Despite the growing number of cell phone recyclers, junk drawers across the country hold 130 million cell phones each year. "Everyone perceives value in their phone; they just don't know what to do with it," says Cyrus Farudi, the 27-year-old co-founder of Flipswap.
As an independent handyman at the mercy of weather patterns near Hartford, Conn., he'd always made a decent income that rarely grew.
Then he found Google and his life changed. Alonzy, 57, now makes $120,000 a year from the ads Google places on his Natural Handyman website, and he couldn't be more thrilled.
In recent years the gourmet coffee industry has come of age. Discerning consumers have come to expect distinctive coffee tastes and aromas with all the passion of fine wine connoisseurs.
Boca Java is one of the many suppliers who has "answered the call" and markets gourmet coffee beans and accessories from around the globe, via the internet.
Media organizations increasingly rely on syndicated content, but access to such material typically requires expensive subscriptions or syndication deals. New York-based Mochila has devised a way to offer articles, photos, audio and videos a la carte while dispensing with subscription fees and protecting authors' rights.
Tal Golan knew he invented potentially game-changing technology in the fight against spam. Proving that to investors was a different story.
While venture capitalists in 2003 were intrigued by Mr. Golan's product, a hardware box that checks for spam before the message reaches corporate email servers, they kept telling him the same thing: He lacked the right pedigree for an investment.
Believe it or not, the crazy sums tech and media giants are paying for startups may ultimately make sense
In Silicon Valley, they love to say it's not about the money. Yet in late September privately held online social network Facebook, with an expected $150 million in 2007 sales, sought new investment based on a stunning $10 billion-plus valuation. A few days later, a financial opinion Web site, 24/7 Wall St., speculated that TechCrunch, a blog that grosses about $200,000 a month, might fetch $100 million or more from an acquirer such as CNET Networks .
(FSB Magazine) Indianapolis -- You probably don't know the name Scott Jones, but chances are his life has touched yours. Checked your voicemail lately? You've got Jones to thank. Pop a CD in your computer, and iTunes brings up the track names. That feature comes from another of Jones's companies, Gracenote. When Indiana last year adopted daylight savings time, it was Jones who pushed hardest for the change. The roller coaster at the Indianapolis Zoo? Jones. Dinosaur skeletons at the Children's Museum of Indianapolis?
If you loved book Freakonomics, you'll love blog as well. Some entries are incredibly funny. Like Economics of Gold-Digging, for instance.
Take a high-margin product like cosmetics, and cut prices by at least half. Now add online accessibility with customization, community and values. Throw in a pinch of demystifying expert advice, and you've got e.l.f., short for "eyes, lips, face."