tag:blogger.com,1999:blog-7169308875874860732024-02-21T08:28:20.129-08:00Pacific Entrepreneurship NetworkA Student-Driven Blog on Innovation and EntrepreneurshipPacific Entrepreneurship Networkhttp://www.blogger.com/profile/17371216694858128274noreply@blogger.comBlogger15125tag:blogger.com,1999:blog-716930887587486073.post-6740354305985661822011-05-21T03:38:00.000-07:002011-05-21T03:38:01.426-07:00Who is the real Entrepreneur Magazine?<!--[if gte mso 9]><xml> <o:OfficeDocumentSettings> <o:AllowPNG/> </o:OfficeDocumentSettings> </xml><![endif]--><!--[if gte mso 9]><xml> <w:WordDocument> <w:View>Normal</w:View> <w:Zoom>0</w:Zoom> <w:TrackMoves/> <w:TrackFormatting/> <w:PunctuationKerning/> <w:ValidateAgainstSchemas/> <w:SaveIfXMLInvalid>false</w:SaveIfXMLInvalid> <w:IgnoreMixedContent>false</w:IgnoreMixedContent> <w:AlwaysShowPlaceholderText>false</w:AlwaysShowPlaceholderText> <w:DoNotPromoteQF/> <w:LidThemeOther>EN-US</w:LidThemeOther> <w:LidThemeAsian>X-NONE</w:LidThemeAsian> <w:LidThemeComplexScript>X-NONE</w:LidThemeComplexScript> <w:Compatibility> <w:BreakWrappedTables/> <w:SnapToGridInCell/> <w:WrapTextWithPunct/> <w:UseAsianBreakRules/> <w:DontGrowAutofit/> <w:SplitPgBreakAndParaMark/> <w:EnableOpenTypeKerning/> <w:DontFlipMirrorIndents/> <w:OverrideTableStyleHps/> </w:Compatibility> <m:mathPr> <m:mathFont m:val="Cambria Math"/> <m:brkBin m:val="before"/> <m:brkBinSub m:val="--"/> <m:smallFrac m:val="off"/> <m:dispDef/> <m:lMargin m:val="0"/> <m:rMargin m:val="0"/> <m:defJc m:val="centerGroup"/> <m:wrapIndent m:val="1440"/> <m:intLim m:val="subSup"/> <m:naryLim m:val="undOvr"/> </m:mathPr></w:WordDocument> </xml><![endif]--><!--[if gte mso 9]><xml> <w:LatentStyles DefLockedState="false" DefUnhideWhenUsed="true"
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<div class="MsoNormal">For entrepreneur’s, Entrepreneur Magazine (EMI) is a distinguished publication which promotes the success of new and growing businesses.<span style="mso-spacerun: yes;"> </span>However, a recent Bloomberg article has come across my desk, which offers an alternative and darker side to EM.<span style="mso-spacerun: yes;"> </span>The article outlines EMI’s controversial revenue, proceeds from trademark infringement lawsuits against those very entrepreneurs the Magazine was established to enable.<span style="mso-spacerun: yes;"> </span>The most recent target for EMI is a website created by a serial entrepreneur in Austin, Texas, <a href="http://www.entrepreneurology.com/">www.entrepreneurology.com</a>.<span style="mso-spacerun: yes;"> </span>EMI defends its actions by claiming it’s not an infringement if the noun is used in an informal context, such as, Dr. Wadhwani is an entrepreneur.<span style="mso-spacerun: yes;"> </span>However, If Pacific’s Eberhardt School of Business honored a student with an award such as, Pacific’s Most Valuable Entrepreneur, then we would be infringing on EMI’s trademark.<span style="mso-spacerun: yes;"> </span>So to EMI, I say to you – stop being such an ass!! <span style="mso-spacerun: yes;"> </span>Either you are for the entrepreneurs or not.<span style="mso-spacerun: yes;"> </span>The actions taken provide evidence that the heart of EMI is not with the entrepreneurs.<span style="mso-spacerun: yes;"> </span>With that said, I will NOT renew my subscription to the publication and I hope you do the same.</div><div class="MsoNormal">Oh, by the way, the original founder of Entrepreneur Magazine was convicted of bank robbery.<span style="mso-spacerun: yes;"> </span>I don’t consider that a conventional liquidity event.<span style="mso-spacerun: yes;"> </span>However, to each their own.</div><div class="MsoNormal"><br />
</div><div class="MsoNormal"><a href="http://www.bloomberg.com/news/2011-05-19/-cite-entrepreneur-cite-the-magazine-that-sues-entrepreneurs.html">Bloomberg article link</a> </div>Pacific Entrepreneurship Networkhttp://www.blogger.com/profile/17371216694858128274noreply@blogger.com0tag:blogger.com,1999:blog-716930887587486073.post-79843160706518107202011-05-04T20:47:00.001-07:002011-05-04T21:05:06.095-07:00So you want to invest in Facebook.......is RenRen the next best thing?Renren issued its IPO this week. For those of you how don't know, Facebook available in China. Thus, realizing the success of Facebook, Renren just knocked off the whole-site, just like it was an iPhone or popular new DVD. Thankfully for Chinese companies, the Chinese government doesn't get bothered by US patents. So the question is now that Renren is publicly traded in the US and Facebook is not, is Renren just as good? According to a new MarketWatch article the answer is an astounding NO. For no other reason than the lack of transparency into Chinese companies. Keeping this thought alive, Renren had to restate some numbers its initial prospectus. Also, a board member already stepped down in light of some accounting irregularities. Hmmmmm, knowing all that, is the temptation too great to avoid the potential home run? I have often thought of living life vicariously as a great action movie star, but I've never contemplated purchasing securities vicariously. Maybe this time will be the first.<br />
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<a href="http://blogs.marketwatch.com/cody/2011/05/04/renren-is-a-terrible-investment-but-a-great-opportunity/?mod=yahoo_hs">Is Renren a buy in place of Facebook?</a>Pacific Entrepreneurship Networkhttp://www.blogger.com/profile/17371216694858128274noreply@blogger.com0tag:blogger.com,1999:blog-716930887587486073.post-7630604873022942832011-05-03T15:52:00.000-07:002011-05-04T21:07:24.715-07:00Orleans Hill Winery from Lodi CASubmission by Robert Shanahan<br />
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Orleans Hill Winery - Lodi, CA<br />
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I recently had the privilege of visiting with Donn Berdahl, co-owner of Orleans Hill, an organic and sulfite-free winery based in nearby Lodi, CA. After working as chief winemaker at Nevada City Winery as well as other California and French establishments, Orleans Hill was founded as a sole proprietorship in 1989 by Tony Norskog. Driven by very clear goals of producing a high quality product in strict adherence to USDA certified-organic requirements, business was slow to start in the early years, topping out at around 30,000 cases a year in 2003. <br />
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It was in late 2003 that Tony met Donn, and the pair realized they shared a common vision of winemaking, which led to the restructuring of the company as an S-Corporation and Donn signing on as co-owner in March of 2004. Orleans Hill is rather unique in that its two co-owners are its only full-time employees. Donn and Tony buy the grapes for their wines from local growers in the Central Valley, and then outsource most of the processes of production, leaving only the core of the business, the choosing and the fermenting of the grapes to be controlled directly by themselves. <br />
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The crushing operation is overseen by the founders at a third-party facility, and then mobile bottling units are hired for the bottling and packaging process. Distributors are then used, in partnerships with the bottling company, to move the product to other facilities off-site for storage before shipping to the wholesalers and then on to the retailers. This allows the business itself to run extremely lean, and through careful financial planning and reinvestment of the majority of the retained earnings, the pair have been able to maintain 100% control of the company without seeking any external financing.<br />
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Since Donn joined the operation in 2004, the complimentary skill sets have allowed Orleans Hill to ramp up to just over 160,000 cases a year in 2010, with distribution through nationwide stores such as Trader Joe's, and placement in 43 states; with more on the way. By maintaining no-nonsense, clear communication with its suppliers, contractors, distributors, wholesalers and retailers, Orleans Hill is able to facilitate this largely outsourced operation with the utmost level of quality control. <br />
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Orleans Hill is most famously the maker of "Our Daily Red", but also makes a Trader Joe's exclusive wine called "WELL REaD" under the Heartswork Winery brand, and a full line of wines under the Orleans Hill Winery brand including: Lodi Zinfandel, Lodi Syrah, Santa Maria Merlot, Cote Zero, Cabernet Sauvignon, and Alexandria. With demand picking up at increasing speeds, it remains to be seen if this model can be sustained forever, but for now, Tony and Donn are extremely happy with their business, their family lives, and the great wine they have been able to share with millions of Americans to date. <br />
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Check out the shelves of your local store for Tony and Donn's hard work, and check out their website for more information on their products! <br />
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<a href="http://www.ourdailyred.com/" rel="nofollow" target="_blank">http://www.ourdailyred.com/</a>Pacific Entrepreneurship Networkhttp://www.blogger.com/profile/17371216694858128274noreply@blogger.com0tag:blogger.com,1999:blog-716930887587486073.post-20480931968818475052011-04-21T18:50:00.001-07:002011-04-21T18:50:41.617-07:00ZipCar IPOBy Tiffany Chu-Chuuuu<br />
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It was nice to apply what we learned about initial public offerings to a company we read a case on – ZipCar. The article briefly introduces ZipCar’s business model, its board of directors (AOL co-founder Steve Case and former eBay CEO Meg Whitman), its investment groups (ie: Norwegian investment firm Smedvig Capital AS), and its individual investors that are selling the shares. Planning to trade on theb Nasdaq, Zipcar is aiming for a IPO value of “about $125 million at the midpoint of its expected price range of $14-$16 per share. Of that, the company expects proceeds of about $89 million, $46 million of which it plans to use to pay down debt.” <b><sup>1 </sup></b>The offering is expected to price Wednesday night, with the stock to start trading Thursday, April 14, 2011. Overall, the article expects ZipCar Inc to “get a warm reception from Wall Street for its planned initial public offering”.<br />
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While I was waiting for Zipcar to premiere on the Nasdaq, I looked up the only investment group Christina Rexrode, AP Business writer, mentioned in the article, Smedvig Capital AS. Smedvig has 30 business in their portfolio with one company standing out – Streetcar, Ltd. Christina had mentioned Zipcar moving overseas last year (2010) by buying a UK rival Streetcar Ltd. So, I thought it was interesting how Zipcar partnered up with the same investment group that represented the company that Zipcar had acquired. Opening at $18 per share on April 14, 2011, “Zipcar closed at $28 per share, climbing up 60% in a day.” <b><sup>2</sup></b> Zipcar definitely performed better than the usual 10%-15% increase we learned in class. (Most <b><u>definitely</u></b> fared better than Knoll Furniture!) As Henry Blodget mentioned in his article in “Business Insider”, “Zipcar’s underwriters, Goldman Sachs and JP Morgan, just screwed the company and its shareholders to the tune of an astounding $50 million”. <b><sup>2</sup> </b>In addition, an IPO ZipCar thought that charged a “7% IPO fee” on the $180 million the company raised (~13 million) in fact cost the company about $63 million”.<br />
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<o:p></o:p> <br />
<div class="MsoNormal">Even though it may seem that ZipCar got the bad end of the stick, the company’s shares performed exceptionally well for a company that has “not earned a profit in its 11-year history; that is has nearly $100 million in debt; that it posted losses of more than $14 million last year; and it expects to lose money again in 2011.” <b><sup>3</sup></b> ZipCar’s prospectus also warned, “We do not know if our business operations will become profitable or if we will continue to incur net losses in 2012 and beyond”. <b><sup>3</sup></b> It seems that the “textbook reason”, as Dr. Wadhwani puts it, why ZipCar went public is to raise capital to pay off its debts. As of April 21, 2011, ZipCar’s (ZIP) stock value is at $29.15 with 596,070 in volume and a 52-week high of 31.50 and low of 25.90. </div><div class="MsoNormal"><br />
</div><div class="MsoNormal"><a href="http://news.yahoo.com/s/ap/20110412/ap_on_bi_ge/us_zipcar_ipo">Yahoo!</a> 1</div><div class="MsoNormal"><a href="http://www.businessinsider.com/zipcar-ipo-price-2011-4">Business Insider</a> 2</div><div class="MsoNormal"><a href="http://www.reuters.com/article/2011/04/21/idUS91110560920110421">Reuters</a> 3</div><div class="MsoNormal"></div><div class="MsoNormal"></div><div class="MsoNormal"></div><div class="MsoNormal"></div><div class="MsoNormal"></div><div class="MsoNormal"><o:p></o:p></div>Pacific Entrepreneurship Networkhttp://www.blogger.com/profile/17371216694858128274noreply@blogger.com0tag:blogger.com,1999:blog-716930887587486073.post-39529600244128206482011-04-20T20:59:00.000-07:002011-04-22T11:19:43.718-07:00Is the Ivy League really killing innovation?A new Business Week article criticizes "big business" for failing to provide us with any remarkable new innovations. The article blames this lack of innovation on the idea that managers hire Ivy League professors (or similar counterparts) to help standardize all the processes in a business, whereby innovation and creativity are stifled. Their argument is that "big business" need to gain back the entrepreneurial spirit they once possessed. This entrepreneurial spirit is what helped the largest of the large companies end up where they are now.<br />
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An interesting point raised is because established companies have become so risk averse, now when a creative mind attempts an innovation and fails, they innovator is subsequently fired for failing. Therefore, the managers who allow such attempts are reprimanded and unlikely to allow further attempts at innovating something new. The authors argue, instead of the innovator being fired, they should be given a raise and an atta-boy and told to continue their pursuit.<br />
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(we know prof. wadhwani is NOT one of those stifling ivy league types!!)<br />
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<a href="http://www.businessweek.com/managing/content/apr2011/ca2011046_185020.htm">How the Ivy League Is Killing Innovation</a>Pacific Entrepreneurship Networkhttp://www.blogger.com/profile/17371216694858128274noreply@blogger.com0tag:blogger.com,1999:blog-716930887587486073.post-24410729054954330012011-03-29T15:24:00.000-07:002011-03-29T15:33:13.233-07:00A Pacific MBA's entrepreneurial accomplishments<a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhNVok_8qgtuB-HNKBOD8vPjfKK-3Quj2d-3bCDLU1YeVX4NGbUigYVl5h6VFoJ44j-U0oMuv-GRauSdRDQJdJD8_jUnKP9yGQKOLrMykfwtSPDPUnPXx6il1F3es2YReakzkX4-L-rV_4/s1600/faisal.png"><img style="cursor: pointer; width: 350px; height: 120px;" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhNVok_8qgtuB-HNKBOD8vPjfKK-3Quj2d-3bCDLU1YeVX4NGbUigYVl5h6VFoJ44j-U0oMuv-GRauSdRDQJdJD8_jUnKP9yGQKOLrMykfwtSPDPUnPXx6il1F3es2YReakzkX4-L-rV_4/s400/faisal.png" alt="" id="BLOGGER_PHOTO_ID_5589633131564721106" border="0" /></a>
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mso-ascii-font-family:Calibri; mso-ascii-theme-font:minor-latin; mso-hansi-font-family:Calibri; mso-hansi-theme-font:minor-latin; mso-bidi-font-family:"Times New Roman"; mso-bidi-theme-font:minor-bidi;} </style> <![endif]--> <p class="MsoNormal" style="text-align: justify;">Below is an overview of a Company which Pacific MBA student Faisal Al-Reshaid<span style="font-weight: bold;"> </span>is involved<span style="font-weight: bold;">:
<br /></span></p><p class="MsoNormal" style="text-align: justify;">Saracens Tournament (ST) is the first organized e-sports (Electronic Sports) tournament held in Kuwait. Founded by gamers with extensive experience in the industry, Saracens Tournament holds large annual and smaller monthly tournaments for all gamers to meet and compete with each other. Tournament winners are rewarded with many different prizes, but most importantly, the title of “Saracens Tournament Champion” which comes with a year’s supply of bragging rights! <span style=""> </span><span style=""> </span><o:p></o:p></p> <p class="MsoNormal" style="text-align: justify;">The tournaments are located in Kuwait, but serve all competitive gamers around the world that enjoy playing console, hand-held, and PC games. Currently, the majority of Saracen’s Tournament participants come from the Middle East and North Africa.<o:p></o:p></p> <p class="MsoNormal" style="text-align: justify;">The launch of Saracens in 2009 has been followed with numerous successes.<span style=""> </span>The First Annual Tournament featured “Street Fighter 4” and was a huge success hosting over 400 spectators and participants. After the first tournament, one of the largest electronic retailers in Kuwait asked Saracens Tournament to host mini and annual tournaments, which they would sponsor to help promote their products. This was a great opportunity for ST to penetrate the market with minimal costs. At the moment, ST depends heavily on spectators and participants for generating revenue yet their success will create new sources of revenue when ST opens up its first hub (gaming café) in the near future. <o:p></o:p></p> <p class="MsoNormal" style="text-align: justify;">Not only does ST plan on opening a hub for gamers to meet, practice, or simply challenge each other, but also plans on featuring multiple games during an annual tournament instead of one game. Even more, performances, exhibitions, and conferences will soon be part of the annual tournament to add more excitement and energy for the spectators! Finally, ST plans on supporting their champions to participate in other world-wide cyber games tournaments in order to provide their participants with continuous priceless rewards and also to gain exposure into the global e-sport market. <span style=""> </span><span style=""> </span>
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{page:WordSection1;} --> </style><!--[if gte mso 10]> <style> /* Style Definitions */ table.MsoNormalTable {mso-style-name:"Table Normal"; mso-tstyle-rowband-size:0; mso-tstyle-colband-size:0; mso-style-noshow:yes; mso-style-priority:99; mso-style-parent:""; mso-padding-alt:0in 5.4pt 0in 5.4pt; mso-para-margin-top:0in; mso-para-margin-right:0in; mso-para-margin-bottom:10.0pt; mso-para-margin-left:0in; line-height:115%; mso-pagination:widow-orphan; font-size:11.0pt; font-family:"Calibri","sans-serif"; mso-ascii-font-family:Calibri; mso-ascii-theme-font:minor-latin; mso-hansi-font-family:Calibri; mso-hansi-theme-font:minor-latin; mso-bidi-font-family:"Times New Roman"; mso-bidi-theme-font:minor-bidi;} </style> <![endif]--> </p><p class="MsoNormal"><a href="http://www.topdark.com/vb/forumdisplay.php?f=7">http://www.topdark.com/vb/forumdisplay.php?f=7</a><o:p></o:p></p>
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<br /><span style=""></span><o:p></o:p></p> Pacific Entrepreneurship Networkhttp://www.blogger.com/profile/17371216694858128274noreply@blogger.com0tag:blogger.com,1999:blog-716930887587486073.post-4033678887198089452011-03-22T09:15:00.000-07:002011-03-22T09:29:20.120-07:00Shark Tank is back!<div style="text-align: justify;">For all of you reality TV junkies, Shark Tank, the hyper-sensational show which matches potential investors with everyday entrepreneurs, is back for season 3. This s<a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgQ_EXBI2oGHM40dAYNPsfzjwJ_TsecuYxPqNllsqdf0f-3OQyYjqb6z5On8rfTJniYxv9edgu6vxke6PXd4qQk83vFRN11Cq-Sn08WOehoJX8vXJAA90B4xxDpHzbel5OEiJ2DnYOzexs/s1600/key_art_shark_tank.jpg"><img style="float: right; margin: 0pt 0pt 10px 10px; cursor: pointer; width: 392px; height: 153px;" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgQ_EXBI2oGHM40dAYNPsfzjwJ_TsecuYxPqNllsqdf0f-3OQyYjqb6z5On8rfTJniYxv9edgu6vxke6PXd4qQk83vFRN11Cq-Sn08WOehoJX8vXJAA90B4xxDpHzbel5OEiJ2DnYOzexs/s400/key_art_shark_tank.jpg" alt="" id="BLOGGER_PHOTO_ID_5586941590162626802" border="0" /></a>eason includes 'guest' investors - Mark Cuban and Jeff Foxworthy. If for nothing else, the show is entertaining. However there are concepts to be learned from these investors. All the investors started as entrepreneurs so they discuss the complexities of business models, sustainable revenue streams, market size and potential and of course, RISK.<br /><br />The show can be watched on ABC, check your local listings. It does appear the season premier is Friday March 25th around 8pm. Additionally, some episodes can be viewed at <a href="http://abc.go.com/shows/shark-tank/index">http://abc.go.com/shows/shark-tank/index</a><br /></div>Pacific Entrepreneurship Networkhttp://www.blogger.com/profile/17371216694858128274noreply@blogger.com0tag:blogger.com,1999:blog-716930887587486073.post-17563734563703572742011-02-22T10:56:00.000-08:002011-02-22T11:12:31.277-08:00PRESIDENTIAL INFLUENCE ON SMALL BUSINESSOur distinguished Professor Wadhwani was recently interviewed by Entrepreneur Magazine, for his perspective on the influence exerted on small business by our current and past presidents.<br /><br />Overall, Professor Wadwhani does not think the Office of the President has much of an influence on the success of small businesses despite the efforts.<br /><br />The article is a good read and worth the few minutes, even if you only search for his quotes on each presidents' efforts.<br /><a href="http://www.entrepreneur.com/article/218168"><br />http://www.entrepreneur.com/article/218168</a>Pacific Entrepreneurship Networkhttp://www.blogger.com/profile/17371216694858128274noreply@blogger.com0tag:blogger.com,1999:blog-716930887587486073.post-3980727853342460232011-02-16T20:09:00.000-08:002011-02-16T20:16:01.037-08:00The Woz comes to SacramentoApple co-founder, <span><span class="Apple-style-span" style="font-family:Arial;">Steve Wozniak will be speaking in Sacramento on Friday March 25th at SARTA's 2011 Tech Index Celebration luncheon.<br /><br />Tickets will sell quickly for this event, so follow the link on how to get regi</span></span>ster.<br /><br /><a href="http://www.sarta.org/go/sarta/news-events/events/sartas-2011-tech-index-celebration-luncheon/">http://www.sarta.org/go/sarta/news-events/events/sartas-2011-tech-index-celebration-luncheon/</a>Pacific Entrepreneurship Networkhttp://www.blogger.com/profile/17371216694858128274noreply@blogger.com0tag:blogger.com,1999:blog-716930887587486073.post-15035414476869284162011-02-15T09:14:00.000-08:002011-02-15T09:25:10.746-08:00Another skyhigh online company valuation<a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhOKIVO-Wdbaq4LPLZHJnWALRAkbik_RRnlxnnVyv39V5MmJK7Mq3gRbBhBLw8ehTki0ehaXXbMsX2NV1JCrBxlL83XZbfeKt70Puuii4CmVLG8afbAUtwwRZMTUaS_J1e0bpgaxhrxC7Y/s1600/MK-BJ857_ZYNGA_NS_20110213193002.jpg"><img style="float: right; margin: 0pt 0pt 10px 10px; cursor: pointer; width: 185px; height: 295px;" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhOKIVO-Wdbaq4LPLZHJnWALRAkbik_RRnlxnnVyv39V5MmJK7Mq3gRbBhBLw8ehTki0ehaXXbMsX2NV1JCrBxlL83XZbfeKt70Puuii4CmVLG8afbAUtwwRZMTUaS_J1e0bpgaxhrxC7Y/s400/MK-BJ857_ZYNGA_NS_20110213193002.jpg" alt="" id="BLOGGER_PHOTO_ID_5573968514446003906" border="0" /></a><br />The creator of everyone's favorite online farm co-op, Zynga, Inc, is in talks with investors to raise around $250m. This would put Zynga's post-money valuation between $7b and $9b. Not only is that a lot of money, it also is a large increase in valuation from April, when it filed documents with the SEC valuing the Company around $4b. In less than a year this online game powerhouse has nearly doubled its valuation.<br /><br />Zynga has been in growth mode, averaging one acquisition per month for the trailing twelve months.<br /><br />A leading SF based fund manager, Larry Albukerk of EB Exchange Fund noted, "after Facebook, Zynga is the hottest company,"<br /><br />For the complete article<br /><a href="http://online.wsj.com/article/SB10001424052748703515504576142693408473796.html?KEYWORDS=zynga">http://online.wsj.com/article/SB10001424052748703515504576142693408473796.html?KEYWORDS=zynga</a>Pacific Entrepreneurship Networkhttp://www.blogger.com/profile/17371216694858128274noreply@blogger.com0tag:blogger.com,1999:blog-716930887587486073.post-41480212167449225892011-02-10T10:16:00.000-08:002011-02-10T10:23:49.544-08:00Is Twitter the next big tech acquisition?<a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjvhy48bu42bysx08AZzbuimUHT9V1BW2FLrT7jxP6W3xHVlcHinzmazrvgy1RGKvlA83MBuGiTqDZxjnuMde6qraHxSwiO2-RRQ3MnHkl8G-so2pObuTwFWB-cA6lgbocoAPr9NkWluMs/s1600/P1-AZ440B_TWITT_NS_20110209200003.jpg"><img style="float: left; margin: 0pt 10px 10px 0pt; cursor: pointer; width: 324px; height: 216px;" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjvhy48bu42bysx08AZzbuimUHT9V1BW2FLrT7jxP6W3xHVlcHinzmazrvgy1RGKvlA83MBuGiTqDZxjnuMde6qraHxSwiO2-RRQ3MnHkl8G-so2pObuTwFWB-cA6lgbocoAPr9NkWluMs/s400/P1-AZ440B_TWITT_NS_20110209200003.jpg" alt="" id="BLOGGER_PHOTO_ID_5572127062165858130" border="0" /></a><br />With rumors circling around Twitter's acquisition by either Google or Facebook, how much is it actually worth?<br /><br />A recent WSJ article claims the valuation to be closer to $10 billion!<br /><br />Only time will tell what investors are actually willing to pay<br /><br />To read the complete article<br /><a href="WSJ">http://online.wsj.com/article/SB10001424052748703716904576134543029279426.html?mod=djemalertNEWS</a>Pacific Entrepreneurship Networkhttp://www.blogger.com/profile/17371216694858128274noreply@blogger.com0tag:blogger.com,1999:blog-716930887587486073.post-1386271293861418872010-04-28T13:05:00.000-07:002010-04-28T13:24:56.364-07:00Sac Bee highlights Pacific's Entrepreneurship Program<a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="http://www.sacbee.com/2010/04/27/2707796/bob-shallit-rock-fans-invited.html"><img style="display: block; margin: 0px auto 10px; text-align: center; cursor: pointer; width: 400px; height: 55px;" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgXouMCcs_u_EJrjPthfW_ugyhQ32VQfKJT30KYNFn_wcGV5DlFRIbc-lWAvHymruM2Wsr_kMcQf3sJGMiCOWPUBrojJUQNfRL5nCHblfn93OWhFyjaJAIdVR3k4omYXZgXx7mpj6QT710/s400/SacBeeLogo.jpg" alt="" id="BLOGGER_PHOTO_ID_5465284377147618242" border="0" /></a><a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEifpMc7r5wgE0HcYrrOlYsBu-HwSCLxhtkFqnBsi4R28_0mZakb0BPlKdcrvI8KrR6umX_4uwRez_u-ockNgR-UYFpQm746H4limmRniv4KTgiZBmwQMBfFuXE2LnrbQ3BuxZHPa94rFYs/s1600/photo_sac_bee_logo.jpg"><br /></a><br />The Sacramento Bee takes notice!<br /><br /><a href="http://www.sacbee.com/2010/04/27/2707796/bob-shallit-rock-fans-invited.html"><span style="font-weight: bold;">On-the-job training</span></a>Pacific Entrepreneurship Networkhttp://www.blogger.com/profile/17371216694858128274noreply@blogger.com0tag:blogger.com,1999:blog-716930887587486073.post-19444481911532330322010-04-27T10:16:00.000-07:002010-04-27T11:04:49.921-07:00Do You Have a Bright Idea???<a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="http://norcalsbdc.org/"><img style="float: left; margin: 0pt 10px 10px 0pt; cursor: pointer; width: 200px; height: 95px;" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgC9Zr67j1nvFsQgMpZgNFzzCQtL6aYZeS3KQWUc3Lt909A_0SF-Z0DHgNPJvIu-kam9UnlXamKsOpZ0v2NSA4eoEJxp2LSVQSyCD3FYH2d2wJE_EPTF6_Mcz01OMC-bmi6bejtpOnwOSM/s200/SBDC.jpg" alt="" id="BLOGGER_PHOTO_ID_5464879452109133826" border="0" /></a><br />The <span style="font-style: italic; font-weight: bold;">Student Business Plan Challenge</span> is offering opportunities to local entrepreneurs to win Cash Prizes for their business plans! A total of $1,000 will be awarded to four participants in two award categories - College and High School.<img src="file:///Users/intern/Library/Caches/TemporaryItems/moz-screenshot.png" alt="" /><img src="file:///Users/intern/Library/Caches/TemporaryItems/moz-screenshot-1.png" alt="" /><br /><br />If you are a San Joaquin County college or high school student and/or you live in San Joaquin County and are 25 or under, you are eligible to<br /> participate.<br /><br /><span style="font-size:130%;">Here's how it works!</span><ul><li>Register for the free <span style="font-weight: bold;">April 28th workshop</span> (required)</li><li>Register at http://studentchallenge.eventbrite.com<a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="http://studentchallenge.eventbrite.com/"><img style="float: right; margin: 0pt 0pt 10px 10px; cursor: pointer; width: 189px; height: 189px;" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjsXld2ig_N_FizTu_KzBS4f5nSwEnasyNm0YUCqVMbVf8VR-7qpmsFdDsvKuJ19R4Y04-DE9BoM_FSvR1-seXi0ES57CUc4UKB1wSgYOH-Z7MDa-viUxEmilTmaDllRP6Hr0as7LN6mKc/s320/SubmitYourIdea.jpg" alt="" id="BLOGGER_PHOTO_ID_5464878007192882306" border="0" /></a></li><li>At end of workshop, sign up for the Challenge</li><li>Read ongoing Challenge Blogs</li><li>Develop Your Business Plan using Challenge criteria</li><li>Contact the SBDC for free assistance (954-5089)</li><li>Submit completed plan by midnight, <span style="font-weight: bold;">June 14th</span></li><li>Submit plan electronically to sbdc@deltacollege.edu</li><li>Finalists notified by email, <span style="font-weight: bold;">June 18th</span></li><li>Finalists' interviews/presentations <span style="font-weight: bold;">June 24th</span>, 3-5 p.m.</li><li>Interviews/presentations held at the SBDC located at 56. S. Lincoln Street, Stockton (WorkNet building)</li><li>Winners announced, <span style="font-weight: bold;">June 24th</span>, 5 p.m.</li></ul><span style="font-weight: bold;font-size:130%;" >Four winners will share $1,000 cash</span>Pacific Entrepreneurship Networkhttp://www.blogger.com/profile/17371216694858128274noreply@blogger.com0tag:blogger.com,1999:blog-716930887587486073.post-59286548994472303002010-04-14T07:58:00.000-07:002010-04-14T08:11:09.453-07:00Blu Note EntertainmentProfile:<span style=""> </span><a href="http://www.blunoteentertainment.com/">Blu Note Entertainment</a> provides live musical entertainment for corporate events, weddings and private engagements.<span style=""> </span>Blu Note, Incepted in 2007, has performed over 300 events to date, servicing the west coast from San Francisco to Scottsdale.<br /><a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjKPC5-hexFzmt3tfBPsd8_QC-6VG0yQUp-yTrfhc1A52NC5x69BbXxDKh95c6P_ixjn3YgvKetRoEWXhnFK-go1iVG_7A9JQxshVhR6nnRYqR66XiH5SZnfWRBQ1HpZ7v2pzrA1delfmM/s1600/ClassicalBanner.jpg"><img style="display: block; margin: 0px auto 10px; text-align: center; cursor: pointer; width: 400px; height: 94px;" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjKPC5-hexFzmt3tfBPsd8_QC-6VG0yQUp-yTrfhc1A52NC5x69BbXxDKh95c6P_ixjn3YgvKetRoEWXhnFK-go1iVG_7A9JQxshVhR6nnRYqR66XiH5SZnfWRBQ1HpZ7v2pzrA1delfmM/s400/ClassicalBanner.jpg" alt="" id="BLOGGER_PHOTO_ID_5460010595931006018" border="0" /></a>My favorite thing about being an entrepreneur is holding important business calls from home in a robe and slippers.<span style=""> </span>Now as video conferencing continues to become the norm this luxury of mine will soon be extinct.<span style=""> </span>But for now I can carry on enjoying my alias as a mad scientist fervently working in his laboratory, oblivious to social customs like combing my hair and putting on decent clothes. <p class="MsoNormal">But for every perk to being an entrepreneur there is a counter.<span style=""> </span>And for those entrepreneurs who run a one-man show there can be many.<span style=""> </span>Yes, we are the creative engine that steers the company, but … we’re also the accountant, office secretary, marketer, operations manager, customer service rep, sales rep, public relations liaison and legal counsel.<span style=""> </span>Safe to say, with all of these responsibilities Wikipedia quickly becomes a viable reference! <img src="file:///Users/intern/Library/Caches/TemporaryItems/moz-screenshot.png" alt="" /></p> <p class="MsoNormal"><a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiSGY75j1TRFf6CKw8kHNBmCYVggyVFFDG1JjGCll0RmBvb_XS9_UDT0TKjkyTGw7rsZzoOYaqyNAQbQXfh3xabigcVhcthIBd2_su2hLpyqxarMfPrGXnHpd_hyphenhyphenJaZxG7vlC_iaxFJo9Q/s1600/31107b.jpg"><img style="float: right; margin: 0pt 0pt 10px 10px; cursor: pointer; width: 200px; height: 134px;" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiSGY75j1TRFf6CKw8kHNBmCYVggyVFFDG1JjGCll0RmBvb_XS9_UDT0TKjkyTGw7rsZzoOYaqyNAQbQXfh3xabigcVhcthIBd2_su2hLpyqxarMfPrGXnHpd_hyphenhyphenJaZxG7vlC_iaxFJo9Q/s200/31107b.jpg" alt="" id="BLOGGER_PHOTO_ID_5460010128607563986" border="0" /></a>Furthermore, it can be a lonely path.<span style=""> </span>Successes and failures, for the most part, are achieved alone.<span style=""> </span>When a major account is booked there’s no colleague to exchange a high-five.<span style=""> </span>Setbacks are endured by looking at the inspirational poster on the wall of a guy climbing a mountain that reads <i>“Greater the challenge, greater the triumph.”</i><span style="font-style: normal;"><span style=""> </span>Why does that guy have to climb the rock anyways? He must have job security!</span></p> <p class="MsoNormal">But in the end the taste of entrepreneurial success is an overwhelming rush.<span style=""> </span>We take an idea and create a functional operation that provides opportunities for others.<span style=""> </span>Every dollar I spend ends up in the hands of another entrepreneur and around it goes.<span style=""> </span>As the old adage states, <i>“If you’re not an entrepreneur then you work for one.”<span style=""> </span><o:p></o:p></i></p> <p class="MsoNormal">As an entrepreneur I’m constantly learning and in a growth cycle.<span style=""> </span>The hard and fast lesson I face daily is I do not have all the answers, if any.<span style=""> </span>But I do know the answers are out there and it’s my job to find and contextualize them.<span style=""> </span>There’s comfort in constantly discovering my limitations, because then I know how to overachieve.</p> <!--EndFragment-->Pacific Entrepreneurship Networkhttp://www.blogger.com/profile/17371216694858128274noreply@blogger.com0tag:blogger.com,1999:blog-716930887587486073.post-14522154664151634552010-03-21T16:21:00.000-07:002010-04-11T20:00:50.011-07:00Entrepreneur Showcase Launches!<a style="font-family: arial;" onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEg0wOzG6qvOE-Oi9KbPiYMhyphenhyphenfck-zgqJlMrQVj1BVQ6hNwG81SW1bLMmK_BrW2PYR3c4FgyUJvaBNJH-2xHp1192Bl363eG1PP6RnmUaVAgzNkGgIKFkdYfTU7HW76T6fBreMHfTxLErfM/s1600-h/EM+4.jpeg"><img style="float: right; margin: 0pt 0pt 10px 10px; cursor: pointer; width: 200px; height: 133px;" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEg0wOzG6qvOE-Oi9KbPiYMhyphenhyphenfck-zgqJlMrQVj1BVQ6hNwG81SW1bLMmK_BrW2PYR3c4FgyUJvaBNJH-2xHp1192Bl363eG1PP6RnmUaVAgzNkGgIKFkdYfTU7HW76T6fBreMHfTxLErfM/s200/EM+4.jpeg" alt="" id="BLOGGER_PHOTO_ID_5451247322461223458" border="0" /></a><span style=";font-family:arial;font-size:100%;" >The Showcase has begun! The University of the Pacific and Velocity Venture Capital launched a revolutionary educational experience for rising entrepreneurs in the Central Valley on Tuesday, March 17<sup>th</sup>. T</span><span style=";font-family:arial;font-size:100%;" >he new course of study will combine an MBA curriculum with hands-on mentorship from working venture capitalists. The core goal of the program is to equip and train aspiring entrepreneurs with the necessary tools to take an idea on paper into a functioning reality</span> <span style=";font-family:arial;font-size:100%;" ><br /><br /><br /><span style="font-family:times new roman;">Jack Crawford, CEO of Velocity Venture Capital, hosted the evening at their Folsom campus with startup power company Jadoo. The night was electric with the student to entrepreneur ratio at nearly 1-to-1. Jack Crawford interviewed John Stone of Freepath and Yatish Mishra of </span><a style="font-family: times new roman;" href="http://www.ragingwire.com/">Raging Wire</a> to share the ups and downs of life as an entrepreneur. The lows reflected difficult times of near bankruptcy, with the highs mounting at selling the firm to Steve Jobs and company at Apple. </span><span style="font-size:100%;"><a style="font-family: times new roman;" onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjtQyUx_TNkk-KFIqIZSqVOzgsVcZEcTVMEKNd0nL0aYasn6c1UiJCDOr8LSMuqL0Qak_1bt6O6eF-6ezx8kgtEFyV5OPCoAWiujsc8XcwSdb6WF7YtkF_lc-0pxJKZ7M7RjIXYaEkqbks/s1600-h/EM+2.jpeg"><img style="float: right; margin: 0pt 0pt 10px 10px; cursor: pointer; width: 200px; height: 133px;" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjtQyUx_TNkk-KFIqIZSqVOzgsVcZEcTVMEKNd0nL0aYasn6c1UiJCDOr8LSMuqL0Qak_1bt6O6eF-6ezx8kgtEFyV5OPCoAWiujsc8XcwSdb6WF7YtkF_lc-0pxJKZ7M7RjIXYaEkqbks/s200/EM+2.jpeg" alt="" id="BLOGGER_PHOTO_ID_5451247443005115362" border="0" /></a></span><div style="margin: 1ex;font-family:arial;"><div> <p style="font-family:arial;"><span style="font-size:100%;">In addition, Jack Crawford elaborated on Social Venture Philanthropy (SVP), which is Velocity's</span><span style="font-size:100%;"> social entrepreneur arm that empowers non-profit companies to work towards sustainable operations. Velocity's commitment to the region not only looks to develop the brightest minds and best ideas, but to change the community for the better.<br /></span></p><p style="font-family:times new roman;"><span style="font-size:100%;">Specifically, the Entrepreneur Showcase will engage students in a formal application and interviewing process to ensure talents and interest are matched with the relevant needs of Velocity's companies. The portfolio of companies participating in the showcase include:</span></p><p style="font-family: times new roman;"><span style="font-size:100%;"><a href="http://www.freepath.com/">FreePath</a></span></p><p style="font-family: times new roman;"><span style="font-size:100%;"><a href="http://www.windensity.com/">WinDensity, Inc.</a></span></p><p style="font-family: times new roman;"><span style="font-size:100%;"><a href="http://www.larucorp.com/">Laru Corporation</a></span></p><p style="font-family: times new roman;"><span style="font-size:100%;"><a href="http://www.jadoopower.com/">Jadoo Power</a></span></p><p style="font-family: times new roman;"><span style="font-size:100%;">On the venture philanthropy side, participating companies include:</span></p><p style="font-family: times new roman;"><span style="font-size:100%;"><a href="http://www.positivecoach.org/">Positive Coach Alliance</a></span></p><p style="font-family: times new roman;"><span style="font-size:100%;"><a href="http://readingpartners.org/">Reading Partners</a></span></p><p style="font-family: times new roman;"><span style="font-size:100%;"><a href="http://www.heartzones.com/">Heart Zones</a></span></p><p style="font-family: times new roman;"><span style="font-size:100%;"><a href="http://powerhousesciencecenter.org/">Powerhouse Science Center</a><br /></span></p><span style=";font-family:times new roman;font-size:100%;" ></span> <p style="font-family: times new roman;"><span style="font-size:100%;">The evening finished with a mix of networking opportunities and further details on the new MBA track. The program launch was a success, creating sustained momentum and excitement amongst students and entrepreneurs. The mutual feeling shared by all was that we are the cusps of something big!<br /></span></p><p><a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEijqYrh0fGDQ4JGA1A83VpQjwqDiMJ7X6c0rmHmz87KcEzVP0z5e5b30XHQsExY5M-fybqIdjK6URuWcvlHHOWR_r4ScyWTjhGlfGSnWovEaqgRUWuZUq8C-7FSHe5oxj1C-KvDKAU-6mM/s1600-h/EM+2.jpeg"><br /></a></p> </div> </div>Pacific Entrepreneurship Networkhttp://www.blogger.com/profile/17371216694858128274noreply@blogger.com0