Posts tagged with ‘startups’
Well, Project X may now be called Vox, but the great VC-backed media blitz of 2014 is staffed up and soft-launching, and it looks a lot more like Projects XY. Indeed, it’s impossible not to notice that in the Bitcoin rush to revolutionize journalism, the protagonists are almost exclusively – and increasingly – male and white.
To be sure, the internet has presented journalists with an extraordinary opportunity to remake their own profession. And the rhetoric of the new wave of creativity in journalism is spattered with words that denote transformation. But the new micro-institutions of journalism already bear the hallmarks of the restrictive heritage they abandoned with such glee. At the risk of being the old bat in the back, allow me to quote Faye Dunaway’s character from Network: “Look, all I’m saying is if you’re going to hustle, at least do it right.”
— Emily Bell, Journalism startups aren’t a revolution if they’re filled with all these white men, The Guardian
— Laura Amico in Nieman Reports, Calm at the Kitchen Table: A Start-up Tracks Murder in Washington, DC. - (via jcstearns)
- Kevin Galligan: Everyone has a launch party. Nobody does the last-stage-of-grief thing.
- Chris Siragusa: I don't talk about it that much. It's one of the greatest failures of all time, and it's never had a proper eulogy.
- FJP: New York Magazine has a story called "The Final Pivot: A Funeral for Failed Start-ups" about an event that was organized to help budding entrepreneurs learn from those that tried but failed before them. Kevin Galligan was an organizer. Chris Siragusa, one of the event's speakers, is the former CTO of Kozmo.com which flamed out after raising $280 million. http://bit.ly/UMb94L
The challenge for the region is not about getting people excited about startups. It’s more so in the development of the ecosystem and the infrastructure. That’s the challenge of any developing country. But more so than ever before, it’s a chance for South America to take a leapfrog ahead and establish itself as a leader on the world startup stage.
TechCrunch’s Alex Williams, on the thriving South American entrepreneurial community. The Rise Of The TechnoLatinas: A Full-Fledged Startup Movement Emerges In South America.
We see a full-fledged movement with an ecosystem that is creating new connections for the economies of Argentina, Brazil, Chile, and the rest of the world. These entrepreneurs represent a movement now.
A growing number of angel investors are starting to invest in South American startups and the venture capital community is growing.
Entrepreneurship is becoming the preferred career option for a sizeable share of the top talent emerging from business and engineering universities in the region. This is partly because of the tremendous opportunity for upside, but it is also more in the image of a younger generation that identifies with the Internet and a connected world.
Increased broadband availability and the emergence of cloud services has broken down the costs to set up and run an online business. The information gap is narrowing. More people have Internet access, and governments are getting more actively involved in developing startup ecosystems.
And the infrastructure is emerging, too. Amazon Web Services opened a data center in Sao Paulo last December. Microsoft BizSpark opened a number of innovation centers in Brazil to connect developers with businesses. Google is now building a data center in Chile.
But then — very, very occasionally — a big company behaves in a way that misses business entirely and instead crashes straight into stupid. And that’s precisely what just happened with Amazon’s decision to ban social reading startup Findings from reposting extracts imported by Kindle users.
Paul Carr, PandoDaily. A “Moment of Temporary Insanity”? Amazon Orders Findings To Stop Importing Highlights.
Findings, as Carr describes it, promotes social reading by being “a kind of Tumblr for word-nerds, an easy way to share inspiring, provoking, stimulating, and otherwise fascinating little snippets of text, whether they be found on webpages, in magazines, or deep inside books.”
Mexico will be the first Latin American country to set up a startup pavilion at the annual TechCrunch Disrupt event, to take place this weekend in San Francisco. Seen unthinkable a couple of years ago, why is this now being possible? Let’s see.
Mexico’s economy is growing 40% faster than Brazil’s, over twice as fast as the United States, and is already the world’s 14th largest economy (on a GDP based scale). With an ever growing professional middle class, the market is well poised for innovative companies… Some indicators for this are: the massive market potential across industries, especially in mobile (1 out of 5 mexicans owns a smartphone, Google calculated that by 2015 the market will have grown 70%); the quickly growing internet-connected population (40 million Mexicans are connected to the Internet. It’s the third most internet-connected OECD member), and the rapid growth of e-commerce sites (43% just last year)
The startup ecosystem is proliferating in this environment. Mexico holds the largest Startup Weekend presence outside of the United States (Mexico and the UK were the first countries to establish Startup Weekend offices).
Universities are also taking an active role in shifting towards “the entrepreneurial mindset” and away from cultural conservatism by financing “knowledge bridges” between Mexico and Silicon Valley. Entrepreneurial centers are becoming more and more popular at universities nationwide, as well as graduate programs that focus on enticing innovation and entrepreneurship as a career path.
The government is also becoming increasingly aware of the need to advocate for local talent. Last month the official announcement came from NAFIN (Mexico’s National Financial institution) and the Secretary of Economy: there is now a public seed capital fund, which will amount to almost 30 million USD and will have two lines of investment: a seed capital fund and as a co-investor in startups.