And Then They Came For Our Sandwiches

The Problem With Profitless Startups, Kevin Roose's latest for New York Mag, talks about a thing I can't stop thinking about lately, decades too late: FAKE MONEY. Or to be specific, VC money inflating new businesses which [arguably] wouldn't otherwise succeed, and then go on to price out local/actual business who operate using more traditional business methods, such as selling goods and services for slightly more than they cost to provide. And then what?

Change The World With Your Sick Startup

Here is a WSJ article about how start-ups want to hire entrepreneurial-minded people. Makes sense to me. But the most interesting part of the thing is a quote from a guy named Roger Cosseboom, who is currently an engineer at 42floors but wants to start his own jam one day. HE SAYS: "It's kind of cheesy, but it's the best way to change the world a little bit nowadays."

Find The Next David Karp And Make Him Your BFF

This article from Harvard Business Review—"Six ways to befriend future tech billionaires"—is not about what I thought it was going to be about. I read that headline and couldn't click fast enough—yes, please, tell me how to be friends with people who will become very rich and then take me to the riviera. French. Italian. Any riviera.

I Give Strangers Rides, They Give Me Money

I drive people around and it's working out fine.

Movie Investing for Those With Deep Pockets

Putting up capital isn’t usually how corn-fed, dreamy-eyed boys and girls across America hope to break into the Entertainment industry. As of this week, though, it might be the most accessible way for them to do it. The New York Times reports:

A start-up, Junction Investments, plans to open for business on Wednesday, allowing wealthy individuals to invest in movies alongside veteran film financiers.

At the start, the company will offer an online chance to back “A Hologram for the King,” an adaptation of the Dave Eggers novel that will star Tom Hanks. Soon after, would-be mini-moguls will be able to invest in “Triple Nine,” a thriller featuring Kate Winslet, the “12 Years a Slave” star Chiwetel Ejiofor and Woody Harrelson.

The Junction Investments-backed films are films that will be made anyway, with or without your cash. They are not Tinkerbells that will die if you don’t clap, like the Veronica Mars movie, which became a three-dimensional manifestation of an audience’s enthusiasm after its on-a-whim launching on Kickstarter.

Job Opportunity Maybe, Wide Open Niche

I don't understand most of this article about how celebrities are making money in social media—brandspeak and social speak are like 2 totally madeup languages and when their powers combine ... But, the gist: Celebrities are making a lot of money in social media ("CEO Alan Chan says that some clients are making as much as $30,000 to $40,000 a month.") Maybe that means there are business opportunities out there for YOUNG PEOPLE who are NATIVE USERS. Get in on THE GROUND FLOOR of THIS EXCITING NEW INDUSTRY. Of Tweets.

Smart Phone Smart Shopping

An app to help you vote with your dollars. Scan an item and Buycott will show you its corporate family tree. Join user campaigns to help you avoid products with GMO or buy products that support causes you believe in. Made me think of Josh Eidelson's rule for supporting boycotts: he does it when the workers have called for a boycott of the company.

Entrepreneurial Outsourcing

The BBC reports that an unnamed software developer working for an unnamed company had been outsourcing his job to an unnamed firm in China, paying them $50,000 a year to do a job that earned him several hundred thousand dollars a year. Despite being a GENIUS and JOB CREATOR, the man has been fired. 

What Kind of Tech Company is Kickstarter?

Well, as their former copywriter I could tell you in about 1000 different ways and at varying lengths and tone of voice, but that would be insane and probably unethical. Nevertheless, Kickstarter hit a big milestone this week: a billion dollars have been pledged to projects. From there, it isn't hard to figure out how much revenue they've made, and Quartz is on it:

Marijuana Paraphernalia for Discerning Tastes

"'Just looking at the marijuana industry holistically, there’s zero class,' Mr. Gordon said, referencing the pot leaf and rainbow aesthetic of yore.'" His company is called Rodawg.

Shark Tank Is Literally the Best Show on Television

SHARK ATTACK! Welcome to Shark Tank, literally the best show on television.

Thanks for the Transparency, Tomorrow Mag!

The dudes and dudettes at Tomorrow Mag have published exactly how all the dollars they collected to make their magazine were spent, including how much they paid themselves. This is revolutionary! AND WONDERFUL! Look at this excellent spreadsheet that they have shared with us.  My one QUIBBLE is that I wish there was a breakdown of “Snaxxx, $68.09″ (WHAT KIND OF SNAXXX) but other than that, it’s pretty great.