Startups anonymous: The greatest lesson I never learned

Startups anonymous: The greatest lesson I never learned

BY STARTUPS ANONYMOUS 
ON MARCH 5, 2014

[This is a weekly series that brings you raw, first-hand experiences from founders and investors in the trenches. Their story submissions are anonymous, allowing them to share openly without fear of retribution. Every Wednesday, we’ll run one new story chosen by Dana Severson, who operates StartupsAnonymous, a place for startups to share, ask questions, and  answer them in story-length posts, all anonymously.] Read more of this post

In South Korea, mobile shoppers exceed 20 million

South Korea: M-commerce grows

By beSUCCESS

In South Korea, mobile shoppers exceed 20 million

recent survey has shown that Koreans using mobile shopping applications has grown such that there are now more mobile shoppers than there are KakaoGame players in Korea. Read more of this post

The acquisition that cost Steve Ballmer his job

The acquisition that cost Steve Ballmer his job

BY NATHANIEL MOTT 
ON MARCH 5, 2014

Steve Ballmer, the former chief executive of Microsoft, fought to make the previously software-focused company into a successful hardware-maker. Under his tenure the company introduced the popular Xbox console, shipped multiple versions of the unpopular Surface tablet line, and acquired Nokia’s phone-making business to finally compete in the global smartphone market. Read more of this post

Bitcoin CEO Radtke, 28, was wrestling with professional and personal pressures, not least running a start-up that was struggling to gain traction

CEO in apparent suicide was bitcoin fan, had other issues, too

4:16am EST

By Jeremy Wagstaff and Rujun Shen

SINGAPORE (Reuters) – A young American CEO who apparently committed suicide in Singapore was involved in the world of the bitcoin, but was also struggling with other issues prior to her death, friends and colleagues said. Read more of this post

Let’s bring back economic planning in Korea

2014-03-06 16:58

Let’s bring back economic planning

Lee Chang-sup
In the 1980s, Koreans regarded a 7 percent economic growth as a “recession.” Today, however, President Park Geun-hye struggles to achieve even a 4 percent growth. Read more of this post

How India’s Hotel Industry Is Beating The Downturn

How India’s Hotel Industry Is Beating The Downturn

by Prince Mathews Thomas | Mar 6, 2014

The economic slowdown has had little impact on growth in India’s hotel industry. Here’s how players will handle this dichotomy Read more of this post

By delivering improved eyesight at your doorstep, Lenskart.com’s Peyush Bansal believes he is well-placed to capitalise on the growing eyewear industry in India

Lenskart.com Has Set Sights on $10 Bn Market

by Shravan Bhat | Mar 6, 2014

By delivering improved eyesight at your doorstep, Lenskart.com‘s Peyush Bansal believes he is well-placed to capitalise on the growing eyewear industry in India

To test his latest offering Peyush Bansal likes to accompany his sales team on house calls. It was a Sunday house call in the western suburbs of Mumbai. They had gone to conduct an eye test and, hopefully, convince a middle-aged woman to buy a chic pair of glasses. Once successful, they asked her 20-something daughter if she’d like a free eye test; it turned out that the daughter, who had been riveted to a TV serial, had a power of -5, but didn’t have corrective lenses. Bansal persuaded her to buy spectacles too. “Maybe now she’ll know what her favourite actress actually looks like!” he says.   Read more of this post

Why Work Is Lonely

Why Work Is Lonely

by Gianpiero Petriglieri  |   1:00 PM March 5, 2014

There is an old cartoon I often show to the managers I work with. It portrays a smiling executive team around a long table. The chairman is asking, “All in favor?” Everyone’s hand is up. Meanwhile, the cloud hovering above each head contains a dissonant view: “You’ve got to be kidding;” “Heaven forbid;” “Perish the thought.” It never fails to provoke awkward laughter of self-recognition. Read more of this post

Indian universities fail to make global top 100 cut

Indian universities fail to make global top 100 cut

LONDON, MAR 6:  

India’s struggle to break into the list of world’s top 100 universities continued as the higher education institutions from the country yet again failed to impress academics across the world. Read more of this post

Singapore’s Megachurches Move to Export Lucrative Religion

Singapore’s Megachurches Move to Export Lucrative Religion

By Laura Philomin on 1:38 pm March 6, 2014.
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Worshippers attend a church service at the City Harvest Church in Singapore March 1, 2014. (Reuters Photo/Edgar Su)

Singapore. “God is here, God is here,” croons Singapore church official Sun Ho as she struts across a neon-lit stage and thousands of people in the congregation pump their hands and sing along. Read more of this post

In Military We Trust? Strongman Nostalgia Runs Strong Among Indonesian Voters

In Military We Trust? Strongman Nostalgia Runs Strong Among Indonesian Voters

By Jakarta Globe on 9:31 am March 6, 2014.
Jakarta. Indonesian voters still prefer a presidential or vice presidential candidate with a military background over a civilian, a recent poll concluded. Read more of this post

Ignoring pain can lead to problems, hasten death for elderly

Ignoring pain can lead to problems, hasten death for elderly

Jane Brody

Updated 6:25 am, Wednesday, March 5, 2014

Into every life, a little pain must fall.

My friends and I, all well into our Medicare years, often joke that if nothing hurts, you must be dead. In truth, pain is not a normal part of aging, experts note, and should not be ignored. Read more of this post

A New SAT Aims to Realign With Schoolwork; for many students, the tests are mysterious and “filled with unproductive anxiety.” And they inspire little respect from classroom teachers: only 20% see the college-admission tests as a fair measure

A New SAT Aims to Realign With Schoolwork

By TAMAR LEWINMARCH 5, 2014

The overall scoring will return to the old 1600 scales, based on a top score of 800 in reading and math. CreditRui Vieira/Press Association

Saying its college admission exams do not focus enough on the important academic skills, the College Board announced on Wednesday a fundamental rethinking of the SAT, ending the longstanding penalty for guessing wrong, cutting obscure vocabulary words and making the essay optional. Read more of this post

Early Treatment Is Found to Clear H.I.V. in a 2nd Baby

Early Treatment Is Found to Clear H.I.V. in a 2nd Baby

By DONALD G. McNEIL Jr.MARCH 5, 2014

BOSTON — When scientists made the stunning announcement last year that a baby born with H.I.V. had apparently been cured through aggressive drug treatment just 30 hours after birth, there was immediate skepticism that the child had been infected in the first place. Read more of this post

The One Statistic That Matters Most To Warby Parker’s Founders: Net Promoter Score, which is a measurement of customer satisfaction

The One Statistic That Matters Most To Warby Parker’s Founders

RICHARD FELONI STRATEGY  MAR. 6, 2014, 4:57 AM

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Warby Parker co-founder and co-CEO Dave Gilboa.

David Gilboa founded the innovative eyewear e-commerce company Warby Parker with his Wharton Business School buddies Neil Blumenthal, Andrew Hunt, and Jeffrey Raider back in 2010. Since then, the brand has sold more than half-a-million frames, an impressive number for an online startup competing against the near-monopolistic Luxottica prescription eyewear corporation. Read more of this post

For Those Who Get Discouraged When They Hear The Word ‘No’… Here’s A Rejection Letter U2 Got From A Record Label In 1979

For Those Who Get Discouraged When They Hear The Word ‘No’… Here’s A Rejection Letter U2 Got From A Record Label In 1979

HENRY BLODGET STRATEGY  MAR. 5, 2014, 11:38 PM

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@uberfacts

RSO Records sends Paul Hewson (a.k.a., “Bono”) the bad news…

It sucks to hear the word “no.” Read more of this post

At Family Firms, Do CEOs Work Fewer Hours?

At Family Firms, Do CEOs Work Fewer Hours?

RACHEL FEINTZEIG

March 5, 2014 6:54 p.m. ET

What’s the difference between a family firm and a regular business? According to one new study, an empty corner office. Read more of this post

Why we see bosses as parents; Family relationships are often unconsciously recreated at work

March 5, 2014 4:25 pm

Why we see bosses as parents

By Naomi Shragai

When people close their front door in the morning and think they have left their families behind them for a simpler life at work, they are often mistaken. Our families, particularly our earliest relationships, live inside our minds and find their way into all our subsequent relationships, including those in the workplace. Read more of this post

What to do when you have been ‘dreedled’; Many an executive is given to passing unpleasant or daft orders down the line

March 5, 2014 4:15 pm

What to do when you have been ‘dreedled’

By Michael Skapinker

Many an executive is given to passing unpleasant or daft orders down the line

In any organisation, at some point in your career, you are almost certain to be “dreedled” – told to do something by a superior because the superior prefers not to do it. And they, in turn, will often have been told to do it by their superior, who will have been told to do it by theirs. Read more of this post

On investing: The patient and the brave

Updated: Thursday March 6, 2014 MYT 11:22:30 AM

On investing: The patient and the brave

BY JAMES SAFT

REUTERS:  There are two main ways to get paid as a value investor: one is by avoiding the mistakes of your peers, the other is by making some mistakes of your own. Read more of this post

Investment: A better bubble; The current froth in technology stocks is driven by revenue. That does not make it rational

March 5, 2014 7:49 pm

Investment: A better bubble

By James Mackintosh and Lex reporters

The current froth in technology stocks is driven by revenue. That does not make it rational

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In the world of technology stocks, it is February 2000 – at least as measured by the Nasdaq Composite, the index preferred by tech investors. A week ago it hit a level topped only during the final month of dotcom insanity before that bubble burst in March 2000. Read more of this post

How AT Cross rewrote its future; The US pen maker won a name for stylish sunglasses

March 5, 2014 4:34 pm

How AT Cross rewrote its future

By David Gray and Seán Meehan

The story. The recent $270m acquisition by Essilor of Costa Inc, which owns the sports sunglasses brand Costa del Mar, was the culmination of a remarkable and unlikely transformation of AT Cross, the 165-year-old US company known for making fine writing instruments. Read more of this post

Technology companies eye health market

March 6, 2014 6:24 am

Technology companies eye health market

By Andrew Ward

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Wellbeing: a contact lens could help patients manage diabetes by monitoring blood sugar levels in the eye

When Google announced a venture last year to engage in “moon shot” thinking on health, wellbeing and ageing, it was mocked by critics as being another sign of the internet group’s overweening ambition. Read more of this post

EBay CEO Reiterates Company Stronger With PayPal

EBay CEO Reiterates Company Stronger With PayPal

John Donahoe, in Interview, Disputes Criticisms by Carl Icahn, Defends Director Andreessen

GREG BENSINGER

March 4, 2014 1:10 p.m. ET

EBay Inc. EBAY -0.34% Chief Executive John Donahoe has battled to revive the online marketplace to take on other giants like Amazon.com Inc. AMZN +2.33% Now, he’s facing a very different foe: activist investor Carl Icahn. Read more of this post

FitBit CEO James Park discusses what’s next for his company following the recall of its Force wearable fitness gadget. Maker of Wearable Gadgets Says Building Hardware Is Hard, ‘Mistakes Can Be Expensive’

FitBit Chief on Recall, What’s Next

Maker of Wearable Gadgets Says Building Hardware Is Hard, ‘Mistakes Can Be Expensive’

TIMOTHY HAY

March 5, 2014 7:36 p.m. ET

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Entrepreneur James Park says software can be tweaked but ‘with hardware, you make your bet a year-and-a-half in advance, then you live with it.’ Jason Henry for The Wall Street Journal

Entrepreneur James Park says he was out-of-shape, hanging out at home playing videogames, when he had the idea to build a new wearable tech device. Read more of this post

China Faces Test With Potential Corporate Bond Default; Government and Banks Have Stepped in to Avoid Past Failures; Investors and economists poised to cheer China bond default

China Faces Test With Potential Corporate Bond Default

Government and Banks Have Stepped in to Avoid Past Failures

LINGLING WEI

March 5, 2014 7:55 a.m. ET

BEIJING—The first potential default in China’s fast-growing corporate bond market offers a test of whether Beijing will allow a long-taboo practice as it seeks to rein in runaway credit: corporate failures. Read more of this post

IBM workers strike in China over terms of Lenovo takeover

March 6, 2014 3:24 am

IBM workers strike in China over terms of Lenovo takeover

By Tom Mitchell and Charles Clover in Beijing

More than 1,000 workers went on strike at an IBM factory in southern China to object to the terms of their transfer to Lenovo as part of its $2.3bn acquisition of the US technology group’s x86 server business. Read more of this post

Driving Through the Data Fog in Asia

Mar 5, 2014

Driving Through the Data Fog

Michael S. Arnold

Economic data are by nature imprecise: Witness how often the initial readings need to be revised, in some cases significantly. Read more of this post

China’s Cofco takes on global trading houses

March 5, 2014 1:33 pm

China’s Cofco takes on global trading houses

By Lucy Hornby in Beijing and Gregory Meyer in New York

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Two years ago China’s state-owned grains trader announced a $10bn war chest for foreign mergers and acquisitions. It has now shown the will to act. Read more of this post

Asia’s currency rollercoaster creates winners and losers

March 6, 2014 4:10 am

Asia’s currency rollercoaster creates winners and losers

By Josh Noble in Hong Kong

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Central bank policies in the US and Japan have buffeted Asian currencies in the past 12 months, sending the Indian rupee down 15 per cent, the yen lower by 10 per cent, and wiping a fifth off the value of the rupiah. But they have also created some unlikely winners and losers across the region, from Mickey Mouse to pickled cabbage. Read more of this post

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