First Day Jitters
Each day, Inc.'s reporters scour the Web for the most important and interesting news to entrepreneurs. Here's what we found today.
Ten challenges for Larry Page. The Google co-founder is taking over as the CEO today, a position former CEO Eric Schmidt held for years. Though Page knows the $8.4 billion company better than most, today's VentureBeat has a list of possible problems Google's new chief needs to solve. Among theses challenges are the antitrust investigations currently underway, addressing user privacy concerns, dealing with news media, and finding the next big thing beyond search. By far the biggest challenge VentureBeat foresees for Page, however, is beating Facebook at the innovation and talent wars. "Facebook represents a threat to Google because the bigger the social network grows, the bigger Google's blind spot," VentureBeat writes. "Rivals such as Facebook and other hot startups in Silicon Valley are hiring Google employees who want a chance at striking it rich…At the moment, four of Facebook's top executives once worked at Google."
Will Search marketing disappear within the next decade? Not exactly, says Bing director Stefan Weitz, but it will certainly be different. In a video interview with the Huffington Post, Weitz predicts that search engines as we know them will become "less and less visible" and more intuitive for the user. "The future of search is that it won't be search anymore," he says. "The future of search is that the box you've come to know and love...won't be the constraining factor. Literally everywhere you go, every device you have, everything you touch will conduct a search, whether you know it or not." Later in the video, Weitz claims that within years, the search box will be "as antiquated as a rotary dial phone."
Fred Wilson's teachable moment. Even while he's enjoying LCD Soundsystem's last concert ever, New York-based venture capitalist and early Twitter investor jams to the beat of business. In a blog post this weekend, Wilson points out the parallels of the band's decision to close up shop with venture capitalists (or really any business person, for that matter) who decide to "walk off the stage like James Murphy" when the show is over. "How do you know when you've done your last great startup?" he writes. "How do you know when you've done your last great investment? How do you know when you don't have the drive, hunger, and insights to keep delivering top performance?" Not that Wilson, 41, has any thoughts of throwing in the towel himself, but, in his words, "When you lose your edge, your performance suffers, often badly."
Facebook to Facebook job seekers: You must be an active Facebook user. With a recent $2 billion round of funding and job openings in almost every department, now may be the time to find your Facebook dream job. According to Mashable, who spoke with Facebook's head of recruiting, Thomas Arnold, the company is on the hunt for new employees, particularly those smart "builders" with an entrepreneurial spirit. Oh, and one more thing: "This may seem like a no-brainer, but Arnold says his team finds a lot of applicants who haven't used their Facebook accounts in weeks or even months," Mashable notes. "And that is a very clear sign to Facebook that the person won't be a good fit."
Strong first quarter for VC-backed IPOs and acquisitions. The first quarter of 2011 was especially fruitful for many companies going public. A recent report reveals 14 VC-backed IPOs raised a total of $1.37 billion in the first quarter, the most in the first quarter since 2007, according to VentureBeat.
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