Archive | September, 2011

NY Tech Club Getting Ready for Startup Week

29 Sep

Tech@NYU is revving up for their semi-annual Startup Week for entrepreneurs, techies, businesses, and more.

The event kicks off on Saturday with the 24-hour hackathon put on by hackNY, where teams compete to build applications and are rated on an “awesomeness” factor. The 2011 Spring winner was for an Etsy Shopping Network, an application that puts the entire Etsy catalog on your television.

After the caffeine infested, adrenaline rush event is finished, the week following is full of panels and workshops with various subjects. (more…)

Facebook Offers Incentive to Small Businesses—Good Deed or a Ploy?

21 Sep

Last week, Facebook announced an incentive plan for small businesses by offering a $50 credit to 200,000 small business for use on their advertising plan.

COO Sheryl Sandberg, former vice president of global online sales and operations for Google, is hoping to pump up revenue from ads offered on Facebook by targeting small businesses.

Sandberg estimates of the 30 million small businesses, 9 million are using Facebook to promote their business through page creations. She is hoping the credit will spark businesses to spend money on Facebook in the form of ads. (more…)

NYU Social Entrepreneur Speaker Series Presents One Laptop Per Child Founder

19 Sep

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“Two billion children in developing countries do not have or have very limited access to schooling,” Nicholas Negroponte, founder of One Laptop Per Child, told a crowd of hopeful social entrepreneurs at NYU on Thursday. He is changing that alarming statistic with his non-profit organization.

The mission of One Laptop Per Child (OLPC) is to provide children from developing countries access to education through their very own laptop. The laptop, XO, is usually issued through governments and then distributed throughout the country. The current price is extremely low at $185 but don’t let the price deter you from its capability. These computers are amazing little pieces of technology. (more…)

Game On: Teaching History with Interactive Scavenger Hunt

14 Sep

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Author’s Note: The below blog was a class assignment and is not related to entrepreneurs.

Part classroom shake-up, part team-building, and part possible guinea pigs for his new book project, Everyone a Player, Professor Penenberg designed a scavenger hunt for our writing class to get us acquainted with Wall Street and being a reporter.  I was all game.

Put on by Stray Boots, the idea was simple—receive text clues, hunt down the answer, reply, and move on to the next one. Even though we lost with sweat dripping down us, I loved the team building, brain racking, and instant gratification texts (you are correct!). Plus, I believe I actually will remember more from being involved in a game than reading it in a book. Stray Boots and thousands of other companies may be onto something. (more…)

New Trend? Entrepreneurs Taking a Pass at School

12 Sep

With students heading back to school in hopes of becoming the next Mark Zuckerberg, many people believe four-year programs are becoming a thing of the past.

This year Peter Thiele, co-founder of PayPal, launched the fellowship, “20 under 20” with the hopes of finding top entrepreneurs wanting to improve the world. The  handful of finalists received a $100,000 grant, and the opportunity to mentor with elite leaders of Silicon Valley. The only catch? They are not allowed to enroll in college.

As Thiele’s program was announced, controversy stirred in the educational system with many appalled by his initiative. Others were left wondering if education was becoming obsolete for entrepreneurs. (more…)

Ideeli: The Real Star of Fashion Week

10 Sep

With Inc. Magazine naming Ideeli the fastest growing company of the year and the Mercedes-Benz Fashion Week in full swing, I thought it would be the perfect time to examine where  fashion entrepreneurs are succeeding.

With super models strutting down the catwalk, a continuous flashing of bulbs, and the sounds of thunderous applause, the Mercedes-Benz Fashion Week is a dream come true for any fashion entrepreneur.

Rafael Cennamo, one of the notable newbie designers, explained to The New York Times

“Mercedes-Benz Fashion Week is a way to show the world exactly who I am.”

With notoriety, comes quite a hefty price tag. According to The New York Times article, “No Beginner Discounts at Lincoln Center,” the average cost to put on a 15-minute show can range anywhere between $30,000-$100,000, with more established designers spending up to $500,000. This is no easy feat for anyone, especially young designers,  and with an unknown return on investment, it makes taking the plunge that much more difficult. That being said, in the world of fashion many designers, including Cennamo, must find some way to, as Tim Gunn would say, “make it work.” (more…)


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