Angel investors like their privacy. They don\’t want to be bombarded with hundreds of investment requests, and so they are usually pretty low profile people. I know angels that have done dozens of investments and no one has heard of them. They don\’t have a web site, a blog, and they don\’t write articles in magazines that will bring attention to them and their wealth, and bring with that attention an unwanted rush of entrepreneurs knocking on their door.
So FundingUtah.com protects the privacy of investors.
Many internet entrepreneurs I know (myself included) are pretty content sitting at the computer most of the time doing research and figuring how to generate traffic, improve web site design and conversion rate, and study web analytics to determine what to do next. We use the web for hours a day to do research on what everyone else is doing. Then, relying primarily on email and instant messaging, we can efficiently communicate hundreds of times per day with employees, customers, partners, etc.
Nokia will ship by the end of this year a number of new phones that offer rich multimedia capabilities. One of their phones has a 4 GB hard drive that will store 3,000 songs.
This is significant partly because in 2004 Nokia owned more than 30% of the global market for mobile phones, almost twice as high as the number two player Motorola.
Reno, NV is ranked #1 and Boise, ID is ranked #2 in this years ranking of the top cities in which to do business, based primarily on economic growth. The survey was published today by Inc. Magazine. Salt Lake City ranks #31 but jumped an impressive 73 places. A total of 274 economic regions were studied. Read the full article here.
I am a cheerleader for entrepreneurs. Nearly every week I meet new young entrepreneurs who think their idea can make a big impact on an industry. I want them to succeed and I know many of them will–the ones who dream and take the risks will often end up with amazing success stories.
But it is interesting is to contrast the young do-it-or-die-trying entrepreneurs with talented, seasoned employees who have been in the workforce sometime but are unwilling to make the leap, even to pursue a great idea that they have. The older group have more experience, more knowledge, more connections, more savings, and more ability to be successful. But they are almost always more risk-averse. They may have a family, a lifestyle to protect, and above all, they feel sometimes an overpowering need to keep their existing health insurance policy in place.
While I attend the Berkshire Hathaway shareholder meeting this week in Omaha, I decided I might want to see some LDS Church History sites while there. I talked with Susan Easton Black who told me there is a nice museum at Winter Quarters where Mormon Pioneers built temporary housing on their trek from Illinois to Salt Lake City. Also, there is a restored building at Kanesville, Iowa that has significance for Latter-day Saints, because that is where Brigham Young was chosen to be the President of the Church, 3 years after the death of Joseph Smith.
Alan Hall, founder of MarketStar (which employs 2500 people and helped clients sell $8 billion in products last year) gave a great speech at Weber State University in Ogden last Thursday. His presentation was outstanding, and I want to blog about all of it, but one of the take-aways for me was how he recruits and hires the right people.
The annual Berkshire Hathaway shareholder meeting will be in Omaha, Nebraska on Saturday, April 30th. There is a chance I will be able to attend. There are a few tickets available on eBay in case the one I\’m hoping for has already been given away.
Bambi Francisco, the best columnist covering internet stocks, announced some very surprising things this week about eBay\’s traffic decline. For nine consecutive months, the internet giant has seen declines in traffic, year over year.
Another milestone for the distruptive VOIP company with headquarters in Luxembourg. They have also recently announced two more premium services, Skype Voicemail and SkypeIn.
As I have said many times before, the most powerful internet marketing tactic of all is to give away something valueable and free. Successful business models will then monetize the huge audience you attract with premium or add-on services or advertising revenue, a la Google.