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7 Things You Need to Know Today

A roundup of the day's news--curated by the Inc. editorial team to help you and your business succeed.
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1. Klout's Score: $200 Million

That's how much Lithium Technologies, a San Francisco-based company that makes enterprise software for customer service, paid for the social-ranking startup. Just last month, Klout founder Joe Fernandez touted the company's ability to be a "standalone, major business." How quickly $200 million changes one's tune.--Fortune

2. IPO Update

This has been the best quarter for global IPOs since 2011, both in terms of sheer number of IPOs and capital raised, notes a quarterly report from EY. Energy, technology, and real estate entrepreneurs, your industries were the three leading sectors.--EY 

3. Ice Cream Is Coming to the Internet

Bill Mitchell is convinced digital orders are the way of the future for the food industry, especially since his former employer, Papa John's, receives nearly half (45 percent) of its orders online. So he's bringing ice cream to the Web next, via online ordering at Baskin-Robbins. It's a good reminder to consider mobile payments for your business.--Wall Street Journal 

4. Big Money

Forbes released its 2014 Midas List of the world's top venture investors. Sequoia Capital's Jim Goetz, whose investment in WhatsApp turned into $3 billion worth of Facebook stock for his firm, tops the list of VCs whose endorsement is a pretty good indicator of a startup's future success.--Forbes

5. 9 Million and Counting

According to a study commissioned by American Express OPEN, the rate at which new women-owned businesses launch has doubled in three years, with about 1,288 new companies opening each day in the United States. The report estimates that there are 9.1 million women-owned businesses in the country, generating about $1.4 trillion annually in combined annual revenue.--Businesswire

6. Silicon Valley Vs. Warren Buffett

On Tuesday, Silicon Valley VC Marc Andreessen dismissed Warren Buffett as another of the "old white men crapping on new technology they don't understand," because Buffett called Bitcoin a "mirage." Buffett may or may not understand technology, but he sure understands money. And unless it actually turns into money--as opposed to technology--Bitcoin's not going to be half the breakthrough its backers are counting on.--CNET

7. To Whom It May (Or May Not) Concern

Yesterday, venture fund Bloomberg Data emailed 350 people working at technology companies, informing them that they'd likely make really great startup founders if they'd quit their day jobs. The firm said it used analytics to study these employees' traits, and then it reached out to them, hoping to establish a relationship. Now that's one way to find possible ventures to back.--TechCrunch

Last updated: Mar 27, 2014




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