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entrepeneurship
 

Meet The Top 5 Executives Of The New Economy

GMngmt's picture
O
 
Points)
 on 3/10/13 at 4:41pm
New Economy.jpg

In this week’s post I’m going to take a political twist. Benzinga's Alex Biles gives a list of what I call New Economy executives. These 12 practice a true-and-true free-market ideology which I think is in stark contrast to today’s WS plutarchy and serves as a fresh reminder that it’s the execution of their beliefs that unlock the American entrepreneurial spirit. Now, while I do identify with most of what they believe I am skeptical on a few of their tenets, so don’t take everything literally. So read on to find out who these “Captains of Industry” are and their contributions…

**

JacquelineWann's picture
(Chimp, 5
 
Points)
 on 1/11/13 at 11:48am
panda

Hi monkeys

Business Venture

cujo.cabbie's picture
(Orangutan, 258
 
Points)
 on 1/2/13 at 7:11pm

Have a few business ideas. Looking for people to join/work with me/share my ideas with and possibly start something up.

Where can I find interested people please???

THIS IS NOT SPAM :)

What I've Learned About Facebook

Edmundo Braverman's picture
ST
(Human, 14,318
 
Points)
 on 11/27/12 at 1:39pm
facebooklike.png

It's no secret that I'm not a huge fan of Facebook. I thought it was a neat idea early on, but like just about anything else it loses its luster when your mom becomes aware of it. So like the rest of the cool kids on the Internet I migrated to Twitter, which is actually much better suited to meet the needs of finance and econ information junkies like me. I didn't delete my Facebook account (it's really the only way to keep in touch with my old Marine buddies), but I more or less left it in my rear view.

Part of what I did on my time off was soft launch a side project I've been meaning to get off the ground for a couple of years now. Naturally, I wanted proof of concept before I plowed a bunch of time and money into it. So my alternatives (as I saw them, anyway) were to advertise a landing page on Google and compete for some relatively spendy eyeballs, or give Facebook advertising a shot and see if I could achieve better results for less money.

How does this relate to Wall Street, you ask? Well, one of the primary arguments against Facebook stock recently has been their seeming inability to capitalize on mobile advertising despite the fact that better than 50% of Facebook users interact on mobile platforms. I'm going to cover my surprising mobile findings in a minute, but I wanted to give you guys a breakdown of Facebook as an advertising platform from an advertiser's perspective, and that might help you to better judge the value of the stock.

Cost benefit analysis - new website

Diplomat's picture
(Chimp, 8
 
Points)
 on 11/26/12 at 10:37am

does anyone have or know where to find cost benefit analysis for implementing a new website. im trying to make the case a new website is worth the money to my old man who has never advertised or used a sales force in 30 years.

Q&A: WSOP Winner Quits the Game, Bets Big on Flowers, Plans for a Spectacular Bloom

Disincentivy's picture
VC
(Gorilla, 713
 
Points)
 on 9/23/12 at 12:45pm
BN_Logo.jpg

At 4:00 AM on a breezy Tel-Aviv Wednesday morning, I spent one hour on Skype with David Daneshgar that made me forget the exhausting trip I had just taken and the deep cavity search I’ve went through at the borders.

We’ve talked about his interesting background; great win of the World Series of Poker in 2008 and his thoughts on the game, his newest business venture, Bloomnation, Venture Capitals, business school, and amazing shouting matches with his two awesome partners.

Our conversation was flowing, David is very easy going, very passionate, and this is what he had to say:

David, tell me a little bit about your background
I finished undergrad at UC, Berkley and got interested in poker. I started playing a lot and got quiet good. Given that Berkley is very liberal, students were allowed to teach classes if they demonstrated strength in a particular subject, so I started teaching probability and statistics of gaming.

Q&A with the Founder of Open Air Publishing

TheKing's picture
O
 
Points)
 on 9/13/12 at 10:30am
Open Air Publishing

Entrepreneurially-inclined readers take note - I've got a fantastic interview for you today with the Founder, President, and CEO of Open Air Publishing, Jon Feldman.

Open Air Publishing is a publisher of interactive books that feature high-quality video, slideshows, intuitive navigation, interactive features, and traditional text. It is currently focused on how-to books, all of which are 100% original, developed in-house, and feature subject matter experts. Its books are available for the iPad and iPhone.

For any gamblers on the site with a knack for playing black jack, check out Blackjack Domination, Open Air's interactive guide to learning the strategies guaranteed to help you dominate the tables the next time you're in Vegas. We'll be running an interview with one of the book's authors, Derek Sutta, later this month.

Read on to learn about Jon's background and education (which includes an MBA from Wharton), his interesting work experience (including a stint at College Humor), and what led him to found Open Air Publishing.

Ivy League Valedictorian Quits Largest HF to Open Bakery

Going Concern's picture
(King Kong, 1,676
 
Points)
 on 8/10/12 at 6:00pm
cupcake_monkey.jpg

Ben Gifford ’10, the valedictorian of his class, left his job at Bridgewater Associates after a year and a half. The next day, he decided to open a San Francisco-based bakery called Double or Muffin, an idea he and his childhood friend and Double or Muffin co-founder Sean Pears conceived while they were at a coffee shop in their hometown of Newton, Mass., according to Gifford.

I'm not surprised in the slightest folks.

Adventurous entrepeneur? Another fool on the hill? Is some part of you jealous?

Why I believe an Entrepreneur Should get an Education

imallcash's picture
IB
(Monkey, 57
 
Points)
 on 7/31/12 at 7:52pm

Growing up I’ve always known one thing, I want to be my own boss one day. I want to be the decision maker, because frankly, I believe in myself more than most of the bosses I have met and/or been employed by (take that with a grain of salt as I’m still “young” and have yet to report to the C-Suite). Why would anyone who has no desire to work for someone else go to school?

Starting an investment bank

GP24_7's picture
(Chimp, 6
 
Points)
 on 7/30/12 at 7:25pm

Call me naive, but I've got this crazy idea of starting my own investment bank very early in my career(like Harris Williams). I've got a few questions:

1 how would I get my name out

2 is this a realistic idea

3 what would I need to do to be truly competative and therefore successful

Does entrepreneurship help admission?

Clayton's picture
(Chimp, 2
 
Points)
 on 3/27/12 at 8:51pm

How much does starting your own business help for undergrad admission? I am a junior in high school with a 3.6 gpa and 30 ACT. I started my business which manufactures custom made golf putters in 8th grade and i also started selling on ebay in 4th grade. My company was also featured in a magazine. I was wandering how much this would help on admission to schools like Wharton, Harvard, Columbia, Stanford and University of Chicago? I eventually want to go into private equity.Im hoping that this is something outside of the box and will be a closing factor in my admission to one of them since i am always reading how they want someone different and unique. Let me know what you think and the link to my article is below if you are interested in reading.

Exit From PE

nontargetib's picture
(Chimp, 8
 
Points)
 on 1/7/12 at 7:09pm

This may go against what everyone is trying to do here, but what are the exit opportunities for a private equity professional? I have an opportunity to go straight to PE out of undergrad, but could see wanting to leave after several years. Does MM PE give you enough operations experience or would I be better off getting some consulting experience first. I am doing IB internships so my experiences are more deal oriented than strategy.

Just Raised an Angel round....

Arpster55's picture
EN
(Monkey, 35
 
Points)
 on 12/11/11 at 6:31pm

Hey all,

So I raised an angel round for my software start up (mostly B2B). Would love to help in answering any questions you may have regarding the process, venture capital, or just whatever.

One thing I've learned through all of this is it ain't for the faint of heart....way too many ups and downs. But, it truly is an exhilarating journey!

btw, I came from a semi, quasi, pseudo target*...lol, if that matters.

*just tryin to poke fun at this forum's seemingly constant obsession with labels.

Also, Go Illini!

Opening a mini-fund

SDeep24's picture
HF
 
Points)
 on 11/12/11 at 9:02am

Ok so basically I'm graduating, and will hopefully have a job when I graduate in a month and a half at a boutique HF/PE shop. However, I want to start on the side a small firm that is basically a hedge fund, except I'm planning on starting with 10k and may have some other close friends/family that will throw in money as well and although I will do some trading, it will only account for probably 40% of revenue etc. Let's assume the firm I'm working for has no problems with me doing this...I don't want to publicize this or make it my main job, I just want something that I can 1) have on my resume and 2) can track my returns as a business.

Books for entrepreneurs

sinthushan's picture
(Chimp, 13
 
Points)
 on 11/9/11 at 9:29pm

I'm looking for books on the entrepreneurial side of wall street. Specifically books about people starting funds or boutique investment banks something that goes through the process. This is mainly out of interest I don't plan on actually starting up a fund (don't have the money or the connections).

What would be the best job for somebody with an entrepreneurial spirit?

wolverine19x89's picture
O
(King Kong, 1,844
 
Points)
 on 10/28/11 at 11:01am
EntrepreneurialSpirit_Motivation_Poster_lr.jpg

I was just wondering what you guys would think would be the best job to have for somebody that's interested in starting their own business on the side/eventually, but has to have steady income at the moment.

It seems like a job with not many hours would be ideal, but it also seems like consulting or vc would be great too. Not sure about IB since I've read that IB isn't as tailored to running a business as it is to running finance.

Consulting seems advantageous TO ME because you learn the inner workings of some businesses, but vc seems like it would be advantageous also because of pretty much the same reason + you have people pitch stuff to you that can get your brain working/inspired.

This is based off of my very limited knowledge about what these types of employees actually deal with.

So... what do you guys think?

Best sites for enterpeneurs

seabird's picture
PE
(King Kong, 1,468
 
Points)
 on 9/26/11 at 1:16pm

I'd like to get some opinions from other people on sites/resources that would be useful for entrepreneurs. One which I found recently was vworker.com. My personal interest is in starting a couple of websites, and this site gives you access to coders all around the world. The process for starting a web based business can be done for less than $10,000, and in terms of further funding, this proof of concept can be brought directly to potential investors (vc's, angels etc.). The manager of First Round Capital describes this here at around 11:30:

http://fora.tv/2010/04/14/Funding_the_Big_Idea_Les...

I also like the ted talks, mainly for the inspiration and different ways of thinking. What do you guys think/like?

Going into Business after few years IB?

motorpowered's picture
(Monkey, 32
 
Points)
 on 9/17/11 at 4:01pm

Hi, I'm posting this in the Bullpen seeing as it tends to have more readers, hope you don't mind.

Well I have an idea, two ideas actually. One is just a quick flip to make some money. It's basically an internet venture. I don't know whether it will work out or not, but one thing is for sure, it's not a viable business (Sure might be viable for about 5, maybe 7 years, but I don't see it becoming a 20 year thing). If it is successful enough for me to sell it and be acquired, needless to say I won't need to go into IB (At least not as an Analyst). I'm starting it while I'm at college, by the way, so I'll still have time to know whether or not it will be profitable or whether to shut down and IB it out (Please no Facebook references lol)

Entrepreurship in UK with 200,000 GBP

financialmanagement786's picture
(Orangutan, 303
 
Points)
 on 8/29/11 at 11:31pm

Last night my father offered me 200,000 GBP to get an entrepreneurship Visa at UK and start my own business. I am a prospective monkey but I want to explore this (entrepreneurship) option. What kind of small business can be started in UK with 200,000 GBP? I know this question is very very very vague it depends on location, type of business and all that. But can some one help me get a feel of it. Like is it possible to start a small restaurant in London with 200,000 GBP? What other business should I look into, also any one can suggest any other resources I should use. Any and all advice is welcome.

I have stayed in USA and Singapore but never visited UK.

F*ck Wall Street

kirso's picture
O
(Monkey, 37
 
Points)
 on 8/23/11 at 2:26pm
web20logos.jpg

Why entrepreneurship is much more valuable than IB and PE. Go figure...

Excerpt:

It was just my third year out of college and I made a little over $250,000. For a Brazilian immigrant who spent most of his childhood kind of worried he would have to do physical labor, I felt like I had really made it. My job was challenging (making investing decisions always is) and I worked with some really smart and motivated people.

But, beyond “making it”, I was comfortable. After a year of private equity investing, I felt like I was good enough to do it for the long haul. While I’m sure there would be a few unexpected twists and turns, I sort of knew what the next 20 years of my life were going to be like and it looked pretty good.

outdoor consumer products venture capital funds

benz's picture
(Chimp, 2
 
Points)
 on 6/16/11 at 9:56pm

Hi, does anyone know of any venture capital funds specializing in outdoors consumer products and sports?

thanks in advance.

Leaving finance to run family business

sks144's picture
CF
(Monkey, 34
 
Points)
 on 5/23/11 at 2:41pm

Hi guys,

I have worked in business development / strategic FP&A roles at a major BB for the past two years since graduating college- The work, although not as prestigious as IB, was challenging and had some rewarding aspects-

My ultimate goal however is to pursue a JD/MBA at a top program- I performed very well on the LSAT and want to start studying for the GMAT this summer. The latest I would want to start school is 2012/2013.

That being said, I have been offered a promotion, (out of my analyst program), to AVP- I am weighing that against returning home and helping to manage my family business, an ethnic restaurant in Western PA, before I return to school. (Approx 850K in FY Revenue)

Thoughts on Two Opportunities

DUKEandDUKE's picture
(Chimp, 15
 
Points)
 on 4/28/11 at 11:02pm

First, a limited background:

Graduating UG next month, non-target school, second-tier U.S. financial city, embarrassing GPA...

1) Work in my current city for a serial-entrepreneur (HBS grad) with high responsibility and visibility. Supposedly starting two entities and selling another in the future. I will be an excel model junkie and involved in all financing and deal structures of these entities.

Cons:
-Risky and speculative but that's entrepreneurship right?! Being a recent grad I know this is the time to take risks but at the same time want to establish myself with a "known" role for future opportunities.

Freedom of being an entrepreneur

Virginia Tech 4ever's picture
EN
(Neanderthal, 2,319
 
Points)
 on 4/27/11 at 4:32pm
free.JPG

So, I recently left my job and became an independent real estate consultant. The pay cut has been...well, massive. I've only been in the business for about 2 weeks right now, and with current work flow, I'm on the road to making about $25,000 per year, net of expenses. I guess for 12 days in the business, it's not too bad--I'm sure that'll become substantially better in the future. That said, man, I don't think I could ever work a regular salaried job again. I feel...free. For the first time in my life, I feel free.

I honestly see now why people become entrepreneurs, even if it means longer hours and less pay. The human condition is programmed to seek freedom, at least for many people. If you're wired that way, you'll take a more arduous path in exchange for freedom.

What entity to choose?

Nobama88's picture
RE
(King Kong, 1,676
 
Points)
 on 12/30/10 at 1:55pm

Hey

I am looking for some advice on what state and what type of entity I should chose for my business. I do not have the extra money to go to a lawyer about this, so I thought some of you may know the best choice :D

Business:

Online Social Networking Website

Revenue:

Ad Revenue and T-Shirt Sales

Location:

Online

Partners:

Me + One other

Employees:

For now, just contractual

So, based on the above info where / what would you use to protect your business / money?

I am also looking to use http://www.incorporate.com/ as my service for incorporating. Anyone have any experience with them?

Thanks!

The Social Network

Matt the Tiger's picture
PE
 
Points)
 on 12/26/10 at 1:31am
sup?

So I just finished The Social Network, and although encouraged by a few drinks I think this movie is going to be the next Wall Street.

I say this in the sense that Wall Street inspired so many young men to study and improve their understanding of business in thinking this was the next gateway to nirvana. I feel that the Social Network and the detailed story, although told with the troubled personality of Mr. Zuckerberg thrown over the viewer like an extremely heavy overcoat, displays the possibilities of owning ones own ideas and running with them.

Obviously though this movie could have painted mark in a different light but, taking that into account can it be seen that this movie has strong inspirational qualities?

Website Development

soccerz30's picture
IB
(Baboon, 110
 
Points)
 on 12/21/10 at 1:08pm

So, I'm starting my own web-based business with a few partners. We are currently putting the plan together, but we are all finance/business guys and need a technical guy. Our concept is relativley simple, but does need some solid development work. We've tried going to tech networking events, but with our current jobs & schedules (most of us in IBD) its very difficult to make them (don't want to leave just yet)....we have contemplated hiring a firm. Does anyone have any views on taking this route?

Startup vs. Banking

rocknrolla's picture
IB
(Monkey, 43
 
Points)
 on 9/2/10 at 12:58pm

Trying to make a decision between investment banking in NYC or joining well funded small tech startup as a CTO. For going to bschool, which is better if the startup is successful? not successful? I think startup up would stick out more in an application pool since there are hundreds of banking resumes, but would it be better to get in. I'm guessing startup would be better to go into VC. Looking at it, the startup would probably be more fun as I would have a better work/life balance for sure, but I want to make the right career move too.

Proprietary Electronic Trading Firm - New Firm - Seeking Pedigree C++ Developers - Chareston, SC (will relocate)

curtissmith's picture
O
 
Points)
 on 8/9/10 at 11:36am

Seeking Entrepeneural Mind Set. This person would be a starting member of this firm and share the PnL of the desk.

Job Description:
Independent systematic trading company is seeking developers to work on its platform and trading software. The candidates will be expected to design, implement, and maintain server software primarily in a Linux environment. An entrepreneurial mindset and experience with leadership and project management is a significant plus.

The company is partnering with an established player in the trading space and is composed of principals with 15+ years of trading experience and sterling track records. Company will be based in Charleston, SC. For the right candidate, this is a unique opportunity with exceptional upside.

Job Requirements:

How do most people find partners to start up with?

naucharlie's picture
 
Points)
 on 7/7/10 at 8:58pm

How do most start ups find their partners? If i were to start my own company, wheres the best place to look?