That’s one fine Philly: Why the city of brotherly love is now number one in the U.S.

Philadelphia – the city humorously depicted as the place hipsters love to call home and birthplace of “Rocky” – has just been named the top U.S. destination to visit in 2016. Travel guide publisher Lonely Planet awarded the city of brotherly love the honor citing its “deep American history and uniquely gritty flavor.” The city had a big year in 2015 – not only was it named the first and only World Heritage City in the US, but it’s been rising in popularity. Namely, Philadelphia made the short list of places Pope Francis visited when he came stateside last summer to celebrate the World Meeting of Families Congress. As part of our Silicon Cities series, we’re diving deep into what makes Philadelphia tick. In our next piece, we’ll look at what has made this city a haven for startups in the medical technology space. For now, let’s look at what’s […]

That’s one fine Philly: Why the city of brotherly love is now number one in the U.S.

Creating opportunity | Silicon Cities

What’s Right and What’s Wrong in the South’s New Economy 

What does it mean to be a startup hub in the 21st century? A digital layer is being stretched across the economy today enabling our institutions to work better, faster, and smarter. Cities are the focal point of this new digital economy. But which cities are ready, and which are in danger of being left behind? These are the major questions we’re aiming to answer in this next iteration of Innovation that Matters. To get answers, we’ve done a lot of number crunching and analysis, but we’re also talking to people on the ground – entrepreneurs, city leaders, venture capitalists, and other key network actors in several cities – to get their take on what’s working to drive startup success. We started our eight-city tour with Raleigh-Durham, North Carolina, and Atlanta, Georgia, both leaders in the South’s new economy. They boast an impressive mix of startups and big corporations, incubators […]

What’s Right and What’s Wrong in the South’s New Economy 

Smart government

Innovation that matters

 

Reinvent your business… before it’s too late

Reinvention is a normal, healthy part of running a successful business. Pivoting, as it’s sometimes called, has slowly become a normal part of startup lexicon over the years. According to an Intuit study, 53 percent of companies were forced to transform their business since 2010 in order to survive. Although it may seem like another word for failing, pivoting early enough can pay dividends for a business in the long run by allowing entrepreneurs to invest their capital in an idea more promising than their initial endeavor. A 2016 CB insights report analyzed 156 startups from across the country that failed in the previous year and found that some startups that didn’t pivot fast enough to stay viable eventually went out of business. Keith B. Nowak, former CEO of now-defunct social media marketing company Imercive, is one of several entrepreneurs in the report who gave a candid account about how […]

Reinvent your business… before it’s too late

America at work

Be a Mediocre Entrepreneur in a Great Market

The vast majority of businesses fail. That fact makes Justin Smithline, who has started three successful companies—including one that he sold to SoundCloud—all the more impressive. Smithline has taken an unconventional road from the start of his career to where he is today. “I definitely did not map out my career path,” Smithline tells Free Enterprise. “I think if you try to over-script your life, you close yourself off from opportunities.” After a stint at Fidelity Investments, Smithline transitioned into the startup ecosystem, working at two firms; one thrived while the other failed. From there, he founded Linguaflex, a medical device for the treatment of sleep apnea that is currently in Phase III clinical trials; the music management and recommendation platform Instinctiv, which he sold to SoundCloud; and FunnelFire, a real-time data platform that enables sales and account people to automatically research, track, and engage with their enterprise customers. What […]

Be a Mediocre Entrepreneur in a Great Market

America at work

9 Businesses Behind the Academy Awards

We created a list highlighting nine companies that make sure the Academy Awards go on as planned, as well as a handful of interesting facts about each of them.

9 Businesses Behind the Academy Awards

America at work

How One Man Revolutionized The Food Industry

Picture this: You just moved from Seattle to Kansas City and you’re craving some seafood for dinner. At the store, you pick up some fresh shrimp for tonight’s dinner and frozen Alaskan salmon for later on in the week. But what if you could only eat seafood if you lived near the ocean or were willing to pay a high price? Because of mobile refrigeration technology, consumers are able to choose fresh or frozen shrimp for a low price, anytime they want, even in a landlocked state hundreds of miles from an ocean. This is thanks to Frederick McKinley Jones, the inventor of the first mobile refrigeration system. Jones, who was orphaned at 9, worked odd jobs until he became a mechanic. With an interest in electronics, Jones built a radio transmitter and local businessman Joseph Numero subsequently hired him to work on audio equipment. In 1940, Jones invented and […]

How One Man Revolutionized The Food Industry

True innovation

Leonardo DiCaprio, Jennifer Lawrence, and 6 Other Oscar-Nominated Entrepreneurs

Matt Damon, Jennifer Lawrence and Kate Winslet have a lot in common. They’re each among the most sought-after stars in Hollywood, they have each won (at least) one Oscar, and they’ll each be in attendance and hoping to hear their names called once again at the Academy Awards on Sunday. One more thing they share? They’re all entrepreneurs. In fact, nearly half of this year’s Oscar-nominated actors and actresses moonlight as business owners, startup investors or nonprofit leaders. And some of the names just might surprise you:   Leonardo DiCaprio (Best Actor nomination for “The Revenant”) Many expect this year to mark the end of DiCaprio’s well-known Oscar drought, as the actor has come up short in five previous Academy Award nominations. Less well known, perhaps, is that DiCaprio has an entrepreneurial side off screen, most notably as founder and owner of production firm Appian Way Productions, which he started […]

Leonardo DiCaprio, Jennifer Lawrence, and 6 Other Oscar-Nominated Entrepreneurs

America at work

#90SecondsWith: Sir Richard Branson

Sir Richard Branson, now the founder of the Virgin Group empire, talks to #90SecondsWith about an initiative he's spearheading that gives aspiring entrepreneurs their own shot at success.

#90SecondsWith: Sir Richard Branson

Doing good
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