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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 »

NYC Wants to Turn Laid-Off Bankers Into Entrepreneurs

Bloomberg unveils $45M program

(Newser) - With the Wall Street mess taking a heavy toll on New York City's economy, Mayor Bloomberg is launching a program to retrain laid-off investment bankers and make the city a mecca for entrepreneurs and foreign financial firms. The city plans to spend $45 million in federal and city money to... More »

New Economic Saviors: Marc Cuban and You

(Newser) - Marc Cuban has some ideas about how to get the nation out of this financial mess, and they have a lot to do with—no surprise—Marc Cuban. The billionaire owner of the Dallas Mavericks says entrepreneurs can lead the way, so he's soliciting business plans at his blog, the... More »

Laid-Off? Be Your Own Boss

Interest in small business is booming as unemployment rises

(Newser) - The pink slips are flowing, but that’s not halting thousands from using severance packages and savings to found their own businesses, the Christian Science Monitor reports. The new gigs often bear little resemblance to past ones—one Wall Street exec now walks dogs—and differ from the economy at... More »

Study Paves Way for 'Entrepreneur Pill'

Start-up bosses seen to make tough calls under stress; researchers see hormone link

(Newser) - A study that links entrepreneurial success to risky decision-making, a trait less prevalent among buttoned-up business managers, has scientists pondering whether a pill could boost enterprising behavior. Riskiness is associated with the hormone dopamine, which could inject chutzpah into hesitant managers, the Telegraph reports. Critics doubt chemicals are solely responsible,... More »

Simmons Bangs Drum for Black Entrepreneurs

Russell Simmons thrives during market mayhem

(Newser) - For the "Godfather of Hip-Hop," success on the streets is like winning in business: It's "all about believing in your vision," Def Jam co-founder Russell Simmons tells the Economist. Now the music-mogul-turned-financier is trying to inspire go-getters with a new bestseller, Do You!—which... More »

Private Firms Hope to Haul NASA's Space Cargo

And US agency wants their help

(Newser) - Hauling crew and equipment between earth and the international space station is expensive work, and NASA is looking to private entrepreneurs to pick up some of the slack, the Washington Post reports. Among the front-runners is Elon Musk, a founder of Paypal, who has seen his three prototype shuttles crash... More »

Start-Ups Hungry for Cash in IPO Drought

Private funding hunt under way in Silicon Valley

(Newser) - Silicon Valley IPOs are suddenly an extremely rare beast, driven nearly to extinction by the sputtering economy, the Wall Street Journal reports. The first quarter has seen just five venture-backed offerings, compared to 31 last quarter. “The economics have been destroyed for small-cap IPOs,” says the co-founder of... More »

NFL Sends Players to Millionaires' School

Non-stars prep for second careers

(Newser) - The average NFL player leaves football after 4 years. That’s enough time to make decent money—the average annual salary is about $1.7 million—but not enough to learn how to use it. So the NFL is helping out its 20-something millionaires by sending the best and brightest... More »

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