Big companies are too slow, too disorganized and too stuck under the weight of outdated playbooks and bad habits to benefit from opportunities to innovate.
That’s the picture the latest report by accelerator 500 Startups paints after surveying over 100 corporate executives that oversee innovation, including collaborating or investing in startups.
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Venture capital is a hell of a drug, and it’s possible to overdose on VC, but for most founders that is a champagne problem.
More often the question investors hear is “how do I get a VC to back my startup?” These founders aren’t worried about how overcapitalization will make their IPO prospects trickier — they’re scrambling to get someone, anyone, to sign their first term sheet.
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This post is adapted from the blog of Earnest, a Priceonomics Data Studio customer.
Coined shortly after the financial crisis in 2009, the so-called “gig economy” or “sharing economy” refers to the growing cadre of companies like Airbnb, Lyft, and TaskRabbit—platforms that employ temporary workers who provide a wide variety of services: delivery, ridesharing, rentals, and odd jobs. A recent Pew study estimated that nearly a quarter of all Americans earn some money through these platforms.
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IN 2016 the video-gaming industry racked up sales of about $100bn, making it one of the world’s largest entertainment industries. The games on offer run the gamut from time-wasting smartphone apps to immersive fantasy worlds in which players can get lost for days or weeks.
But are video games causing the young to turn on and drop out?
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Sports franchises are quickly becoming media brands of their own. For the world’s top football teams — yes, we’re talking soccer here, Americans — digital media is a chance to realize that ambition. It’s particularly handy in erasing geographical boundaries.
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One thing was very clear at Computex: It’s going to be a transformational year for computing. We’re seeing several trends from the past few years — like the move towards thinner and lighter laptops, and the rise of mobile computing — evolve in new and intriguing ways.
Computex has always been the place to see the groundwork being laid for technology industry’s next steps. It just so happens that this year was particularly ripe with innovation.
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Last week, after President Donald Trump announced the U.S.’s withdrawal from the Paris Climate Agreement, Tesla CEO Elon Musk announced his departure from the White House’s business council. It was a symbolic gesture, one that positioned Musk as a counterweight to Trump in the fight for the future of America’s energy policy.
As we detail in our new feature on Tesla’s controversial $2.6-billion acquisition of SolarCity, the solar company founded by Musk’s cousins Lyndon and Peter Rive, the Gigafactory 2 was a selling point for the merger and is key to the future of a new product: the Solar Roof. But for the past several years, the Gigafactory 2’s development has run into a series of project delays, automation challenges, and budget overruns, according to people familiar with the matter.
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It doesn’t take too long before your typical “smart” gadget becomes dumb. After a few years, the hardware inside of your TV or connected refrigerator will be hopelessly out of date. And if you want to upgrade, your only choice right now is to buy a whole new device.
Intel is hoping to change that with the Compute Card, a credit card-size device that packs in all of the hardware — a processor, memory, storage and networking capabilities — needed to make any device smart.
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Online sales will account for more than a third of multi-channel retailers’ sales by 2018, according to new research by the Commonwealth Bank. The authors say growth is running ahead of expectations.
The study of retail channels to market also shows only one in five merchants use third party sites to attract customers; likely to increase as they ready for the local arrival of Amazon.
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Just three years ago, in 2014, I wrote a little short story set in a future where most work is organized around blockchains. That story was set sometime past the 2120s, but it appears we’ll get there a century earlier than I thought.
The idea of organizing work through smart contracts on blockchains has been moving ahead at a breathtaking pace.
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