Monday, April 25, 2011

Startups Often Succeed After Failing

One of the certainties about startups is that the initial idea fails, to be replaced by something else that does result in success.

Initial idea: Allow groups of people to band together to accomplish a goal called ThePoint
Eventually: Groupon

Initial idea: Web-based massively multiplayer online game called Game Neverending
Eventually: Flickr

Initial idea: Compare two people’s pictures and rate which one was more attractive
Eventually: Facebook

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It's Easy to Criticize Tax Policy, Hard to Manage Well

There always is plenty to disagree about whenever a change in U.S. taxation policy is proposed, and one frequent criticism is that the benef...