Entrepreneurs: Spikes

There are some entrepreneurs who end up super duper rich. There are many who end up doing quite well. There are numerous whose businesses do not see the light of day. These spikes are necessary. Entrepreneurs are indispensable to the market system. And markets are fundamental to democracy. No market, no democracy.

Over the long run, it is a progression for society at large. Society overall gets richer and richer over time, unless you are Zimbabwe under Mugabe. That genius has actually managed to create an ever shrinking economy. (Wash Mugabe Away With A Revolution)

It is for the democratic process to decide on the rules of the game. But within those rules, entrepreneurs are free, the best ones end up looking reckless. Much creativity is involved. Much risk taking is involved. Often much is at stake. But in the end, it is about creation. It is a progression.



In a well-oiled, functioning political system, the politicians are background noise to the entrepreneurs. There is strategic lobbying, sure. If you are leading the pack in your industry, maybe you know things. And the public servants need to hear. But other than that, the world of business is a galaxy all its own.

Entrepreneurs are almost a different species. The entrepreneur's worldview is different than that of the jobholder. Early stage entrepreneurship can also have some interesting stories to it.

A few hours back I registered my company: JyotiConnect Inc. I want to be a Spike. Godspeed.

In The News

HP and Dell slug it out in Second Life Brisbane Times
Book Review - Bill & Dave: How Hewlett and Packard Built the ... Blogcritics.org How Hewlett and Packard Built the World's Greatest Company ...... founders' innovation in both new products and new ways of doing business created an environment in which customers wanted only HP products, employees reciprocated the loyalty HP showed to them, and future Silicon Valley generations tried -- and usually failed -- to follow in their footsteps. ......... for almost 50 years they partnered at the top of the organization they founded ...... the family atmosphere that came to be known as "the HP Way." ...... a roughly 10-page document that lays out a blueprint for entrepreneurial success. ....... meeting at Stanford, where Dave Packard was the tall, gregarious, can't-miss golden boy sports star and Bill Hewlett was a short, dyslexic, somewhat reserved sort still getting over his father's untimely death ...... shared interest in electronics ..... Hewlett and Packard baked HP instrument panels in Packard's oven and randomly priced their first product in such a way that it was impossible to make a profit ....... worked hard throughout HP's ascendancy to create a family atmosphere, and this is perhaps their greatest legacy ........ handing out bonus checks to employees based on Hewlett-Packard performance and having Friday "beer busts" to let off steam ...... flex time ..... avoiding mass layoffs by sacrificing revenue in favor of employees keeping their jobs ...... from that garage partnership to an incorporated small business to corporate behemoth so smoothly, always with an eye on profits, sentimental toward their employees but never sentimental toward products that no longer make the cut.
Hack-a-Mac - security vulnerability found in Apple's Safari heise Security
Laser equipped laptop! Toshiba’s new Satellite P205 Gadgetell
Taiwan market: HP aiming for 20% growth in business notebooks this ... DigiTimes
Round Two: Intel's Fortunes Rise, and AMD's Fall IT Jungle
Cisco to give lift to Telstra Australian IT
SAP Selects Cisco TelePresence System for Virtual Meeting Experience Web Services Journal
Google Is Riding On The Marratech Express Internet Financial News
Google Buys Video Conferencing Software IDM.net.au
Google rises at Yahoo's expense ZDNet
Yahoo, Slate and Huffington Post to Host First Online Presidential ... Wired News
Microsoft gaming labelled a "disastrous endeavour" Inquirer
IBM Powerizes Linux on Intel apps Register
Face Off: Business Objects vs. Oracle (and Microsoft) Intelligent Enterprise
The New Dotcom Bang: Will Sun Microsystems Shine Again? Seeking Alpha
Wal-Mart Learns Lessons with Organic Foods Reuters.uk
Helen Walton, widow of Wal-Mart founder, dies at 87 Houston Chronicle
Charlie Rose To Host First Online Presidential Debates Search Engine Watch
LA Times to cut up to 150 employees as print revenue declines San Jose Mercury News
Report: Chinese WiMAX Market Will Grow Seven-Fold Between 2009 RF Globalnet (press release)
London Goes Wireless Government Technology
The Future of Wireless Broadband - 3G, 4G, WiMAX.. Who Knows WiMax.com

Bear Stearns: An Investment Bank

Web 5.0: Face Time

JB Hunt Transport Services, Inc. to Participate in the 2007 Bear ... Business Wire (press release), CA
Bear Stearns names European prime brokerage and equity finance heads HedgeWeek, UK
Wabash National Corporation to Present at Bear Stearns Global ... SYS-CON Media, NJ
United States: Ponzi Scheme Transfers By Hedgefund To Broker ... Mondaq News Alerts (subcription), UK
Bear Stearns Companies Inc. Is Taking Out The Highs Of The Day Trading Markets, CA
'07 downturn to sink deeper than expected: Firm Today's Trucking News


Forex - Pound dips below 2 usd after mixed UK retail sales data UPDATE Forbes, NY
Fitch Rates Bear Stearns Commercial Mortgage Securities Trust 2007 ... Business Wire (press release), CA
UPDATE 2-Triarc to sell money manager for about $300 mln Reuters
Earnings rally and firmer crude lift energy stocks MarketWatch
NetEase.com Up on Bear Stearns Upgrade Forbes, NY
Chasing Value: Bear Stearns - cheap and growing Blogging Stocks
Celadon Group to Participate in Bear Stearns Conference. Bear ... dBusinessNews Indianapolis (press release), IN
Bear roars to top of hotel M&A rankings Financial News Online US, UK
Bear Stearns Merchant Banking Acquires Universal Hospital Services ... Trading Markets, CA
Bear Stearns & Co. Starts SUPERVALU Inc. At Outperform With $48.50 ... Trading Markets, CA
RH Donnelley up on takeover speculation BusinessWeek
Bear Stearns & Co. Starts Clearwire Corp. At Peer Perform Trading Markets, CA
Bear Stearns affiliate to buy Universal Hospital Reuters
Bear Stearns Capital Trust III Announces Cash Distribution American Digital Networks (press release), MD

Bear Stearns
Bear Stearns - Wikipedia, the free encyclopedia one of the largest global investment banks and securities trading and brokerage firms in the world. The main business areas, based on 2006 net revenue contribution are: capital markets (equities, fixed income, investment banking; just under 80%), wealth management (under 10%) and global clearing services (12%). The company was founded in 1923 and serves corporations, institutions, governments and individuals. It is one of the few investment banks that has stayed independent and not merged with any other bank throughout its history. The company's business includes corporate finance, mergers and acquisitions, institutional equities and fixed income sales, trading and research, private client services, derivatives, foreign exchange and futures sales and trading, asset management and custody services. Through Bear, Stearns Securities Corp., it offers global clearing services to broker dealers, prime broker clients and other professional traders, including securities lending. Bear Stearns is also known for one of the most widely read market intelligence pieces on the street, known as the "Early Look at the Market - Bear Stearns Morning View." ..... In 2005-2007, Bear Stearns was recognized as the “Most Admired” securities firm in Fortune’s “America’s Most Admired Companies” survey, and second overall in the security firm section. The annual survey is a prestigious ranking of employee talent, quality of management and business innovation. This marks the second time in the past three years that Bear Stearns has achieved this top distinction.
Quote - WSJ.com - for Bear Stearns Cos.
.: Bear Stearns - Global Clearing Services :.
Bear Stearns World Headquarters, New York City
Bear Stearns Asset Management
BSMB
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[PDF]The Underground Labor Force Is Rising To The Surface
BSC - Bear Stearns - Fortune 500 2006 - CNNMoney
Chasing Value: Bear Stearns - cheap and growing - BloggingStocks
Health Innoventures venture capital fund
Tech Trader Daily - Barron’s Online : Yahoo: Bear Stearns Ups Ests ...
BSC: Bear Stearns Cos Quote, News & Summary - AOL Money & Finance
Google Tells eBay Sellers It Will Roll Out Product Search
Financial News and Information from Financial News Online US
Corporate Cash Management Group
[PDF] Bear Stearns.qxp
[PDF] Hewlett-Packard at Bear, Stearns & Co. Annual Technology ...
Bear Stearns - Analyst News | newratings.com
www.bbj.hu :: Bear Stearns upgrades Czech Republic, Hungary is ...
BSC: Basic Chart for BEAR STEARNS COS THE - Yahoo! Finance
BSC: Bear Stearns Cos Fundamentals - AOL Money & Finance
The New York Times: Search > Topic: BEAR STEARNS COS
$14.8 Million Bonus at Bear Stearns - New York Times Bear Stearns gave its chief executive, James E. Cayne, a bonus of stock valued at about $14.8 million after the firm reported its fifth consecutive year of record profit. ..... Mr. Cayne's total pay package, when considered as a portion of the company's total earnings, has typically exceeded that of other chief executives at Wall Street's biggest brokerage firms. Last year, for example, he was paid $30.3 million when Bear Stearns made $1.5 billion. Merrill Lynch's chief executive, E. Stanley O'Neal, got $35.4 million when his company earned $5.1 billion. Fiscal 2006 profit at Bear Stearns surged 40 percent to a record of $2.1 billion. ... Shares of Bear Stearns have almost tripled in the last five years, the best performance among the big brokerage firms.
Bear, Stearns & Co. Inc.: Lit. Rel. No. 18109 / April 28, 2003
boston.stockgroup.com - Overview
The Bear Stearns-NEW Connection: Time To Short Select Investment ...
Bear Stearns chief received $33.85 million last year - Mar. 27, 2007
Google May Be Close To Developing iTunes Competitor - Forbes.com
Bear Stearns Introduces ``BearCast(TM)'' Podcasting Technology ...
BEAR STEARNS Tournament of Champions Squash 2007
Bear Stearns Among Wall Street Movers: Financial News - Yahoo! Finance
Eagle Investment Group Partners With Bear Stearns To Launch ...
Bear Stearns Jobs - Employment Opportunities at Monster.com
AppleInsider | Bear Stearns ups Apple target to $125, says Palm at ...
News - CNBC.com
Bear Stearns: Apple iPhone Should Add $6 Billion Revenue, 22% To ...
bear stearns google ceo schmidt on dmarc youtube
Google's 'Nowhere Near a Bubble' - Bear Stearns - Seeking Alpha
[PDF]Microsoft PowerPoint - Bear Stearns London 022707-HNT [Read-Only]
Bear Stearns to Buy Universal Hospital: Financial News - Yahoo ...
Bear Stearns Files First Active ETF Prospectus: Issues of ...
Merrill aims to catch up with Bear Stearns in subprime mortgage ...
Tech Trader Daily - Barron’s Online : Vonage: Citigroup, Bear ...
Diversity in Action: Bear Stearns' hands-off culture promotes ...
BSC: Summary for BEAR STEARNS COS THE - Yahoo! Finance
UPDATE 1-RESEARCH ALERT-Bear Stearns cuts Cerner to peer perform ...
bank,bear stearns co,bearstearns,earns,mortgage,mortgages ...
blog | nano: Bear Stearns Says NanoBubble Yet to be Blown
China's Richest Man Teams Up With Bear Stearns - Forbes.com Not content to sit by while the fortune he made from building China’s largest electronics retailer is eroded by low interest rates and rising inflation, China’s richest man, Wong Kwong Yu, is busily investing his money. ....... he announced that he is teaming up with Bear Stearns (nyse: BSC - news - people ) to form a private equity fund focused on China’s retail sector. .... Wong’s Eagle Investment Group and Bear Stearns’ private equity arm will each kick in $250 million to invest in local retailers who may have the potential to go national. ..... Wong has ample capital and investment experience at his disposal, having almost doubled his personal fortune in 2006 to $2.3 billion.
Bear Stearns ordered to repay hedge fund $125.1 million ...
HousingPANIC - The Housing (Bubble) Crash Blog with an Attitude ...
newratings.com - full analyst news coverage
Stocks Trading & Investing Tips
R.H. Donnelley Corporation at Bear Stearns Media Conference ...
[PDF] Webcast Bear Stearns Conf 2006 v7.ppt
Bear Stearns sends back-office work to Boston - Daily Business ... Mellon will administer $2.5 billion in client fund assets; among services that Mellon will provide to Bear Stearns are account opening and maintenance, transaction support, custodian reconciliation, and investor reporting.
Bear, Stearns & Co. Inc. Jobs - Yahoo! HotJobs

goldman sachs
merrill lynch
morgan stanley
lehman brothers

Web 5.0: Face Time

We are still mostly Web 1.0. And Web 2.0 has been the in thing. I imagined a Web 3.0: A Web 3.0 Manifesto. Web 3.0 is when the web becomes a utility. How often do you get excited about electricity? I have left Web 4.0 to mean things I can't imagine, let alone deliver. And I am thinking Web 5.0 is going to be face time.

Already social networking is all the rage online. The web is about people. But the technology is still largely clumsy. It will get better. But what if it keeps getting better and better until it is at its absolutely best and there is little room for improvement. At that point you realize that all along what you had really been looking for was face time. Even screen time was about face time.

That face time is what Web 5.0 will be about. And I am talking about face time as technology, almost. As in there will be a scientific approach to it. Assault is illegal right now. Racist comments will be put in the same category as assault in a Web 5.0 world.

In a Web 5.0 world, we will have achieved levels of mental and emotional health that we have achieved today in terms of physical health, in terms of what we know. We will have found a cure for depression and suicide the way we have found cures for polio. Happiness can be imagined as something always-on, like always-on broadband, because sources of unhappiness can be so precisely pinpointed.

It is ridiculous to me to watch people really really struggle with some of their painful past experiences. All they have to do is to relive it, be able to articulate it, and the pain goes away, the puss comes out, and the wound is soon gone.



That Web 5.0 imagination has implications for business practices in a Web 2.0, Web 3.0 world. It is possible to try and create Web 5.0 style group dynamics in a corporation of today. Such a corporation can be invented. That corporation would be 100% meritocratic, and it would be the workplace of the post-ISMs individual. That corporation would think in terms of pure work that is delightful to those who participate in it.

Levels of that Web 5.0 style face time can be achieved in loving relationships today. That perhaps has always been possible.

A Web 3.0 Manifesto
DL21C Events: High Class Acts

In The News

Yahoo's Next Search: A New CEO? BusinessWeek Panama's patina has officially worn off. .....attributed the decline to the phaseout of Microsoft's search ad business and rising costs of driving traffic to Yahoo sites. ..... "The writing is on the wall," wrote Jackson Securities analyst Brian Bolan, speculating that CFO Decker could soon take the helm. "Another quarter with a bottom-line miss will be the last one for Semel." ...... Yahoo expected double-digit improvements in the amount of money it generates per search by the second half of the year. .... Google garnered more than 64% of searches in March. It had slightly more than 58% of searches for the same month last year. ... Yahoo's search share dipped slightly from 22.3% in March, 2006, to 21.3% this year...... Google's brand name and constant innovations in search have proven difficult for competitors to overcome. ...... Yang boasted that Yahoo was the Internet's largest display advertising network
Sprint: Say Bon Voyage to Vonage Vonage, now locked in a patent dispute with Verizon ..... Sprint, which also alleges patent infringement by Vonage. ...... its customer base of 2.2 million is expected to shrink at a rate of more than 27% a year ...... Sprint Nextel has been trying to transform itself into a wireless-only company. ...... In 2006, Sprint spun off its local calling business into a company now called Embarq (EQ). Today, 85% of Sprint sales come from wireless services....... in 2010, 44 million Americans will use Web-calling services, up from 10.3 million last year.
The Marshal of MySpace
BlackBerry service being restored
Google: The Ad Dominator? Google already controls about two-thirds of the roughly $7.7 billion expected to be spent on online search advertising this year ..... the $3.75 billion market for online display advertising—the multimedia ads found in a fixed spot on a Web page ....... "FOG"—"Fear of Google."
Executives Remain Wary of Web 2.0 Instead, they're putting their resources behind technologies that enable automation and networking ..... Web services, including software that enables systems to communicate with each other ...... Collective intelligence, which attempts to tap the wisdom of crowds to make decisions ..... Peer-to-peer networking, a technique for efficiently sharing music, video, or text files ..... social networking .. MySpace and Facebook .... RSS .... podcasts .... wikis ..... blogs .... mash-ups ..... in a knowledge economy where companies remain hierarchical in structure, knowledge is power ..... people with heavy knowledge tend to keep that for themselves ...... companies serious about embracing these collaborative technologies will need to find a new incentive system for employees. ...... Baby boomers, who still make up the majority of the workforce, are used to picking up the phone.
iPhone: Harder to Build than Apple Thought The cell phone "contains the most sophisticated software ever shipped on a mobile device"
Toshiba's Flashy New Look at Chips The plunge in global chip prices over the past year is enough to make any semiconductor executive nervous. .... He's betting that laptop PC makers will shift to a hybrid of hard disk drives and flash memory. .... consumers are likely to snap up the next-generation HD-DVD recorders and players, further fueling chip demand. ..... The demand for nuclear reactors in China, India, and even the U.S. seems real and lasting....... hoping for a resurgence in demand later this year, due to Apple's iPhone.......
The High-Tech Home of Tomorrow "There is no doubt that the way we live will be different in the future," Gates said at the time. "The advances in PC technology and low-cost communications are bringing a revolution."
VCs Aim to Out-Angel the Angels Khosla investments range from $100,000 to $25 million, in areas including Internet technology and clean energy.
The End of a 1,400-Year-Old Business Kongo Gumi's case suggests that it's a good idea to operate in a stable industry. ..... cited the company's flexibility in selecting leaders as a key factor in its longevity ...... the practice of sons-in-law taking the family name when they joined the family firm. ...... mingle elements of conservatism and flexibility ...... switched temporarily to crafting coffins during World War II. ..... Despite its incredible history, it was a set of ordinary circumstances that brought Kongo Gumi down at last. ...... during the 1980s bubble economy in Japan, the company borrowed heavily to invest in real estate ...... social changes in Japan brought about declining contributions to temples ....... in 2006, the end arrived. The company's borrowings had ballooned to $343 million and it was no longer possible to service the debt. ....... evolve as business conditions require, but don't get carried away with temporary enthusiasms and sacrifice financial stability for what looks like an opportunity
The 10 Worst Corporate Practices
The World's Most Livable Cities
Asia's Most Livable Cities
The Coming Virtual Web more realistic, interactive, and social ..... Neal Stephenson published Snow Crash in 1992 ..... The metaverse, as Stephenson called it, was essentially the Internet. .... the popular online role-playing game World of Warcraft, which is revolutionizing online games with sophisticated graphics and complex team strategy. ..... There, Entropia Universe, and Second Life ..... online games and virtual economies. ..... virtual worlds are inherently social settings. "You go up to an avatar and you know there's a real person on the other end" ...... social activity dominates what people want to do online. ...... the 3D Internet ..... many people don't even have personal computers that can handle the often heavy processing demands of virtual worlds. The amount of data required by 3D environments also can tax even high-speed Internet connections. ...... 3D excels for a number of applications, such as medical scans, architecture, and chemical modeling, most information is best accessed and analyzed in more mundane, 2D fashion. ....... Dozens of universities are conducting classes and other activities inside Second Life. At Ball State University in Muncie, Ind., for instance, some freshmen are taking the English 104 composition course partly inside the world, writing about field trips they take inside Second Life. A sign of how compelling the notion is: The first class drew 300 applicants for 18 slots. ........ inject real-world richness into online business negotiations and collaboration ...... people are more influential when they look directly at their counterpart ..... PCs need the benefit of a few more rounds of graphics-chip improvements, as well as faster broadband speeds.