One Cool Thing: Upstart

One of the minor signs of professional accomplishment is that dreaded moment where some enterprising young person asks career advice. Often one has to balance between the practical (pursue a typical corporate gig to pay off student debt?) and the promise (start something new, and eat a lot of ramen?). But there may be another way.  A group of former Googlers…

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When Number 1 is Not So Good

Although an unabashed, unapologetic believer in the inherent virtues of both capitalism and entrepreneurial culture to drive economic growth and raise overall living standards, I also believe it is critical to examine one’s beliefs in light of available data.  And recently the data in this regard is not looking so good. To start, the idea that the United States has…

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Reading List: Ticker: USA

What if the USA were a business?  Not a novel concept, but trust Mary Meeker to take the idea a little further than simple metaphor.  Meeker, internet research queen before joining the venture firm Kleiner Perkins last fall, has issued a report on A Basic Summary of America’s Financial Statements.  From the summary: Imagine for a moment that the United…

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Entrepreneurs as tax dodgers

It's a little early for April Fools, and perhaps it is just my long exposure to entrepreneurs, but there is actually an argument circulating which labels entrepreneurs as tax cheats.  This is because entrepreneurs, when (and if) they realize gains on their equity, pay capital gains tax rates on the stock appreciation, instead of the higher rates used for ordinary…

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