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Entrepreneur Suggests Current Economy Presents Opportunity for Innovation
Will the Google-Verizon Deal End Up Hurting Entrepreneurs?
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Entrepreneur Suggests Current Economy Presents Opportunity for Innovation
Stephen Martin, an entrepreneur and author, writes in Tech Crunch that this reset that the global economy is currently undergoing presents a unique challenge to budding entrepreneurs. During recessions, there are shifts in "values, economic tastes and preferences, business structures and industries," he writes, affirming that they help "make way for new business leaders and innovations." Ultimately, these resets are responsible for business opportunities. Martin asserts that this reset is occurring during a time when tools of commerce are universally available thanks to the Internet. Martin declares that formerly important attributes like education and the "right" upbringing matter little, but rather "individual strengths, passions and expertise" are the only "distinguishing factors remaining in an individual's or business' success." The so-called "Great Recession" of the past few years has brought about an entirely new kind of entrepreneur, Martin argues, one that relies on an individual's strengths. Martin contends that to achieve su... |
Click here to read the rest of the article at YoungMoney.com.
Will the Google-Verizon Deal End Up Hurting Entrepreneurs?
Under the (still theoretical) partnership, Verizon would agree not to give different sources of data priority on its wired networks, and it wouldn’t sell higher tiers of service to certain sites or clients. Some types of data, like video or voice traffic, might get routing priority over other types. Where Verizon would be free to practice discrimination is the wireless world – and this worries a lot of young entrepreneurs and Silicon Valley veterans. Mobile internet today is like the web during the dot-com boom: still coalescing, full of competing ideas and standards, a bit rough around the edges but incredibly promising. Young entrepreneurs and inventors are allying with venture capital to create services like Foursquare and SmallPlanet, combining web data, GPS and social networking in new and creative ways. In the future, though, wireless internet could become tiered – and the upper tiers might be too expensive for startups. Relegated to the back bench of the network, innovators would simply not be able to compete with industry leaders, reducing opportunities for entrepreneurs and hurting the industry as a whole. This outcome isn’t guaranteed – but it’s an example of what coul... |
Click here to read the rest of the article at YoungMoney.com.

Nowadays, the news is saturated with stories about people losing their jobs and the overall economic malaise that has gripped the U.S. However, one entrepreneur suggests looking at this period of time as a reset, imploring others to look for ways to start new businesses as consumer's spending habits change and barriers to entry are removed through the Internet.
The media and the wider internet have been abuzz with discussion about a recent Google-Verizon proposal to handle the way data traffic is routed on both wired and wireless broadband networks. On its surface, the agreement appears relatively innocuous.