{"id":972,"date":"2017-01-27T05:58:20","date_gmt":"2017-01-27T10:58:20","guid":{"rendered":"http:\/\/mcnair.bakerinstitute.org\/blog\/?p=972"},"modified":"2020-10-15T11:58:52","modified_gmt":"2020-10-15T15:58:52","slug":"entrepreneurship-weekly-roundup-1272017","status":"publish","type":"post","link":"https:\/\/www.edegan.com\/articles\/entrepreneurship-weekly-roundup-1272017\/","title":{"rendered":"Entrepreneurship Weekly Roundup: 1\/27\/2017"},"content":{"rendered":"

Weekly Roundup is a McNair Center series compiling and summarizing the week\u2019s most important Entrepreneurship and Innovation news.<\/h3>\n

Here is what you need to know about\u00a0entrepreneurship this week:<\/h4>\n
\n

The Right to Entrepreneurship<\/a><\/h3>\n

Tay Jacobe, Research Assistant, McNair Center for Entrepreneurship and Innovation<\/em><\/p>\n

This week, McNair\u2019s Jacobe focuses on the link between entrepreneurship and human rights. While the intersection between activism and entrepreneurship has yet to gain significant traction in the U.S., international collaborations between the two sectors have found success. Jacobe points out that \u201cHuman rights and entrepreneurship have the ability to reinforce one another,\u201d citing reports from Fordham University<\/a> and Pontifical Catholic University of Peru <\/a>on the potential of human development-centered entrepreneurial ventures. According to Jacobe, U.S policy should reflect a balance that advances entrepreneurship and promotes protection of human rights.<\/p>\n

\n

Prairie meets CES: Top 10 trends to watch in 2017<\/a><\/h3>\n

Keith Fix, Contributor, Silicon Prairie News<\/em><\/p>\n

The annual Consumer Electronic Show<\/a> (CES) took place earlier this month in Las Vegas. Silicon Prairie\u2019s Fix shares his 2017 predictions for major trends to shake consumer technology, and artificial intelligence, smart homes, intelligent systems (Amazon Echo), wearables, self driving cars, virtual reality, and drones are among his top picks. Fix expects the industry to experience further fragmentation and democratization as startups continue to develop new technologies in order to keep pace with consumer expectations.<\/p>\n

\n

In a tech-saturated world, customer feedback is everything<\/a><\/h3>\n

Jeremy Bailey, Contributor, TechCrunch<\/em><\/p>\n

TechCrunch\u2019s Bailey emphasizes the importance of gauging customer feedback throughout the design process in the tech industry. Too often, design teams undervalue the power of customer interactions. As evidence, Bailey cites AirBnB<\/a>\u2019s notorious success in growing its consumer base by 200% after meeting for one afternoon with its early users. In order to achieve a dynamic and responsive design model, companies should restructure their \u201cinternal bureaucracy\u201d and adopt a \u201ccustomer-centric\u201d mindset. Bailey suggests that design teams take\u00a0a simple approach: development of a problem statement, collaborative hypothesis-generation, and constant reevaluation.<\/p>\n

\n

Most Small Businesses Create Fewer Than One New Job a Year, Study Finds<\/a><\/h3>\n

Ruth Simon, Senior Special Writer, The Wall Street Journal<\/em><\/p>\n

According to a recent study from JPMorgan Chase & Co. Institute that spanned the payroll records of 45,000 small business in 2015, small business hiring has been sluggish and inconsistent. In fact, the sector\u2019s median level of employment growth sits at less than one new full time position per year. Although small businesses are often considered the crucial driver of the American economy, most do not expand. While small businesses employ 17% of America\u2019s labor share, 89% employ fewer than 20 workers. Professor Scott Stern, who studies entrepreneurship at MIT, explains that the \u201cbelief that entrepreneurship in general is a driver of economic growth and prosperity\u201d might be misguided.<\/p>\n

\n

How to Find and Start Your Next Entrepreneurial Effort<\/a><\/h3>\n

Nathan Resnick, Contributor, Entrepreneur<\/em><\/p>\n

Nathan Resnick, founder of Sourcify, a startup based in Tel Aviv that helps connect entrepreneurs with trusted manufacturers, offers helpful advice for millennial entrepreneurs who are considering their next venture. Resnick advises\u00a0entrepreneurs to consistently gauge audience feedback during early planning stages as audience responses help narrow the focus of a project. \u00a0Resnick emphasizes the importance of an entrepreneur’s willingness to acquire new skills and embrace market competition.<\/p>\n

\n

Fintech Companies Could Give Billions of People More Banking Options<\/a><\/h3>\n

Jake Kendall, Author, Harvard Business Review<\/em><\/p>\n

Harvard Business Review<\/em>\u2019s Kendall is the director of Digital Financial Services Lab<\/a>, an early stage incubator that supports entrepreneurs who launch fintech startups in developing companies. Financial technology, or fintech, refers to the high-tech industry involved in computer software development of innovative financial services, such as digital banking programs. Despite\u00a0investment into fintech increasing eight-fold since 2011, its benefits have largely been restricted to mature economies.<\/p>\n

Kendall identifies three main challenges that fintech startups operating in developing countries must overcome: \u201clack of cloud infrastructure, users who are \u201cless digital\u201d than rich-world users, and users who live economically chaotic lives based primarily in the informal sector.\u201d Still, many entrepreneurs are launching fintech startups\u00a0to support the 2 billion customers living in regions without formal banking services. Plus, an increasing global trend of mobile phone ownership serves as a promising platform for fintech startups.<\/p>\n

\n

3 charts that show the effect of venture fundraising on founder ownership<\/a><\/h3>\n

Adley Bowden, VP of Market Analysis, PitchBook<\/em><\/p>\n

PitchBook released an article illustrating the diluting effects of venture fundraising on founder ownership. The data used in the graphic analysis are taken from the results of a survey conducted by J.Thelander Consulting\u2019s of 380 private venture-backed companies in the US. Although capital raises are a critical and necessary component of any startup\u2019s success, PitchBook\u2019s Bowden emphasizes that founders should understand the diluting effects of venture fundraising on their equity percentages. According to Bowden, \u201cIf all goes well and the company\u2019s value increases, this is a win-win situation, but in the case that things don\u2019t go well, the economics can turn against founders fairly quickly.\u201d The article includes three charts that track founders\u2019 shares in their companies – distinguishing between biotech, medical device, and tech industries – through various funding stages. At pre IPO, all three industries reveal founder ownership percentages below 10%.<\/p>\n

\n

15 charts that illustrate how the US venture industry looked in 2016<\/a><\/h3>\n

Kyle Stanford, Analyst, PitchBook<\/em><\/p>\n

PitchBook also recently released an article that depicts the state of venture capital in 2016. The article features 15 charts of the key performance indicators that are frequently used in measuring VC activity. Utilizing standard industry metrics, PitchBook\u2019s full report offers an in-depth analysis of VC-backed firms in the U.S, including graphics on angel and seed funding, fundraising by quarter, VC-backed exits, and corporate VC participation.<\/p>\n

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Weekly Roundup is a McNair Center series compiling and summarizing the week\u2019s most important Entrepreneurship and Innovation news. Here is what you need to know about\u00a0entrepreneurship this week: The Right to Entrepreneurship Tay Jacobe, Research Assistant, McNair Center for Entrepreneurship and Innovation This week, McNair\u2019s Jacobe focuses on the link between entrepreneurship and human rights.…<\/p>\n","protected":false},"author":16,"featured_media":1008,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[422,60],"tags":[357,355,104,26,356,174,37,27,57,124,222,40,32],"class_list":["post-972","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-mcnair","category-weekly-roundup","tag-banking","tag-consumer-electronic-show","tag-entrepreneurs","tag-entrepreneurship","tag-fintech","tag-human-rights","tag-innovation","tag-mcnair-center","tag-small-business","tag-social-entrepreneurship","tag-technology","tag-vc","tag-venture-capital"],"featured_image_urls_v2":{"full":["https:\/\/www.edegan.com\/articles\/wp-content\/uploads\/2017\/01\/weekly-roundup-entrepreneurship.png",1175,585,false],"thumbnail":["https:\/\/www.edegan.com\/articles\/wp-content\/uploads\/2017\/01\/weekly-roundup-entrepreneurship-200x150.png",200,150,true],"medium":["https:\/\/www.edegan.com\/articles\/wp-content\/uploads\/2017\/01\/weekly-roundup-entrepreneurship-400x199.png",400,199,true],"medium_large":["https:\/\/www.edegan.com\/articles\/wp-content\/uploads\/2017\/01\/weekly-roundup-entrepreneurship.png",1175,585,false],"large":["https:\/\/www.edegan.com\/articles\/wp-content\/uploads\/2017\/01\/weekly-roundup-entrepreneurship-1024x510.png",800,398,true],"1536x1536":["https:\/\/www.edegan.com\/articles\/wp-content\/uploads\/2017\/01\/weekly-roundup-entrepreneurship.png",1175,585,false],"2048x2048":["https:\/\/www.edegan.com\/articles\/wp-content\/uploads\/2017\/01\/weekly-roundup-entrepreneurship.png",1175,585,false],"post-thumbnail":["https:\/\/www.edegan.com\/articles\/wp-content\/uploads\/2017\/01\/weekly-roundup-entrepreneurship.png",1175,585,false],"twentytwenty-fullscreen":["https:\/\/www.edegan.com\/articles\/wp-content\/uploads\/2017\/01\/weekly-roundup-entrepreneurship.png",1175,585,false],"yarpp-thumbnail":["https:\/\/www.edegan.com\/articles\/wp-content\/uploads\/2017\/01\/weekly-roundup-entrepreneurship.png",120,60,false]},"post_excerpt_stackable_v2":"

Weekly Roundup is a McNair Center series compiling and summarizing the week\u2019s most important Entrepreneurship and Innovation news. Here is what you need to know about\u00a0entrepreneurship this week: The Right to Entrepreneurship Tay Jacobe, Research Assistant, McNair Center for Entrepreneurship and Innovation This week, McNair\u2019s Jacobe focuses on the link between entrepreneurship and human rights. While the intersection between activism and entrepreneurship has yet to gain significant traction in the U.S., international collaborations between the two sectors have found success. Jacobe points out that \u201cHuman rights and entrepreneurship have the ability to reinforce one another,\u201d citing reports from Fordham University…<\/p>\n","category_list_v2":"McNair Center<\/a>, Weekly Roundup<\/a>","author_info_v2":{"name":"Meghana Gaur","url":"https:\/\/www.edegan.com\/articles\/author\/meghana\/"},"comments_num_v2":"0 comments","yoast_head":"\nEntrepreneurship Weekly Roundup: 1\/27\/2017 - Ed Egan<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.edegan.com\/articles\/entrepreneurship-weekly-roundup-1272017\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Entrepreneurship Weekly Roundup: 1\/27\/2017 - Ed Egan\" \/>\n<meta property=\"og:description\" content=\"Weekly Roundup is a McNair Center series compiling and summarizing the week\u2019s most important Entrepreneurship and Innovation news. 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Egan is an applied micro-economist. He received his Ph.D. from the Haas School of Business, U.C. Berkeley, in 2012, where he specialized in business economics, finance, and public policy. His academic research mostly applies industrial organization and corporate finance to entrepreneurship and innovation.","sameAs":["http:\/\/www.edegan.com","https:\/\/www.linkedin.com\/in\/dredegan\/","https:\/\/x.com\/EdwardJEgan"]},{"@type":"Person","@id":"https:\/\/www.edegan.com\/articles\/#\/schema\/person\/4d22d705304403885a52319e314b8582","name":"Meghana Gaur","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.edegan.com\/articles\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/dbe5c5c9d4d3534308bce6501db89ea511e3c64c17e9f2ea5c8d3c375f5ae1d9?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/dbe5c5c9d4d3534308bce6501db89ea511e3c64c17e9f2ea5c8d3c375f5ae1d9?s=96&d=mm&r=g","caption":"Meghana Gaur"},"url":"https:\/\/www.edegan.com\/articles\/author\/meghana\/"}]}},"_links":{"self":[{"href":"https:\/\/www.edegan.com\/articles\/wp-json\/wp\/v2\/posts\/972","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.edegan.com\/articles\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.edegan.com\/articles\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.edegan.com\/articles\/wp-json\/wp\/v2\/users\/16"}],"replies":[{"embeddable":true,"href":"https:\/\/www.edegan.com\/articles\/wp-json\/wp\/v2\/comments?post=972"}],"version-history":[{"count":15,"href":"https:\/\/www.edegan.com\/articles\/wp-json\/wp\/v2\/posts\/972\/revisions"}],"predecessor-version":[{"id":1013,"href":"https:\/\/www.edegan.com\/articles\/wp-json\/wp\/v2\/posts\/972\/revisions\/1013"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.edegan.com\/articles\/wp-json\/wp\/v2\/media\/1008"}],"wp:attachment":[{"href":"https:\/\/www.edegan.com\/articles\/wp-json\/wp\/v2\/media?parent=972"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.edegan.com\/articles\/wp-json\/wp\/v2\/categories?post=972"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.edegan.com\/articles\/wp-json\/wp\/v2\/tags?post=972"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}