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Introducing: A $20 Bike Made of Cardboard

Inventor hopes to have it in mass production soon

(Newser) - It's a pretty nifty idea assuming it all comes together: An Israeli inventor has made a bicycle almost entirely out of cardboard and hopes to have it in mass production in months, reports Reuters . Izhar Gafni swears his $20 bike is uber-durable, thanks to a treatment of organic materials... More »

Tech Moguls: Modern-Day Robber Barons

Mark Zuckerberg, Jeff Bezos equally big on biz, not values

(Newser) - Ten of the world's richest 100 people have ruthlessly siphoned their billions from IT, making today's tech moguls the equivalent of the infamous capitalist robber-barons of last century, like John Rockefeller or Andrew Carnegie, writes John Naughton in the Guardian . From Bill Gates and Mark Zuckerberg to Sergey... More »

'Genius' Visa Goes to Playboy Playmate

'Frisky Friday' inventor Shera Bechard now resides in US

(Newser) - Want a US visa? Starting a craze like "Frisky Friday," which encourages women to tweet their scantily-clad photos, might just do the trick. "Frisky Friday" inventor and former Playboy Playmate Shera Bechard received a so-called genius visa to live in the US, and she's not alone.... More »

Kickstarter Campaigns: How Many Actually Succeed?

Nearly half fail: new infographic

(Newser) - Kickstarter is set up to help dreamers in need of dollars (and, of course, it also helps James Franco sell invisible art )—but how many campaigns actually succeed? A new AppsBlogger.com infographic spotted by Mashable reveals that around 41% of Kickstarter campaigns fail. The infographic takes into account... More »

Teenage Entrepreneur Squatted in AOL Offices

Eric Simons turned AOL campus into his personal office

(Newser) - A teenage entrepreneur found the perfect place to develop his new software: AOL's campus in Palo Alto, Calif. Only problem: No one knew he was also eating, sleeping, working out, and doing his laundry there, CNET reports. Eric Simons had invented his educational software, ClassConnect, in a new campus... More »

What's It Take to Get a Wikipedia Page? Try $300

Two experts will create one for you (if you're 'Wiki worthy')

(Newser) - If you're important enough to warrant your own Wikipedia page, it should, in theory, just kind of appear on its own. But sometimes, giving it a $300 nudge doesn't hurt. Two Brooklyn entrepreneurs charge that much to craft an in-depth entry for you or your business on the... More »

Romney to Go-Getters: Borrow $20K From Parents?

ThinkProgress: It shows again he's 'out of touch'

(Newser) - Good advice for young entrepreneurs or another sign that Mitt Romney can't relate to ordinary Americans? Romney told Ohio college students yesterday that if they wanted to start a business, they should just borrow $20,000 or so from their parents, as a friend of his did. (Jimmy John... More »

10 Celebs Who Burst Into Business

Jessica Alba, Sammy Hagar branch out

(Newser) - Celebs are excellent at promoting themselves, so why not move into other products? Here are 10 stars who were bitten by the entrepreneurial bug, courtesy of the Street . More »

AOL Co-Founder to Head 'Startup America'

Steve Case to lead White House's pro-entrepreneurship campaign

(Newser) - President Obama's entrepreneurship campaign is getting a helping hand from the tech industry. AOL co-founder Steve Case will lead the "Startup America Partnership," a drive to increase investments in startups and small businesses, Bloomberg reports. The initiative already has the backing of a number of tech giants: Intel... More »

Virtual Business Yields Real Profits

Second Life hosts $567M economy

(Newser) - The real economy is mired in recession, but on sites like Second Life, the virtual economy's booming. Thanks to opportunities for entrepreneurs in everything from hats to land, user-to-user transactions totaled to over $567 million in real dollars last year. "The barriers to entry are really, really low for... More »

Let Entrepreneurs, Not Uncle Sam Create Jobs

Obama jobs plan will turn the US into France

(Newser) - President Obama paid lip service to America's spirit of entrepreneurship in his jobs proposals this week, but his policies will turn the US into France instead of a 21st century rival to Asia, warns Daniel Henninger. Entrepreneurship involves some people getting extremely rich, and that's something the Democrats just don't... More »

Online Wiz, 29, Sells Firm for $170M

Aaron Patzer makes a mint when Intuit buys his finance site

(Newser) - Aaron Patzer recently joined the ranks of America's under-30 tech multi-millionaires when rival firm Intuit snapped up his Mint.com online personal finance tool for $170 million. "It was a jaw-dropping moment" when Intuit—which is transferring its 43 million Quicken users to Mint—made the offer, Patzer tells... More »

'School of Pot' Opens in Michigan

Cannabis college teaches the secrets of growing

(Newser) - It only sounds like a Judd Apatow movie: A 24-year-old has opened a "School of Pot" in Michigan to teach everything from growing techniques to special brownie recipes. The $485, six-week program gives students the rundown on botany basics as well as preparation techniques. The New York Times reports... More »

Miss Jackass? New Site Is YouTube for Crazy Dares

MakeaDare.com aims to hook users up with professional opportunity

(Newser) - Fearing that Jackass-style daredevil stunts are getting lost on YouTube, one entrepreneur has launched a site where the brave/stupid take on dares from others. Make A Dare users then vote, with “street cred” the winner’s reward. At least for now—Tory Osinoff tells True/Slant he hopes he can... More »

Web Quick to Churn Out Balloon Boy Souvenir

Internet entrepreneurs quick to milk Falcon Heene's 15 minutes for own gain

(Newser) - As if anyone doubted the internet-meme potential of today’s Colorado balloon episode … well, there’s a T-shirt for that. Internet entrepreneurs are already on Zazzle.com with a cartoon of the craft at one point thought to be carrying 6-year-old Falcon Heene, with the caption “Go Falcon,... More »

Gingrich Honors Porn Exec, Invites Her to 'Intimate Event'

Former House Speaker's group says it mistakenly sent letter

(Newser) - A group founded by Newt Gingrich has named a porn executive “Entrepreneur of the Year” and invited her to an “intimate event” with the former House speaker, Talking Points Memo reports. “I’m honored, and more than a little surprised,” Allison Vivas responded in a statement.... More »

US Grads Turn to China

(Newser) - Large numbers of American graduates shut out of the job market at home are turning to the East for opportunities, the New York Times reports. A surge of young Americans have left to try their luck in Shanghai and Beijing in recent years, attracted by the strong economy and the... More »

Third Time's a Charm for Jay-Z, Rap's Cash King

Mogul discusses business, music as release approaches

(Newser) - As he comes full circle with the Sept. 11 release of The Blueprint 3, exactly 8 years after the original Blueprint, Jay-Z discusses his journey from the projects of Brooklyn to the top of Forbes’ Hip-Hop Cash King list with Billboard. “We—Usher, Justin Timberlake, Beyoncé, myself—are becoming... More »

Baby Boomers Will Start Next Biz Craze

(Newser) - The baby boomers may be pushing 60, but they're primed to lead another "entrepreneurship boom" in America, Dane Stangler writes in the American. After all, according to one study, it's the close-to-retirement-age crowd—not 20-something whippersnappers—that has led US entrepreneurial activity since it last picked up in... More »

In Barren Job Market, to Get a Job, Create One

Recession becomes the mother of invention for would-be businesspeople

(Newser) - New businesses are sprouting up across America as unemployed people running out of time and money decide that the only way to get a job is to create one, the New York Times reports. Economists say now is the time in the downturn cycle when "forced entrepreneurship" starts,... More »

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