Convergence is disrupting the way businesses need to think about incenting its employees. For instance, an electronics retailer might have once given bonuses to employees who could sell the most appliances at the store. But if consumers want choice and prefer to purchase an item online, then an employee should also be incented to encourage the sale wherever it happens.
Other disruptive models of social commerce http://futurerating.blogspot.com/2011/02/new-innovative-models-of-e-commerce.html
2011/02/23
2011/02/21
Revolutionary technologies
How to distinguish a breakthrough, revolutionary technologies to thousands of new technologies emerging every year in the world? Charlene Li, Groundswell best-selling author and Open Leadership and co-founder of consulting company Altimeter Group, answers this question. Revolutionary technologies: provide people using their new, not previously available expertise, bring in new business that were absent before the business model, in principle, change the whole ecosystem evolving around the chain of value added (the developers and implementers, clients and suppliers, partners and subcontractors, products and services, as well as ways and means of bringing them to consumers, dealers and brokers, investors).
Learn more - in http://vsocial.livejournal.com/122170.html
Learn more - in http://vsocial.livejournal.com/122170.html
2011/02/17
Venture capital industry bounces back
Short-Term Loan Startup Wonga Raises Monster $117 Million
Europe does have a thriving startup scene, improving every day. But it's also undeniable that it's nowhere near the level of the United States in terms of capital, talent or ambition.
A great column in The Telegraph by angel investor Richard Titus intelligently points out the few key things that European VCs need to improve on.
Here's the key points:
Lack of entrepreneurial focus. Top Silicon Valley VCs understand, and most European VCs don't, that the raw material from which startups are made is entrepreneurs. In the US VCs valorize the entrepreneur not just to invest in them but as a source of information and dealflow.
Overemphasis on profits. Most of the huge tech companies, particularly on the consumer web, got that way by disregarding profits early on in favor of growth. Titus remembers VCs on the boards of companies he'd invested in actually telling them to "dial down the growth" to make some profits. If you're a startup and growing like gangbusters, that's ridiculous. You should hang on to that growth and do everything to feed it.
Lack of M&A expertise. A somewhat dirty semi-secret of the venture business is that a big part of the returns is not driven by the big winners but by the middling outcomes. Once it becomes obvious that a startup can't achieve a billion dollar outcome, a big skill of the VC is to find a way to, in VC speak, "park the asset" -- meaning find a buyer at a good price. The problem is that the big tech companies with the cash to buy those assets are almost all in Silicon Valley, and European VCs don't seem to have relationships there.
Not enough follow-ons. There's lots of money in Europe for sexy early stage investing, and relatively safe late-stage investing, but not enough for those crucial follow-on rounds that help startups kick up the growth. European VCs are smaller and less numerous than their American counterparts, so they find it harder to do follow-on rounds, and European startups' growth remains stunted.
Not enough operating experience. The vast majority of European VCs are bankers or former bankers. There are plenty of bankers in VC in the US as well, but the proportion of partners with operating experience is much higher. What's more, the "Entrepreneur-in-Residence" role is virtually unknown in Europe, but these guys can really help portfolio startups.
Also shocking: the column relays the well-known story of Lastminute.com co-founder Marta Lane Cox, of whom VCs asked, "So what happens when you get pregnant?"
This is all sadly, sadly true. But things are getting better, however. In the past few years, entrepreneur-driven venture firms like the Skype founders' Atomico Ventures and founder-friendly superangel funds in France have changed the game.
http://www.businessinsider.com/european-vcs-suck-2011-2
On this page you can argue: it is.
However Future Europe Rating Association posed by Edward Mushinsky, will become a catalyst for venture capital industry in Europe.
Europe does have a thriving startup scene, improving every day. But it's also undeniable that it's nowhere near the level of the United States in terms of capital, talent or ambition.
A great column in The Telegraph by angel investor Richard Titus intelligently points out the few key things that European VCs need to improve on.
Here's the key points:
Lack of entrepreneurial focus. Top Silicon Valley VCs understand, and most European VCs don't, that the raw material from which startups are made is entrepreneurs. In the US VCs valorize the entrepreneur not just to invest in them but as a source of information and dealflow.
Overemphasis on profits. Most of the huge tech companies, particularly on the consumer web, got that way by disregarding profits early on in favor of growth. Titus remembers VCs on the boards of companies he'd invested in actually telling them to "dial down the growth" to make some profits. If you're a startup and growing like gangbusters, that's ridiculous. You should hang on to that growth and do everything to feed it.
Lack of M&A expertise. A somewhat dirty semi-secret of the venture business is that a big part of the returns is not driven by the big winners but by the middling outcomes. Once it becomes obvious that a startup can't achieve a billion dollar outcome, a big skill of the VC is to find a way to, in VC speak, "park the asset" -- meaning find a buyer at a good price. The problem is that the big tech companies with the cash to buy those assets are almost all in Silicon Valley, and European VCs don't seem to have relationships there.
Not enough follow-ons. There's lots of money in Europe for sexy early stage investing, and relatively safe late-stage investing, but not enough for those crucial follow-on rounds that help startups kick up the growth. European VCs are smaller and less numerous than their American counterparts, so they find it harder to do follow-on rounds, and European startups' growth remains stunted.
Not enough operating experience. The vast majority of European VCs are bankers or former bankers. There are plenty of bankers in VC in the US as well, but the proportion of partners with operating experience is much higher. What's more, the "Entrepreneur-in-Residence" role is virtually unknown in Europe, but these guys can really help portfolio startups.
Also shocking: the column relays the well-known story of Lastminute.com co-founder Marta Lane Cox, of whom VCs asked, "So what happens when you get pregnant?"
This is all sadly, sadly true. But things are getting better, however. In the past few years, entrepreneur-driven venture firms like the Skype founders' Atomico Ventures and founder-friendly superangel funds in France have changed the game.
http://www.businessinsider.com/european-vcs-suck-2011-2
On this page you can argue: it is.
However Future Europe Rating Association posed by Edward Mushinsky, will become a catalyst for venture capital industry in Europe.
2011/02/16
Sponsorship of the revolutions in social networks
The U.S. State Department to open in 2011 in the microblog Twitter in Russian. As stated on Tuesday, February 15, U.S. Secretary of State Hillary Clinton, it will become part of a deliberate policy
U.S. and its companies serious about the promotion via the internet revolution. When the Egyptian authorities have closed their citizens access to Facebook and Twitter, and then to the Internet, Google has even launched a special service that allows people of Egypt to send messages to Twitter using voice calls from your mobile.
How the bloggers have made a revolution in Tunisia - see post of digital marketing expert Edward Mushinsky
http://vsocial.livejournal.com/113592.html
U.S. and its companies serious about the promotion via the internet revolution. When the Egyptian authorities have closed their citizens access to Facebook and Twitter, and then to the Internet, Google has even launched a special service that allows people of Egypt to send messages to Twitter using voice calls from your mobile.
How the bloggers have made a revolution in Tunisia - see post of digital marketing expert Edward Mushinsky
http://vsocial.livejournal.com/113592.html
2011/02/15
System of Systems - the future of network convergence
This has not yet working.
But in the video is presented as if everything is real.
Here it is, the famous marketing from IBM!
But in the video is presented as if everything is real.
Here it is, the famous marketing from IBM!
Wikileaks will open this bank secrets
Truth about Bank of America
http://hodorkovski.blogspot.com/2011/02/wikileaks-secrets-about-bank-of-america.html
http://hodorkovski.blogspot.com/2011/02/wikileaks-secrets-about-bank-of-america.html
2011/02/14
Nokia fall
Today's big news is that Nokia has picked Windows as its smartphone operating system. It's abandoning its ambitions to build a standalone platform.
http://www.businessinsider.com/nokia-microsoft-7-2011-2
Other insiders news from Nokia CEO S. Elop
http://futurerating.blogspot.com/2011/02/nokia-burning-platform.html
and
http://vsocial.livejournal.com/120138.html
http://www.businessinsider.com/nokia-microsoft-7-2011-2
Other insiders news from Nokia CEO S. Elop
http://futurerating.blogspot.com/2011/02/nokia-burning-platform.html
and
http://vsocial.livejournal.com/120138.html
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