Another VOD Trial Bites the Dust

Disney\’s MovieBeam experiment apparently hasn\’t gotten traction yet.
The company has spent at least $70 million trying to market this
video-on-demand service to three cities (including Salt Lake City).
Consumers received a set-top box and access to 100 movies stored on a
local hard drive, with up to 10 new movies per week replacing movies
they no longer wanted. Disney may be trying to sell the service.

I thought there were several problems when I heard about Moviebeam: the

Another Angel Group in Utah!

This morning\’s paper mentioned a new angel group in Utah, the Olympus
Angels. The 15-member group led by Jim Ellsworth will provide \”seed
capital and advice\” to young entrepreneurs, according to Alan Hall.
Alan is the founder of Grow Utah Ventures, which now has spawned both
Top of Utah Angels and Olympus Angels. Both angel groups can be
contacted by visiting Grow Utah Ventures or calling 801-479-5525.

Will Your Management Team Succeed?

I am totally disappointed today. I just learned that the UITA-sponsored Will West/Amy Lewis discussion
today about management teams was a breakfast meeting. I marked
September 1 on my calendar, but I thought it was a lunch meeting.

Please, please, please, if anyone attended, can you send me your notes/impressions or blog about what they said?

Will is the #1 fund-raising entrepreneur in the history of Utah. Amy is
one of the most energizing speakers I have ever heard. I can\’t believe
I missed this event.

Will West and Amy Lewis on Management Teams

Thanks to Ryan Money (Junto 2005), I got a copy of the handouts Will and Amy used in today\’s UITA breakfast.

Keys to Management Success – Will West, Control4

Hire right.
In fact, hire people that are better than you are. If you don\’t you
can\’t grow an exceptional organization. Do this right, and 80% of your
job is done. Do this wrong, and you\’ll sink.

Be yourself. Don\’t try to be the manager you read in a
book. Use those learningÂ?s to mold your approach, but don\’t try to
become someone else. You aren\’t, and you probably won\’t do it well.

Create passion. Retention, extra hours, loyalty to the
business, etc. are all easier when your management team believes in a
vision. Help your team understand why you are going to change your
little comer of the world.

Entrepreneurship and Funding in India

Anant, an entrepreneur in India wants a resource like FundingChina.com
for India. (The FundingIndia.com domain name is already taken, but
we\’ll find another one soon.) But he also wants it to give
entrepreneurs access to mentors and service providers as well, and
tools for buying and selling things they need to get their businesses
off the ground–something like Craigslist. I like all these
suggestions.