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NEWS ABOUT: entrepreneurs

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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 »

Economy Has Venture-Capital Scene Looking in Mirror

Return on investments sags with stock uncertainty, credit woes—but money still there

(Newser) - Economic troubles that have meant fewer IPOs and less-lucrative mergers have the venture-capital industry in upheaval, the San Jose Mercury News reports after last week's Silicon Valley gathering of VC players. Many believe the moneyed backers must treat entrepreneurs better for prospects to remain lively. Yet, though returns have turned... More »

Gossiper Trades Fat for Fortune

Perez Hilton loses weight, adds radio show to media empire

(Newser) - The Starbucks barista who turned his Perez Hilton alter ego into a web and TV sensation is bulking up his multimedia ventures by adding a radio show and slimming down his waistline, reports the Hollywood Reporter. "I want to frickin' jog shirtless in Malibu by the Fourth of July,... More »

New Gadget Strikes a Chord

Tuning electric guitar becomes hands-off job

(Newser) - One less thing is standing between you and a perfect jam session: tuning your electric guitar. A newly launched battery-powered compact device that mounts on the instrument's body is accurate to within 2% of a note, reports the Seattle Post-Intelligencer. "It's just a dream, being able to pick up... More »

A Brothel Manager's Guidebook

Lessons learned from Spitzer's favorite online escort service

(Newser) - There are important lessons to be gleaned from Eliot Spitzer’s shenanigans. Namely: how to effectively run a brothel for the well-to-do. Using cached pages from the now-defunct Emperors Club website, Josh Levin lays out a business plan in Slate.
  1. Keep out the riff-raff: 92% of the club’s clients
... More »

Spoiled Chinese Kids Get Traditional Lessons

Self-made parents face badly behaved offspring

(Newser) - China's new millionaires have ridden the waves of the country's transforming economy, but not so their children, writes the Washington Post. Raised in privilege and coddled by parents who obeyed the country's one-child policy, the nation's "little emperors and princes" have little experience of hardship and spend money lavishly.... More »

'4-Hour Workweek' a Silicon Valley Siren Song

Marc Andreessen, others lured by call to ignore influx of email and IMs

(Newser) - Tim Ferriss is an ex-kickboxer and tango champ, but he's ensnared the attention of some in Silicon Valley with a simple message: pull the plug. Techies like Netscape founder Marc Andreessen—ironically, an investor in attention-sapping chat service Twitter—have found solace in “The 4-Hour Workweek,” Ferriss’ tome... More »

Newmark Brains Scammers

Craig's List founder tracks online swindlers the old-fashioned way— brainpower

(Newser) - “We are not really that high-tech of a company,” the man who brought classifieds into the Internet age, Craig’s List founder Newmark, tells the New York Observer, explaining why he uses a combo of customer feedback and his own memory—instead of techie solutions like IP-address blockers... More »

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