A collaborative platform for coders, valued at $750 million | Leading your company through positive change | Are venture capitalists losing influence?
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February 28, 2013
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Bold Ventures
A collaborative platform for coders, valued at $750 million
Tom Preston-Werner and Chris Wanstrath didn't set out to create a company when they began to lay the groundwork for GitHub, a collaborative platform for programmers. Nevertheless, their 5-year-old business was valued at $750 million in a recent fundraising round. Users can create open-source software on the platform for free, or they can pay to work privately on proprietary projects. Inc. magazine (3/2013)
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Leading the Pack
Leading your company through positive change
Positioning a good business to be even better requires going beyond setting up the right structure, Robert S. Olszewski says. He advises companies to evaluate how they can cut waste in seven key areas, identify their sustainable competitive advantage and disrupt routines. "Companies that can clearly demonstrate why and how the change will have a positive impact, leading to dissatisfaction, have a higher probability of effective change," he says. Smart Business/Philadelphia (2/2013)
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Finance & Growth
Are venture capitalists losing influence?
Some entrepreneurs are eschewing venture-capital funding and the expansion pressure that often comes along with it. "You can build something small and sustainable, and not have to sell off your business and soul," said entrepreneur Matt Linderman. Still, customer acquisition and marketing can still be costly, notes Bob Greene, chairman of the New York Venture Capital Association. Crain's New York Business (2/27)
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Scaling up without breaking down
As you expand your business and hire more people, don't make the mistake of relying too heavily on a lengthy interview process or interview questions that don't reflect a candidate's true potential, writes Farhan Thawar, the vice president of engineering at Xtreme Labs. Two other tips: Encourage your workers to focus on one task at a time, and hold unscheduled meetings when necessary to address important issues. VentureBeat (2/27)
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Other News
The Whole Entrepreneur
13 items no business traveler should leave home without
Personal "Mi-Fi" hot spots, Trusted Traveler status and plenty of smart snacks are among the things that can make life easier for road warriors. This slide show highlights all the items that should be packed in a state-of-the-art carry-on bag. Business Insider (2/20)
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Ideas for Innovators
6 steps to successful innovation
The first step to creating a new innovation is to identify some area of need, writes Matthew Griffin. Try to envision your end goal, and don't let your thinking become biased by solutions that have been used in the past, he recommends. InnovationExcellence.com (2/27)
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Fortune from Failure
Making room for failure
Companies that want to innovate should make room for people to fail, says John Rice, vice chairman of General Electric Co. "If you fail because of some external event that you couldn't control, if your logic was right, if your execution was good and you fail for some reason that couldn't have been foreseen, I think that could be a reasonable reason for failure," he said. The Wall Street Journal (2/25)
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[M]ultitasking often leads to messing two things up simultaneously."
-- Farhan Thawar, vice president of Engineering at Xtreme Labs, writing at VentureBeat.
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