In May, LinkedIn went public. To much fanfare, the business-oriented social networking site sold common shares at $45 each, for a total offering of $352.8 million and an overall valuation — public and private shares — of $4.3 billion. It was the biggest Internet initial public offering since Google went public in 2004. At one point on opening day, a share was trading at over $94, bringing back wistful memories of the dotcom boom of the late 1990s. At the end of the day, the company was worth $8.9 billion. In comparison, Facebook, the world's largest social network, but still a private company, may be worth $94 billion if it went public in the near future, according to published reports.
This interview with Bing Gordon, a partner with the venture capital firm Kleiner Perkins Caufield & Byers, was conducted and condensed by Adam Bryant.
It’s old wisdom: surround yourself with people better than yourself. But how? How do you know that the people you’re putting around you are actually better, and not just richer/smarter/better looking?
I've been blogging for a whole ten days now, and all my topics have been business stuff: venture capital, entrepreneurship, intrapreneurship, evangelism, etc. Now I want to throw you a total curve ball.
Read more: http://blog.guykawasaki.com/2006/01/hinds...
When I was an undergraduate at MIT, I was involved with the small-but-growing community of students and faculty who were interested in international development. My classmates spent Friday nights hammering away on solar cookers, weekends in the kitchen trying to concoct simple hand warmers, and afternoons meeting mentors around campus to discuss their new ideas.
During the past 25 years I've seen a lot of innovation task forces come and go. Some of them looked good at the beginning and died a slow death. Some of them looked bad at the beginning and died a quick death. And some of them actually succeeded.
Over the past few weeks, America’s colleges have sent another class of graduates off into the world. These graduates possess something of inestimable value. Nearly every sensible middle-aged person would give away all their money to be able to go back to age 22 and begin adulthood anew.
Dominic Randolph can seem a little out of place at Riverdale Country School — which is odd, because he’s the headmaster. Riverdale is one of New York City’s most prestigious private schools, with a 104-year-old campus that looks down grandly on Van Cortlandt Park from the top of a steep hill in the richest part of the Bronx. On the discussion boards of UrbanBaby.com, worked-up moms from the Upper East Side argue over whether Riverdale sends enough seniors to Harvard, Yale and Princeton to be considered truly “TT” (top-tier, in UrbanBabyese), or whether it is more accurately labeled “2T” (second-tier), but it is, certainly, part of the city’s private-school elite, a place members of the establishment send their kids to learn to be members of the establishment. Tuition starts at $38,500 a year, and that’s for prekindergarten.
Read more: http://goo.gl/gW3bE
Summer is here, and even dire workaholics should take a few hours to relax. Read one of the following books and you'll become a better entrepreneur while you're at it.
Read more: http://www.businessinsider.com/books-every-entrepreneur-should-read-2011-5?op=1#ixzz1QUkQjLVU
Culture, values and leadership are critical priorities for business leaders. No matter how many resources your company deploys, how many experts you retain and no matter how many programs you run, little matters if you’re not reaching your global workforce at heart, mind and gut level.
The modern business environment values creativity. The success of many firms is rooted in their ability to innovate. That said, creative behavior flies in the face of our daily reality. Most of our lives consist of habits in which we try to do what we did last time in the same situation. In meetings, we sit in the same seat in a conference room. At restaurants, we order the same dish. On our drive home from work, we take the same route.