Monthly Archives: February 2007

Entrepreneurial Surge and Rise of the Part-Time Entrepreneur

Fortune Small Business reports that “we are in the midst of the largest entrepreneurial surge this country has ever seen. According to Small Business Administration projections, nearly 672,000 new companies with employees were created in 2005. That is the biggest business birthrate in U.S. history: 30,000 more startups than in 2004, and 12% more than at the height of dot-com hysteria in 1996.”

“Recent immigrants … in 2005 started 25% more companies per capita than native-born citizens did.” 

Carl Schramm, head of the Kauffman Foundation and author of The Entrepreneurial Imperative, points out that continually dropping technology costs make startup money less necessary now that entrepreneurs often can purchase powerful computers and software without maxing out their credit cards.

FSB also notes a new trend of “part time” company founders, because it has become easier for entrepreneurs to start new companies without quitting their day jobs. Small Business Administration (SBA) figures indicate that the number of firms with no employees grew by 26% from 1997 to 2004, to 19 million. Slightly than half of them are run by workers with another primary source of income.

Marketer Bitten by Creative Commons License?

Marketing guru Seth Godin, author of The Bootstrapper’s Bible: How to Start and Build a Business With a Great Idea and (Almost) No Money and many others about marketing and blogging, published an ebook titled Everyone’s an Expert (About Something): The Search for Meaning Online. The title page of the ebook says that "Copyright holder is licensing this… Continue Reading

Immigrant Entrepreneurs have an Overlooked but Significant Impact

Business Week Online, in The Impact of Immigrant Entrepreneurs by Kerry Miller, cites recent studies showing the critical role that skilled immigrants play in the economy, but notes that those immigrant entrepreneurs and their economic impact often are overlooked.  Immigrant-founded companies include Google, Yahoo!, and eBay. On Feb. 6 the Center for an Urban Future, a… Continue Reading

How to Draft a Specification or Requirements Document for a Contract

Many licenses and independent contractor agreements require a technical specification or requirements document describing the software or web service that one party must deliver to the other.Specifications and requirements are the standard to determine whether the developer has met its obligations, and therefore will be paid.They’re obviously critical. For major software or internet projects, the… Continue Reading

IP Bankers, Exchanges & Others – an Overview

Intellectual property (such as patents, copyrights, trademarks, and domain names, or “IP”) is becoming recognized as a new and separate asset class.  At the same time, a new group of intermediaries and brokers has emerged to facilitate deals.  Most of these companies focus on patents, because that’s where the money is, thanks to a series… Continue Reading

Hybrid Software Business Models

Knowledge@Wharton has an interesting perspective on new software business models, in Why Software Business Models of the Future Probably Won’t Come in a Box. Kartik Hosanagar, an operations and information management professor at Wharton, believes that “a hybrid business model — consisting of parts of traditional licensing, on-demand, ad supported and even open source” will… Continue Reading