Tag Archives: Entrepreneurship

Mobile Apps Bringing a Taste of the Free Market to China

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“With DiDi Dache, you simply list where you are and where you want to go, leave a voice message for prospective drivers, and in my experience, within 5 minutes you have a taxi.  Some have reported that they were able to take rides for just 2 yuan, approximately 33 cents. This is possible due to the company’s revenue model, where revenue comes not from taxi fares themselves, but instead from ‘location-based advertising,’ which uses geo-tagging to target riders with advertisements related to their location.  A unique feature of the app is that people seeking taxis are able to bid for rides if demand spikes and/or they want a faster response.”

http://isil.org/mobile-apps-bringing-a-taste-of-the-free-market-to-china/

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A Libertarian Testing Ground For Bitcoin, 3D Printers, and Drones

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“I discovered that this isolated group has fully adopted Bitcoin, and that it’s extremely enthusiastic about other ‘freedom-enhancing’ technologies such as 3D-printers and encryption. Everyone I met in the Project owned Bitcoin and was willing to accept it for goods and services. Of the couple thousand people living there, at least seven own 3D-printers. Though the idea originally was to get a critical mass to influence the political process, many in the movement now feel that the freedoms they want may be better realized through technology that routes around the government rather than engaging it directly.”

http://www.forbes.com/sites/kashmirhill/2014/06/12/the-free-state-project-a-libertarian-testing-ground-for-bitcoin-3d-printers-and-drones/

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How an Online Business Can Help You Internationalize

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“Many people are seeing the opportunity to internationalise themselves by either starting an Internet-based business or restructuring an existing business to be operable over the Internet.  An Internet-based business does offer the potential to create an income that is either equal or similar to that which one would enjoy ‘at home,’ whilst still living in another country. In addition, in many cases, this is possible without having to change clientele or learn a new language. Therefore, the Internet-based business tends to minimise the level of change that one would need to go through in an effort to internationalise.  Best of all, the Internet is not regulated by any country at present, which allows for tremendous freedom.”

http://www.internationalman.com/articles/how-an-online-business-can-help-you-internationalize

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The Men Who Owned Bitcoin.com

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“The interesting thing about all three men with whom we spoke is that they are all almost compulsive entrepreneurs. Mr. Heitler runs an online marriage counseling business and is considering building a business supplying electricity to bitcoin miners. Mr. Lowy said he is involved in building ‘bitcoin 2.0’ companies and is managing his clutch of domain names. Mr. Kenna runs a ‘hacker house’ in San Francicso, has another business selling ‘paper-wallet’ printers, and is working on another project about which he spoke of only off-the-record.  They have one other thing in common: they all owned, for a period of time, the crown jewel of cryptocurrency URLs.”

http://blogs.wsj.com/moneybeat/2014/04/22/bitbeat-the-men-who-owned-bitcoin-com/

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Truant in America

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“Christian Regan, now 22 years old, has never gone to school in his life. Yet, you would never know by meeting him. He reads more than most adults. Christian’s dad said, ‘He basically taught himself how to read. There was no ‘A is Ahh, B is Buhh’. We would just read books to him. He’d watch us reading him books, and before long, he was reading them instead of us.’  Instead of going to school, Christian just went to work. When he was nine years old, he started his own business – a booth at the swap meet selling video games.  When Christian was 17 years old, he opened his first store on the front street of Lahaina. Within three months, he had five employees and the store was very successful.”

http://isil.org/truant-in-america/

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Robocoin 2.0 Arrives With Bank-Like Features and New Hardware

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“The company’s ATMs accept and dispense 12 national currencies worldwide and can now be used to send money to anyone using only their phone number or email address, even if they haven’t signed up for a Robocoin account. Recipients need merely to visit the local ‘branch’ to pick up their cash.  With traditional remittance providers currently reaping vast profits in transfer fees – estimated at around $500bn a year – such a service could see significant savings for workers sending money back home to families.  ‘Our goal is to make storing and sending money faster, friendlier, cheaper and easier than any other company in the world,’ said Jordan Kelley, Robocoin’s CEO.”

http://www.coindesk.com/robocoin-2-0-arrives-bank-like-features-new-hardware/

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Burrito Company Offers Bond Giving Investors A Free Burrito Every Week

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“Chilango, which is positioning itself as Britain’s response to Chipotle, has issued a series of ‘burrito bonds.’  The notes pay an 8% interest rate semi-annually. More importantly, they also come with a free burrito every week for the duration of the note if you subscribe for £10,000 pounds ($16,800). The Wall Street Journal’s Josie Cox, who first wrote up the story, says this could save burrito hounds more than $600 a year. The minimum investment is £500 ($841).  The firm says they’ve already raised nearly $600,000 from 83 investors since the issue went public a week ago.  Chilango was founded by two ex-Skype executives in 2007.”

http://www.businessinsider.com/chilango-burrito-bonds-2014-6

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Will SoFi Take Sallie Mae’s Best Customers?

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“After the financial crisis proved the government would spend tens of trillions of dollars to keep banks from going belly up, you would think that nothing will kill them. But now the ineffable forces of Stanford-branded reinvention are going after their customers. Do investors in publicly traded lenders need to get out before it’s too late?  A case in point is student lending giant, SLM – formed as the Student Loan Marketing Association — which is in the cross-hairs of a San Francisco-based peer-to-peer lending powerhouse, Social Finance, Inc. (SoFi). As CEO Mike Cagney, a graduate of Stanford Business School, explained, SoFi is growing fast.”

http://www.forbes.com/sites/petercohan/2014/05/22/will-sofi-take-sallie-maes-best-customers

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Bill Bonner: 6 Success Secrets of a $22-Billion Family

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Bill-Bonner2

“Gerard Mulliez is often called the Sam Walton of France.  The Mulliez family has businesses with annual revenues of about $60 billion and more than a quarter million employees. You’ve probably never heard of them. And you’ve almost certainly never seen a picture of them. They’re discreet, private and unassuming.  The family has been in business for two centuries. But only in the last 50 years has it built one of the world’s biggest and most profitable family-business empires. And it has done it while also creating one of the biggest and most successful families.  I have identified six secrets to the Mulliez family’s success.”

http://www.bonnerandpartners.com/6-success-secrets-of-a-22-billion-family/

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Packet Alcohol More Abundant Than Water in West Africa

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“With distribution networks spanning the entire Mano River Market of Sierra Leone, Liberia, Guinea, and Ivory Coast, their products find their way to even the deepest jungle villages, typically sold at small stands known as hokas, characteristically consisting of an umbrella and collapsible box.  Their products, packaged in small plastic bottles and pouches and referred to generically as ‘packet alcohol,’ are more abundant than purified water in some regions of West Africa, and a single packet costs around 500 Leoneans, or 11 cents. A variety of spirits, many flavored with fruits and herbs, are available, all with their own creative slogans and depictions.”

https://news.vice.com/article/packet-alcohol-delivers-a-serious-hangover-in-sierra-leone

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