As the number of family offices that pursue direct investments in private companies increases, so too do the number of misguided deals. Over the years we’ve heard plenty of examples from family offices where the direct investments they made were tremendously successes, but also where there were lessons to be learned. In the spirit of passing on that knowledge, we have compiled a few common mistakes made in direct investing
Google’s YouTube Signs Up Everyone But TV for New Paid Service | Bloomberg Business
Google Inc.’s YouTube, which has signed up partners for a new paid video service, may find out by early next year whether its own Internet stars really are as valuable as those in Hollywood.
Partners accounting for more than 90 percent of YouTube viewing have signed on to the paid service, the company said in a statement. While the lineup incudes home-grown celebrities and music videos, YouTube so far doesn’t have TV networks such as Fox, NBC and CBS, according to people with knowledge of the matter who asked not to be identified discussing the project.
TV staples like Fox’s “Futurama,” NBC’s “Parks & Recreation” and CBS’s “Under the Dome” are a featured part of competing products from Netflix Inc. and Amazon.com Inc. Without shows like those, YouTube’s commercial-free service will have to attract paying viewers with original series, music videos and thousands of its channels already available for free.
Holacracy, Explained: An Illustrated Guide to Management-Free Organizations | Page19
Have you heard about Holacracy? If you’re watching the startup and tech scene, then there’s a pretty good chance you have.
Holacracy is a management-free way to run a company. It’s been around for a few years, but it may have come to your attention just recently when its inventor, Brian Robertson, released a book on the concept. Another place you might have recently heard about Holacracy is in the media when Tony Hsieh, Zappos CEO, asked his employees to either fully buy in to the company’s holacracy initiative or take their leave (along with a nice little bonus to sweeten the exit).
Even before all the media buzz, we at Blinkist were fascinated with Holacracy. In fact, it led us to develop our own, lighter approach called Blinkracy and roll it out through our team.
One thing that we noticed along the way is that there’s a huge breach between how simple and efficient Holacracy can make work and how not simple it is to understand. Holacracy is a beautiful concept that makes organizations more effective and much better places to work. However, the mass of holacracy-only lingo makes the adoption curve high.
Economic storms hit U.S. – 6 biggest threats to the stock market | CNNMoney
The American stock market is heating up again.
The Greek bailout and strong earnings from tech companies like Google (GOOG) and Netflix (NFLX, Tech30) have carried the Dow and S&P 500 near record highs. The Nasdaq is on track for a third-straight record close.
But that doesn’t mean the bull market in U.S. stocks is bulletproof. The biggest threat: a slowdown in the American economy.
Just look at how retail sales unexpectedly declined in June.
If people continue to hold back on spending, it will throw cold water on investors who are betting that economic growth will accelerate during the second half of 2015 following a weather-fueled contraction in the first quarter.
10 Time Wasting Tasks You Can Automate in 30 Minutes | Small Biz Trends
Time is one of the most precious assets to business owners. But with so many time wasting tasks on your to-do list, you need to take control of your work or it will take control of you. Luckily, technology can help.
Here are 10 common time wasting tasks to automate to free up time:
Sorting Emails
Before you get around to responding to emails, it helps to organize them. One of the best efficiency moves you can make is to use the label, tag and/or folder functions in your email program. That way, you can tackle important emails first, and less important ones later (or maybe never). It also helps you to “batch” emails for efficiency.
This Guy Sold His Startup for $575 Million in Cash — And Gets to Keep Every Penny | Entrepreneur
On Tuesday, the dating website Plenty of Fish got acquired by Match Group, an IAC/InterActive subsidiary that recently announced plans to go public later this year. Plenty of Fish sold to Match Group for $575 million in cash.
Markus Frind, 36, is the founder and CEO of the Vancouver-based Plenty of Fish.
Frind told Business Insider he started Plenty of Fish in 2003 “as a way to improve my résumé.”
“At the time there was a new programming language called ASP.NET, and I don’t like reading books, so I just went and created the site in two weeks, and then people started signing up, much to my surprise,” he said. “And it blew up from there. It wasn’t like I had a plan to create a dating site. It was just a side project I created that got really big.”
Frind, who was a developer before he founded Plenty of Fish, built the site without any venture-capital funding. He has retained complete ownership of the company, which has 75 employees.
“By the time I found out what VCs were, I was already making millions in profit, and I didn’t see the need to raise money because I wouldn’t know what to do with it,” he told Business Insider. “It was a profitable company, and there was no need to raise money.”
The Future Of Retail Won’t Be So Good For Consumers | TechCrunch
Shopping — both online and offline — is a great luxury of the modern era. People can enjoy a great selection at lower prices and shop from the convenience of their home, while still having the option of going to a local mall or retailer to peruse the aisles for instant gratification.
But consumers can’t have their cake and eat it, too, and the retail world as we know it today can no longer give it to them.
Retail Will Change Forever
Technology is killing the traditional retailer. Victims will include those selling commodity brand-name-type products like consumer electronics, appliances, sporting equipment and furniture, and may even include those selling consumable goods.
Price wars, combined with technology shifts, will eliminate national, regional and local competitors who just can’t keep up. Many of today’s vendors will cease to exist as online shopping takes larger shares of all sorts of markets. Just look at the trends in companies like Best Buy, Staples, Radio Shack and Sears.
Student Loans Stunting Small Business Growth | Business News Daily
Student loans aren’t just negatively impacting you financially; they’re also hurting your chances of starting a new business, research finds.
Entrepreneurship is significantly hampered in parts of the country where residents carry more student loan debt, according to a recently updated study by researchers at Pennsylvania State University and the Federal Reserve Bank of Philadelphia.
For the study, student loan debt across the United States was analyzed by county and compared with small business creation in those areas. Researchers discovered that between 2000 and 2010 a one standard deviation increase in student debt reduced small businesses in those counties by an average of 14 percent.
Customer Service Tips | Business Tips
I travel quite a bit, for both business and personal reasons, so I am exposed to many kinds of businesses across the U.S. I frequent small businesses but use large companies, as well.
With rising prices of goods and services, I expect the level of customer service to be high, as well. And it has become increasingly important to me.
In the past few weeks, I have experienced the worst customer service that I have in years— and it was from both small and large companies.
Do you have protocols for answering your phone, for greeting visitors, for trouble calls? If you don’t, you should. Some things don’t need to be left up in the air.
Whoever a potential customer interacts with first, establishes the impression of your company in that person’s mind.
Flash. Must. Die. | WIRED
ADOBE FLASH—THAT INSECURE, ubiquitous resource hog everyone hates to need—is under siege, again, and hopefully for the last time. The latest calls for its retirement come from some of the Internet’s most powerful players, but if the combined clattering of Facebook, Firefox, and a legion of unsatisfied users isn’t enough finally to put it in the ground, scroll down to see how to axe it from your devices yourself.
Why would you want to?
Because Flash is a closed, proprietary system on a web that deserves open standards. It’s a popular punching bag for hackers, which puts users at risk over and over again. And it’s a resource-heavy battery suck that at this point mostly finds its purchase in pop-up ads you didn’t want to see anyway.
