Each day,Inc.'s reporters scour the Web for the most important and interesting news to entrepreneurs. Here's what we found today.
Founders stand their ground. Traditionally, venture capitalists have poured millions of dollars into start-ups, only to replace the founders with people they believe can run the company better. Meanwhile, company founders have long when quick to hand over the managerial reigns when a hefty buyout offer comes along. But times, they are a' changing. According to The New York Times, start-up founders leading both large and small companies are now maintaining control more than ever and convincing investors that the business's success is dependent on the founder's vision. It's even more true when it comes to Internet and social networking start-ups. Former Facebook president and Napster founder, Sean Parker tells The Times, "The resources available to founders, to create and control their company's destiny, have evolved in their favor. The job of being a founder and executing against a big vision of the future has gotten easier."
When your boss takes away your BlackBerry. In this case, it's Uncle Sam that may be doing the taking. The Wall Street Journal is reporting that should the government shut down this weekend, it would be forced to collect all employee communication devices, including phones and laptops. And why? It would be illegal if they didn't, apparently. "If an employee is furloughed, it is illegal—a criminal violation—for them to work," a government official told the paper. All this talk of taking away phones is, perhaps justifiably, freaking out a lot of government employees, who use the device as their main form of communication. "Mary Kahn, a senior public-affairs specialist in the office that administers Medicaid, said (in an email) that she is pondering 'a 12-step BlackBerry withdrawal program.' We wish them well.
500 Startups introduces designer fund. Designers unite! At their first Demo Day Wednesday, 500 Startups introduced The Designer Fund to invest in startups founded by designers. According to VentureBeat, the fund is also looking for well-established designers to invest at least $50,000. Several successful startups have already been created by designers, and 500 Startups hopes they might fund the next YouTube and Flickr.
IBM takes to the cloud. The cloud offers businesses a cheap and effective way to communicate and share information on-the-go. While the cloud market so far has been limited to a few major services, namely Amazon's Web Services and Rackspace, IBM announced it will finally join the cloud crowd, GigaOM reports. IBM's newest offering, called the IBM SmartCloud, strives to provide an easy and intuitive service for sharing information and managing infrastructure for demanding companies. According to Erich Clementi, senior VP of global technology services at IBM, the SmartCloud will be IBM's underlying platform for most of its future cloud-based services.
Is social media about to burst? It's the question on everyone's minds: are we headed for another bubble burst? With new players in the social media world coming into the marketing at a rapid pace, The New York Times explores this question in the video below.
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