The Ultimate Cheat Sheet For Starting And Runni... How Panda Express brings Chinese food to the mall - Feb. 5, 2013. Andrew and Peggy Cherng at a Panda Express in Rosemead, Calif.
(Fortune) Andrew Cherng: I was born in Yangzhou, China, two years after World War II ended. I was 5 when my family escaped to Taiwan. Eight years later, we moved to Japan. Peggy Cherng: I was born in Burma, and my family went to Hong Kong, where I grew up. Andrew: We went on to the University of Missouri, where I got a master's degree in applied mathematics. Wall Street is from Mars, Silicon Valley is from Venus. The dichotomy of reactions by Silicon Valley and Wall Street to Apple's most recent quarter are so far apart it's comical.
At least, it would be comical if it didn't involve tens of billions of dollars flying out the proverbial window. Apple posted a monster Q1 , logging a whopping $54.5 billion in revenue and $13.1 billion in earnings. The company sold 47.8 million iPhones and 22.9 million iPads in the quarter, all records for Apple. Apple's reward? Meet the World’s Cheapest Venture Capitalist. Maciej Cegłowski, CEO of Pinboard and creator of the Pinboard Investment Co-Prosperity Cloud fund.
Photo: Joi Ito/Flickr Maciej Cegłowski’s new startup fund was the toast of Silicon Valley on Friday, lighting up Twitter, winning top billing on the elite Hacker News forum, and drawing dozens of applications from would-be portfolio companies. A New Home for Computer Screens: The Face. Waterstones Bookstores in U.K. to Sell Amazon Kindles. Sorry, Mark Zuckerberg, but I’ve got a bad case of Facebook fatigue. $19bn and just married ... I hope Mark Zuckerberg got a prenup, says Donald Trump. Yahoo Announces Alibaba Plan. Eduardo Saverin joins the stateless billionaires. The United States is the only country in the world which applies the same tax regime to all its citizens, regardless of where they live: nowhere else are nonresidents charged the same federal tax rate as residents.
And this makes America’s plutocrats qualitatively different from every other country’s super-rich. If you wanted to sum up Eduardo Saverin in three words, you could do a lot worse than Very Rich Eurotrash. He didn’t become a Facebook billionaire because of his hacking skills or because Mark Zuckerberg happened to be his roommate in college; he became a Facebook billionaire because he had cash, and Zuckerberg needed cash to get Facebook off the ground. Zuckerberg provided the valuable labor which went into creating Facebook; Saverin, for all the ideas he had, was basically needed for his money, and his ideas ended up going nowhere. Nasdaq's Facebook Problem. Silicon Valley Is Moving Backward on Shareholder Rights. It’s springtime in America and that means it’s proxy season, when most publicly traded companies hold annual meetings, and shareholders elect corporate directors.
So it seems a good time to review the state of corporate governance: It’s slipping. Mark Zuckerberg, the Facebook Inc. founder and chairman, last month agreed to pay $1 billion for the photo-sharing service Instagram without consulting his board. Groupon Inc. in March had to correct its very first quarterly report as a public company and also reveal a “material weakness” in its internal controls, meaning it lacked checks and balances even after accounting missteps last year. LinkedIn Corp., Zynga Inc. and Groupon went public late last year with dual-class shares, which grant their founders and directors super-voting rights to trump ordinary shareholders’ one vote per share.
Qualtrics: Tech's Hidden Gem In Utah. Amazon Killed The Book Reviewer Star. Authors no longer have to impress stodgy English majors to get their book a quality review: new research from the Harvard Business Review shows that the aggregate rating of Amazon reviewers are every bit as good as professional book critics.
Professional book critics, on the other hand, suffer from nepotism: critics give more favorable reviews to their colleagues, authors who agree with their ideological slant, and if the book has been given an award by other critics. The result, implies this new research, is that Amazon has democratized the book reviewing process, with consumer reviewers less beholden to special interests and more representative of the book-reading masses. Perhaps most importantly, it rebuts critics who have claimed that Amazon is nothing more than a cauldron of corrupt and uneducated opinions. The Maturation of Mark Zuckerberg. If all goes as planned, Facebook will finally pull the trigger later this month on its long-salivated-over IPO.
The deal could value the company in the neighborhood of $100 billion, making founder and CEO Mark Elliot Zuckerberg’s own unusually large stake worth $25 billion. How To Raise A $1M Seed Round. Editor’s note: Sunil Rajaraman is the co-founder and CEO of Scripted.com, a marketplace for businesses to hire freelance writers.
Follow him on Twitter @subes01. When I talk to my friends who are not currently at startups, or the Silicon Valley, the perception is that VCs and individual investors are throwing around investment dollars like drunken sailors. Outsiders think that there is a bubble, and that any company with two engineers and an idea will get funded (though there is some truth to that in certain cases).
The reality is, competition has never been fiercer for startups, especially at the seed stage, to close a round. The pendulum may have swung for Y Combinator companies, but not everyone else. LinkedIn: Great New Feature Thanks To These 20-Something Entrepreneurs. Running a startup. When I read over law paperwork, I’m like When someone asks what is our business model, I’m like When I don’t see anyone at an event I know, I’m like When I finally get user feedback that’s positive, I’m like When I google for a great idea I have and it already exists, I’m like When I don’t get invited to a conference, I’m like.
Tumblr's President Resigns. Must-read for founders: A VC explains how to build a killer value proposition. On the surface, value propositions seem incredibly straightforward.
Six tips for creating a killer brand for your company. There are misconceptions about how important branding it is to success, how much work it takes, and the best ways to approach it. But every company, from a fresh-faced tech-startup to Apple, knows good branding can make a product or service. Google Drive vs. Dropbox, SkyDrive, SugarSync, and others: a cloud sync storage face-off. Google's very own "Loch Ness monster," also known as Google Drive, has finally launched. It's the new face of Google Documents, and it's also Google's oft-rumored Dropbox-killer. It enters a scene crowded with competitors besides Dropbox that let you sync multiple folders, collaborate with friends, and stream data to your mobile device — so how does Drive fare? We'll take a look at the top apps that let you sync files between all of your devices automatically, share files using password protection, pick which folders you want to sync, and do anything else you might want to do with a syncing app.
While our evaluations of each app aren't full-on reviews, they are encapsulations of where each app excels and what makes each unique. The Man Who Makes the Future: Wired Icon Marc Andreessen. What If Facebook Isn’t So Special After All? 10 Things Chinese Startups Can Learn from Facebook. Want to get acquired by Google? Google VP explains how to go big. David Lawee is Google’s vice president of corporate development, the latest in his string of high-profile positions at the search giant. As the company’s M&A leader over the past several years, he has been responsible for some of the company’s biggest acquisitions. Onstage at the DEMO conference today in Santa Clara, he told VentureBeat founder Matt Marshall that before working at Google, he actually started (and sold) four companies himself as an entrepreneur.
An Open Letter To Those Not Employed At Instagram. Editor’s Note: Alexander Haislip is a marketing executive with cloud-based server automation startup ScaleXtreme and the author of Essentials of Venture Capital. Follow him on Twitter @ahaislip. Stop Looking For A Technical Co-founder. Groupon’s restatement doesn’t add up. HEARD ON THE STREET: Facebook's Instant Product Fix. HEARD ON THE STREET: AOL: You've Got Moolah. Hotel's Free Wi-Fi Comes With Hidden Extras. The only visible sign of the extra code on most Web sites is some extra space at the top of the screen, left. iPhone + Cute Puppy = an i-Puppy for Apple Pet Fans - Japan Real Time. Why Groupon is poised for collapse — an update « reDesign. Groupon was forced to restate fourth quarter earnings, sending its stock down 6% in after-hours trading. Selling You on Facebook. Amazon: £7bn sales, no UK corporation tax. Amazon.co.uk, Britain's biggest online retailer, generated sales of more than £3.3bn in the country last year but paid no corporation tax on any of the profits from that income – and is under investigation by the UK tax authorities.
Regulatory filings by parent company Amazon.com with the US securities and exchange commission (SEC) show the tax inquiry into the UK operation, which sells nearly one in four books sold in Britain, focuses on a period when ownership of the British business was transferred to a Luxembourg company. How one word change lets Amazon pays less tax on its UK activities. It would have taken the most eagle-eyed reader to spot the introduction of a single, but hugely significant, word into Amazon.co.uk Limited's annual accounts in 2006.
一个创业者的告别：投身互联网两次失败. How Groupon accounts for its deals. Startups, This Is How Design Works – by Wells Riley. Introducing Gmail Tap. Daniel Soar reviews ‘The Googlisation of Everything (and Why We Should Worry)’ by Siva Vaidhyanathan, ‘In the Plex’ by Steven Levy and ‘I’m Feeling Lucky’ by Douglas Edwards · LRB 6 October 2011. This spring, the billionaire Eric Schmidt announced that there were only four really significant technology companies: Apple, Amazon, Facebook and Google, the company he had until recently been running. The “D” in Action: Yahoo Layoffs Coming Wednesday, International to Be Hit Hard. By Sarah Lacy On April 2, 2012 As Kara Swisher reported last week, big staff cuts are coming to Yahoo this week. Dear Google User: We're Sure You're Going to Love This. Singapore Conferences.
Draw Something Changes the Game Quickly for Omgpop. Bernard Leong Presentations. That Thing You (Forget to) Do Part 1: Product Development. Big Data: The Only Business Model That Tech Has Left. Start-Ups Resist Facebook's Pull. Frighteningly Ambitious Startup Ideas. 团宝网“跑路”CEO任春雷：危难是人性的试金石. 任春雷反思团宝网：资本是毒药 沦落因风投贪婪. A Window into the Demise and Bizarre Rebirth of TuanBao. Tuanbao CEO Ren Chunlei: 'Investment is Poison' Taobao Launches Microsite to "Name and Shame" Counterfeit Sellers and Cheats. Here are the 76 products that vied for attention at DEMO Asia. Buy Pandora: After Such A Quarter, Do Not Lose Sight Of The Long-Term Opportunities.
Ideas for Asia’s travel innovators… from the West. I Paid a Bribe and Similar Corruption-Exposing Sites Spread. How Wall Street Bankers Use Seamless To Feast On Free Lobster, Steak, And Beer. Twitter, the Startup That Wouldn't Die. Selling unusual online. Collaborative Fund. A cheat sheet of peer-to-peer car sharing players — Cleantech News and Analysis. The World’s 50 Most Innovative Companies 2012. Ten Lessons I Learned from Shark Tank Altucher Confidential. How I Helped Mark Cuban Make a Billion Dollars and 5 Things I Learned from Him Altucher Confidential. Work Hard, Work Hard, Work Hard. Singapore, Indonesia, and Lazy Founders. Venture Firm Seeks the Atypical, and Finds It in Brazil. Adam Lashinsky: ‘There’s nothing shiny or happy … inside the doors of Apple’
9 bootstrapping ideas for small business publicity. Motivation Killers: 9 Things You Should Never Ask Employees. eCommerce Ventures in Indonesia – A Sucker’s bet. Is the Internet Finally Robbing the Greedy Financier’s Gravy Train? Brazil: The New Home of Financial Innovation? How Startups like Frank & Oak Are Changing How Men Shop for Clothes.