Here’s our weekly link roundup of small business buzz, musings and muchness. A curation of the best small business talk around the web.
Bitcoin Startups Begin to Attract Real Cash
“Bitcoin startups are beginning to raise sizable investment capital even as industry leaders warn that hackers are abusing the Internet virtual currency for profit. In the past year, fledgling businesses Coinbase Inc., Coinsetter Inc. and CoinLab Inc. have raised millions of dollars collectively from prominent venture-capital firms and angel investors, adding credibility to a digital currency that isn’t backed by a central bank.” (Wall Street Journal)
Startups need to collaborate with academia more often
“How can entrepreneurs best harness the wisdom from academics, and the energy from students, in order to advance small businesses? Startups are successfully solving big problems, which is why people are moving here, taking risks, starting companies and creating jobs.” (Boston.com)
Why Entrepreneurs Can’t Just Hire A ‘Finance Guy’
“First of all, the all-knowing numbers guru is a myth. And second, entrepreneurial finance is largely about asking the right financial questions at the right time. If you don’t know what questions to ask, your money whiz isn’t going to be able to give you an answer.” (Forbes)
Women Entrepreneurs: ‘Go Oprah, Or Go Home’
“Why do some women-run business rise like helium balloons while others remain tethered to a short string? Businesses with annual income of $1M+ are still only 1.8% women-run, though women own 30% of businesses in the U.S. This is poised to change, as women increasingly are taking part in Accelerators, Incubators and in workshops…” (Forbes)
Startups, here’s your idiot’s guide to video
“Do startups need a video strategy? I’ve been in and around the “video for business” industry for the last six years and I get asked this question by startups quite often. The answer is always yes.” (Venturebeat)
Drawing The Line: Why Startups Are ‘Sexy’ And Small Businesses ‘Meh’
“A new report by the Kauffman Foundation underscores a simmering snobbery in the startup community: no matter which way you spin it, not all new companies are created equal. ‘People who use entrepreneurship as a ‘catch-all’ phase to capture a single economic activity make an important mistake,”” (Forbes)
Small businesses accelerate hiring, help drive unemployment down to four-year low
“Slowly but surely, small businesses are starting to accelerate their pace of hiring, helping drive down the overall unemployment rate to a four-year low last month. Small business owners increased employment by an average of 0.14 workers per company in April, according to the latest report from the National Federation of Independent Business.” (Washington Post)
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