David Prosser on Apr 15, 2014 09:24AM
Britain's family-owned businesses are growing very rapidly
J.J. Colao on Apr 15, 2014 06:54AM
Betterment, a company that offers a web-based money management service, has raised $32 million in Series C funding from Citi Ventures, Northwestern Mutual Capital and Globespan Capital Partners, along with existing investors Bessemer Venture Partners, Menlo Ventures and Anthemis Group.
Sarah McKinney on Apr 15, 2014 06:42AM
When you’re confronted by near-death experiences nine times before the age of 24, including being chased by a machete-toting gang and being held at gunpoint on three different occasions, you either go a little crazy or learn how to stay calm in high-pressure situations. Jacques-Philippe Piverger went with the latter and says these brushes with his own mortality help to explain why his entrepreneurial risk tolerance has always skewed high. Now 37, he and John Salzinger are cofounders of MPOWERD – the makers of the “Luci” solar powered inflatable lantern, a sleekly designed product that within its first 20 months is being sold by over 250 different retailers domestically, and has been shipped to 50 countries throughout the developing world. Last year the company generated $1.3 million in revenue, and this year they expect to multiply that by ten and cross over into profitability. There is a massive network of people making this possible, but I’m getting ahead of myself – lets back up and better understand how this company came to be.
Nellie Akalp on Apr 15, 2014 09:04AM
Startups and small businesses have a habit of setting their prices low in order to attract customers. The problem is, it?s simply unsustainable. These entrepreneurs end up working as hard as they can just to stay afloat. In extreme cases, a business actually loses money with each new sale.
Tsega Belachew on Apr 15, 2014 09:00PM
Sixty percent of the best jobs in the next 10 years haven’t been invented yet. At least that’s what futurologist Thomas Frey is fond of saying. This is great news because lots of good, new jobs will be needed in order for Africa to reverse staggering youth unemployment rates.
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