Our Astronaut/Fighter Pilot Scribe tells the story of crashing & burning (literally!) and how this changed the way he looks at risk & innovation forever.
Five years ago, Steve Bachar and I decided to invest in companies capable of transforming the livelihoods of at least 100 million customers living on $2 a day, generating at least $10 billion in annual revenues and earning sufficient profits to attract commercial financial investment. There was only one problem. We couldn’t find any.
Big problems tend to offer a poor *perceived* risk/reward ratio, you can spend a lifetime working for social change with seemingly little progress. Actually, big problems can generate big returns.
Has everything we could have said, been said? What has really changed? Aren't we still looking at the same handful of challenges? How much progress has actually been made? It's time to stop debating.
The SEC finally issued their proposal for the JOBS Act including the long awaited "non-accredited crowdfunding" component, Chance Barnett breaks it down for us.
Give a man a fish, and you feed him for a day; show him how to catch fish, and you feed him for a lifetime. This is not enough for the men and women living in extreme poverty, but there is an answer.
We all have moments in our lives where something shifts, clicks into place. For me it was in June of 2008, when I clamped my feet to the end of the robotic Canadarm-2 on the International Space Station.
The days of lone heroes and quick fixes are over, and never were what we hoped they would be. Our problems are too complex to fix quickly, and too big to fix alone. For everyone trying to change the world on a deadline, give it up.
As entrepreneurs, we often fall guilty to the pleasures of productivity. But productivity in and of itself is a quick road to an end not worth caring about. Read this post to ensure you are climbing the right mountain.
If as a startup, you hire professionals to help create your brand, not only have you wasted valuable money, but you have settled, ipso facto, on creating a mediocre brand.
Entrepreneurs usually think of themselves as businesspeople or missionaries. But focusing on the bottom line or the cause isn’t the best way to make your startup successful. You need to think of yourself as a scientist.