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.
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."
One of the great levellers is the helpless feeling most of us have after an unpleasant encounter with an insurance company. Angry ranting frequently follows, and that’s just where Zuzzid comes in: By allowing users to share their insurance experiences, good and bad, it provides a way for them to hold insurance companies a little more accountable.
Fast-food restaurants. Retail stores. Fitness chains. For most people, those are the images that come to mind when they think of a franchise.
It's an easy idea to grasp -- a successful business expands by granting others the right, for a fee, to open carbon-copy stores in untapped markets.
Now, a small but growing number of online companies are tailoring the concept for the Internet. Call it "virtual franchising," where Web pages substitute for physical storefronts and customers drop by using keyboards.