Excelerate Labs Brings A Startup Incubator To Chicago
It seems that Y Combinator and TechStars-like incubators are popping up everywhere. BoomStartup just launched an incubator in Utah and TechStars is expanding to other cities in the U.S., as is The Founder Institute. Chicago has a new incubator that recently launched, called Excelerate Labs. Excelerate is the brainchild of OKCupid entrepreneur Sam Yagan, Kapil Chaudhary, Kelli Rhee, and Troy Henikoff. Yagan says the Chicago-based incubator has a similar model to TechStars and Y Combinator. Six to ten startups will be chosen for a three month long program, where founders will be given resources to build their products, access to mentors and funding. Each startup will receive anywhere from $15,000 to $20,000 (depending on the number of founders) for five percent of equity.
Novell Rejects Hedge Fund’s Offer To Take The Company Private For $2 Billion
New York-based hedge fund Elliott Associates L.P. in a letter to Novell's board of directors dated March 2 offered to purchase the infrastructure software company for a cash price of $5.75 per share, or $1 billion net of the cash on the company's books. Elliott Associates at the time said it already owned 8.5 percent of Novell and wanted to take the company private for $2 billion. This morning, Novell's board publicly responded to the letter, deeming the "unsolicited, conditional proposal" from the hedge fund "inadequate".
Integrating Ethics Into The Core Of Your Startups: Why And How
When I came to the U.S. in 1980, I was young and naïve. I used to think that corruption and ethical lapses were just a third-world ill. Eventually, I became a tech CEO and learned the harsh realities of American business. Yes, standards are much higher, and breaches are punished, but the temptations are just the same here as they are in any other country. Ethical lapses (which are a form of corruption) are quite common. You watch stories about these on TV every other day and read about them on TechCrunch. It was the ethical lapses of our financial institutions that threw our economy into a tailspin, and for which we are paying the price, after all. It is best to be aware of the temptations and to prevent the lapses from occurring. As Enron, Bernie Madoff, and Lehman Brothers have shown, it’s a slippery slope. Once you start compromising your values for short-term gains, there is no turning back. Business ethics are not something you need to start worrying about when your company reaches a certain size; they need to be sewn into the fabric of your startup from the get-go. The lessons are the same for tech businesses as they are for investment banks and for third-world economies.
Check-In Fatigue. Or, Why I’m Rooting For An All-Out Location War.
I didn't have the same problems at SXSW this year that some people did. Was it too crowded at some events? Sure. But there were plenty of alternative things to do. Did some of the keynotes bomb? Yes. But there were plenty of other things to listen to. Did AT&T fail? No. Actually, they did an awesome job keeping the network up. Instead, I had a problem of a different kind: check-in fatigue. Seeing as location was this year's Twitter at SXSW, and seeing as I write a lot about location, I wanted to try to use as many of the services as I could during the actual conference. I drastically underestimated how much work that would actually be.
The Man Corporations Love and Xenophobes Hate
During my recent trip to India, I flew down to Bangalore for one reason: To meet N.R. Narayana Murthy. Murthy is the co-founder, executive chairman and former CEO for 21 years of Infosys, the first Indian company to go public on Nasdaq and effectively the company that began the $30 billion Indian IT outsourcing market. Murthy’s idea was so successful that it quickly became controversial—not only within the United States where some Americans feel Indians are “stealing jobs,” but also in India where many are concerned about a tech economy that doesn’t make anything. I wanted to meet with Murthy, because in many ways he's the best person to address what Indians at home and abroad are facing and where Indian entrepreneurship goes from here. Here are a few highlights from our meeting
SXSW Scenes: Hot Dogs, Hare Krishna and Rock
Palm Can Still Win: Here Are Five Things They Need To Do
Palm tanked after turning in a dismal 3Q earnings report driven by bad smartphone sales. The good news? The phone is becoming just an app on a smart, portable device. The disruptive contours of that smart, portable device is still in flux, and about to get buffeted again by the release of Apple’s iPad in about two weeks. This is still anybody’s game — heck, if even Google is worried about the next Google, why can’t Palm be the next Palm?
Review: 'Hubble 3D' Takes You on Beautiful, Brief Space Journey
Tesla's Roadster Sport Zips the Light Fantastic
Bad Magic Comic Mysterius Makes Good Tech Satire