10 Rejection Letters Sent to Famous People

10 Rejection Letters Sent to Famous People

Jennifer M Wood

We’ve all heard that the road to success is paved with failure. But that doesn’t make rejection any easier to swallow. What does help? Knowing that the world’s most talented people have been there, too. Here are 10 actual rejection letters that prove it.

1. U2 Read more of this post

Tipping Point: U.S. Mobile Data Revenues Outweighed Those Of Voice In 2013, On Track For $100B/Year

Tipping Point: U.S. Mobile Data Revenues Outweighed Those Of Voice In 2013, On Track For $100B/Year

Posted yesterday by Ingrid Lunden (@ingridlunden)

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China may be the biggest of all when it comes to the sheer volume of users in its mobile market — 700 smartphone and tablet users, and counting — but when it comes to revenues from the new wave of data services beyond legacy voice calls, it’s the U.S. that continues to lead. New research out today from Chetan Sharma notes that collectively, mobile data revenues in the U.S. market were $90 billion for 2013, and that this year it will become the first country to pass $100 billion annually. Read more of this post

India’s TeaBox Raises Seed Funding From Accel To Build An Online Starbucks For Disrupting Global Tea Market

India’s TeaBox Raises Seed Funding From Accel To Build An Online Starbucks For Disrupting Global Tea Market

Posted 1 hour ago by Pankaj Mishra (@pankajontech)

In a world rediscovering its old tea drinking habits, finding a freshly-brewed cup of the hot beverage is still very tough, especially if you are a tea aficionado based in the U.S. or Europe. For the world’s second most popular beverage after water, the distribution and production models are still very ancient, perhaps waiting for their own version of Starbucks to happen. Read more of this post

It is the nature of governance that determines whether people deploy their talents and energy in pursuit of innovation, production, and job creation, or in rent seeking and lobbying for political protection

KEMAL DERVIŞ

Kemal Derviş, former Minister of Economic Affairs of Turkey and former Administrator for the United Nations Development Program (UNDP), is Vice President of the Brookings Institution.

MAR 13, 2014

Good Governance and Economic Performance

BERLIN – The debate about emerging countries’ growth prospects is now in full swing. Pessimists stress the feared reversal of private capital flows, owing to the US Federal Reserve’s tapering of its purchases of long-term assets, as well as the difficulties of so-called second- and third-generation structural reforms and the limits to “catch up” growth outside of manufacturing. Optimists argue that the potential for rapid growth remains immense, owing to better macroeconomic fundamentals and the promise of best-practice technology spreading throughout the emerging world. Read more of this post

Starbucks gives up exclusive license to high-end Keurig pods

Starbucks gives up exclusive license to high-end Keurig pods

9:20am EDT

(Reuters) – Starbucks Corp (SBUX.O: QuoteProfile,ResearchStock Buzz) will get a wider selection of Keurig Green Mountain Inc’s (GMCR.O: QuoteProfileResearch,Stock Buzz) single-serve K-Cup coffee packs, in exchange for giving up the exclusive license for Keurig’s highest-end coffee packs, the companies said on Friday. Read more of this post

How Steve Jobs Got the iPhone Into Japan

How Steve Jobs Got the iPhone Into Japan

By Mark Milian  Mar 12, 2014

The iPhone, it’s safe to say, is big in Japan. Toward the end of last year, three out of every four smartphones sold in Japan were iPhones, according to market researcher Kantar Worldpanel ComTech. Tim Cook said during Apple’s most recent earnings call that its phone sales in the country shot up 40 percent after it signed a deal with NTT Docomo. Read more of this post

Bill Gates: The Rolling Stone Interview; “In his view, the world is a giant operating system that just needs to be debugged”

Bill Gates: The Rolling Stone Interview

The richest man in the world explains how to save the planet

by JEFF GOODELL

MARCH 13, 2014

At 58, Bill Gates is not only the richest man in the world, with a fortune that now exceeds $76 billion, but he may also be the most optimistic. In his view, the world is a giant operating system that just needs to be debugged. Gates’ driving idea – the idea that animates his life, that guides his philanthropy, that keeps him late in his sleek book-lined office overlooking Lake Washington, outside Seattle – is the hacker’s notion that the code for these problems can be rewritten, that errors can be fixed, that huge systems – whether it’s Windows 8, global poverty or climate change – can be improved if you have the right tools and the right skills. The Bill & Melinda Gates Foundation, the philanthropic organization with a $36 billion endowment that he runs with his wife, is like a giant startup whose target market is human civilization. Read more of this post

Missing plane may cool Malaysia tourism, airline bookings

Missing plane may cool Malaysia tourism, airline bookings

4:04am EDT

By Brian Leonal and Al-Zaquan Amer Hamzah

SINGAPORE/KUALA LUMPUR (Reuters) – Loss-making Malaysian Airline System risks losing out on lucrative corporate business from travelers outside the country in the wake of the disappearance of a China-bound flight carrying 239 people, travel agents warned. Read more of this post

Lessons From Pixar President Ed Catmull: Your Ideas Are “Ugly Babies,” You Are Their Champion

LESSONS FROM PIXAR PRESIDENT ED CATMULL: YOUR IDEAS ARE “UGLY BABIES,” YOU ARE THEIR CHAMPION

PIXAR PRESIDENT ED CATMULL INSISTS THAT EVERY MOVIE THE COMPANY MAKES STARTS OUT “UGLY”–AND THAT EARLY, ILL-DEFINED IDEAS NEED PROTECTION THE MOST, LEST THEY DIE TOO YOUNG.

BY ED CATMULL

After the original leaders of animation left Disney in the 1990s, the new people running things were from production. And they brought their values, which were to keep the production people busy and productive with one movie after another. So story development was organized in the same way they organized production. As a consequence of this “feed the beast” mentality, a balance was lost at Disney. Read more of this post

Chipotle set out to challenge fast food trends and be better than the competition–in the end, they launched a new industry. Here’s how they rose to the top of the fast-food chain

HOW CHIPOTLE CHANGED AMERICAN FAST FOOD FOREVER

CHIPOTLE SET OUT TO CHALLENGE FAST FOOD TRENDS AND BE BETTER THAN THE COMPETITION–IN THE END, THEY LAUNCHED A NEW INDUSTRY. HERE’S HOW THEY ROSE TO THE TOP OF THE FAST-FOOD CHAIN.

BY DENISE LEE YOHN

In 1991, Steve Ells couldn’t afford to eat regularly at the legendary Stars restaurant where he was working as a $12-an-hour line cook. Instead, he was more frequently found gorging himself on giant burritos at a taquería in San Francisco’s Mission District called Zona Rosa. It was there, over a carnitas burrito, that Ells had the insight that would change his life–and American fast food–forever. Read more of this post

The Only 8 Numbers You Need To Do Math

The Only 8 Numbers You Need To Do Math

ANDY KIERSZ MARKETS  MAR. 14, 2014, 6:25 PM

Happy Pi Day!

It’s March 13, or 3/14. Those are the first three digits of Pi, the ratio that enables us to compute the circumference of a circle. Read more of this post

March 14, 2015 Will Be A Once-In-A-Century Thrill For Math Geeks

March 14, 2015 Will Be A Once-In-A-Century Thrill For Math Geeks

SAM RO FINANCE  MAR. 14, 2014, 6:00 AM

Anyone who remembers middle school geometry knows at least a little bit about Pi, the ratio that allows us to compute the circumference, area, and volume of round things. Read more of this post

People make commitments – to a nation, faith, calling or loved ones – and endure the sacrifices those commitments demand. Often this depth is built by fighting against natural evolutionary predispositions

The Deepest Self

MARCH 13, 2014

David Brooks

There is, by now, a large literature on the chemistry and biology of love and sex. If you dive into that literature, you learn pretty quickly that our love lives are biased by all sorts of deep unconscious processes. When men become fathers, their testosterone levels drop, thus reducing their sex drive. There’s some evidence that it’s the smell of their own infants (but not other people’s infants) that sets this off. Read more of this post

Pick gene pool with care on family concerns; Sir Henry Keswick maintains that shares in Jardine Matheson have outperformed those in Berkshire Hathaway

March 14, 2014 8:12 am

Pick gene pool with care on family concerns

By Neil Collins

While Keswicks nurture, newer families piggy-bank raid

Sir Henry Keswick maintains that shares in Jardine Matheson have outperformed those in Berkshire Hathaway, the stock widely considered about the best long-term investment on the planet. Well, it depends where you start, but Jardine shares have multiplied 10 times in 12 years, never mind the dividends. Read more of this post

In less than a decade, Marco Dunand and Daniel Jaeggi have built Mercuria from a 10-person company supplying oil to a pair of Polish refineries into the world’s fourth-largest commodity trader, with revenue topping $100 billion

Mercuria: A Commodity Trading Powerhouse’s Quiet Rise

By Andy Hoffman and Chanyaporn Chanjaroen March 13, 2014

In less than a decade, Marco Dunand and Daniel Jaeggi have built Mercuria from a 10-person company supplying oil to a pair of Polish refineries into the world’s fourth-largest commodity trader, with revenue topping $100 billion last year. They’re not stopping there. Dunand and Jaeggi are on the verge of striking a deal to buy JPMorgan Chase’s (JPM) $3.3 billion commodities unit, according to two people with knowledge of the situation. “This gives them a strong opportunity for growth and puts them close to the top players in the league,” says Roland Rechtsteiner, a partner at management consultant Oliver Wyman. “Scale is going to be more important than ever.” Read more of this post

Hedge Funds’ Big Bet on Fannie and Freddie May End Up Worthless

Hedge Funds’ Big Bet on Fannie and Freddie May End Up Worthless

By Jody Shenn March 13, 2014

Almost six years after bad home loans crippled the economy, Perry Capital and other big hedge funds are battling the government over the future of mortgage companies Fannie Mae (FNMA) and Freddie Mac (FMCC), which needed taxpayer bailouts to survive. If the investors prevail in the courts or in Congress, they could enjoy one of the biggest paydays in history. And Todd Westhus, who spearheaded Perry Capital’s purchase of Fannie and Freddie preferred shares when they were trading for pennies in 2010, could join the ranks of hedge fund legends George Soros and John Paulson. The bet on the once-battered stocks is “the biggest distressed trade in history,” says David Ford, co-founder of hedge fund Latigo Partners, which owns shares in Fannie and Freddie. Read more of this post

Planet Labs aims for new frontier of image data; 100 small satellites will photograph entire globe every 24 hours

March 14, 2014 4:06 am

Planet Labs aims for new frontier of image data

By Tim Bradshaw in San Francisco

Just a few years ago Ordnance Survey, Britain’s national mapping agency, boasted that its map of every corner of the country was updated at least once every 18 months. “That’s a lot of change,” it said in a 2011 blogpost. Read more of this post

Li Ka-shing steps back from ports business

March 14, 2014 6:46 am

Li Ka-shing steps back from ports business

By Paul J Davies in Hong Kong

Two of Hong Kong’s biggest tycoons have taken diverging approaches in adjusting their portfolios, as Cheng Yu Tung’s sprawling New World Development group said it would reacquire its Chinese arm while Li Ka-shing took a step away from his ports business. Read more of this post

There are no runners-up in this tech boom; Business models are more profitable but competition is rampant

March 14, 2014 8:33 am

There are no runners-up in this tech boom

By Henny Sender

Business models are more profitable but competition is rampant

Silicon Valley is known for its paranoia. It is understandable that the entrepreneurs and venture capitalists who finance business there are looking over their shoulders wondering who next is going to marginalise their companies and their investments. Tech companies can have an incredibly short life – the definition of cool can change in a nanosecond. Read more of this post

Europe’s coco bonds risk turning into coco pops

March 13, 2014 6:00 am

Europe’s coco bonds risk turning into coco pops

By Ralph Atkins

Danger of safety valves turning into poor deal for investors

Beware financial innovation – this was an important lesson of the global financial crisis. Regulators and investors have become wise to “financial market engineering” – the dreaming up by bankers of new ways of apparently spreading risks. Read more of this post

Former Indonesian president Megawati Sukarnoputri has ended months of speculation by selecting the country’s most popular politician, Jakarta governor Joko Widodo, as her party’s candidate for July’s transformative presidential election

March 14, 2014 9:06 am

Widodo to contest Indonesian presidency

By Ben Bland in Jakarta

Former Indonesian president Megawati Sukarnoputri has ended months of speculation by selecting the country’s most popular politician, Jakarta governor Joko Widodo, as her party’s candidate for July’s transformative presidential election. Read more of this post

Games creators ask investors to play along

March 13, 2014 12:40 pm

Games creators ask investors to play along

By Richard Waters

‘Candy Crush’ maker’s IPO shines a spotlight on a current bonanza

Why would any sane investor put money into a business that depends on the fickle abilities of a creative few to deliver blockbuster hits? Read more of this post

Silicon Valley is turning our lives into an asset class

Last updated: March 13, 2014 3:38 pm

Silicon Valley is turning our lives into an asset class

By Evgeny Morozov

Tech titans with better data and engineers will disrupt Wall Street, writes Evgeny Morozov

In the past few decades, Wall Street has made finance a central feature of both the global economy and of our everyday lives – a process often described as “financialisation”. Silicon Valley, almost contemporaneously, has done the same for digital media technologies. That process, too, has a fancy name: “mediatisation”. Read more of this post

“Rocky,” directed with immense panache and soaring physicality, is an unpretentious slice of honest entertainment that will set the snobbiest of theatergoers to cheering in spite of themselves

Yo, Broadway, It’s Rocky!

TERRY TEACHOUT

March 13, 2014 10:00 p.m. ET

Rocky

Winter Garden Theatre, 1634 Broadway ($79-$143)

212-239-6200/800-432-7250

New York

It’s been four decades since Sylvester Stallone turned himself into the unlikeliest of screen superstars by playing a small-time Philadelphia boxer who longs to be a contender. Now “Rocky,” a no-budget quickie that grossed $225 million, won the best-picture Oscar and spawned five sequels, has become a big-budget Broadway musical with a score by Lynn Ahrens and Stephen Flaherty (“Ragtime”) and a book co-written by Mr. Stallone and Thomas Meehan (“Annie,” “The Producers”). That’s a high-toned pedigree, especially for a musical based on a movie that the cognoscenti long ago wrote off as a lowbrow joke. Read more of this post

Robert Rickel, who along with two brothers founded a chain of home improvement stores that were precursors to retail giants like Home Depot and Lowe’s, died at 90

Robert Rickel, a Founder of Hardware Supermarkets, Dies at 90

By KATIE THOMASMARCH 13, 2014

Robert Rickel, who along with two brothers founded a chain of home improvement stores that were precursors to retail giants like Home Depot and Lowe’s, died on Sunday at his home in Boca Raton, Fla. He was 90. Read more of this post

Building an App Portfolio for Innovation

March 13, 2014, 11:43 AM ET

Building an App Portfolio for Innovation

By Ron Tolido

Show me your application landscape, and I’ll tell you about your organization. Computer programmer Melvin Conway noted in 1968 that the interface structure of software systems is destined to reflect the organization that produces it. This eventually became known as Conway’s Law. Read more of this post

Antisocial: Why New Communication Tools Aren’t Catching on Faster at Work

March 13, 2014, 11:06 AM ET

Antisocial: Why New Communication Tools Aren’t Catching on Faster at Work

STEVE ROSENBUSH

Deputy Editor

The growth of new customers at Jive Software Inc.JIVE -0.45% reportedly has slowed, and the company is said to have put itself on the block, potentially raising questions about the outlook for a new generation of tools for collaboration and communication at work. Read more of this post

DreamWorks Studio Needs a New Script; Struggling Studio, Born of SKG ‘Dream Team,’ Strives Not Just for a Hit, but a Franchise

DreamWorks Studio Needs a New Script

Struggling Studio, Born of SKG ‘Dream Team,’ Strives Not Just for a Hit, but a Franchise

BEN FRITZ

March 13, 2014 4:02 p.m. ET

DreamWorks is hoping a car-chase movie based on the videogame ‘Need for Speed’ can revive the company. Ben Fritz reports on the News Hub. Photo: Dreamworks II. Read more of this post

Samsung to Investors: In Turmoil, We’ll Keep the Money, co-CEO Kwon said the company needed to keep its powder dry to invest more in R&D, as well as marketing, as new tech trends emerge

Mar 14, 2014

Samsung to Investors: In Turmoil, We’ll Keep the Money

JONATHAN CHENG

Samsung Electronics005930.SE -1.16% co-CEO Kwon Oh-hyun wants to return more of the company’s $50 billion cash pile to investors.

But he says he can’t. Read more of this post

Dolby Targets the Conference Call; Company to Add Speakerphone to Its Effort

Dolby Targets the Conference Call

Company to Add Speakerphone to Its Effort

DON CLARK

March 13, 2014 5:30 p.m. ET

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Dolby Laboratories Inc. DLB -1.05% built a brand by enhancing sound in recorded music, movies and television shows. Now it’s targeting a fixture of the business world—the conference call. Read more of this post