessons for all you would-be web start up zillionaires, courtesy of James Yu.
How I Built It: Snoop Dogg to Open Snoopermarkets (Video)
Snoop Dogg talks to WSJ Small Business Editor Colleen DeBaise about his advice for would-be entrepreneurs. The part about his chain of Snoopermarkets is right at the end.
