Based in Moscow, Vlad Likh found inspiration in the changing Miami sky and landscapes to design new bottles of wine. Miami Sunset, Miami Sunrise and Miami Breeze are wines with fruity flavors bottled in three shades inspired by the color of the Miami sky at different hours of the day. About Vlad Likh http://vladlikh.com/
Steve Jobs often spoke of Apple “startup culture” and the New York Times referred to the airline Virgin America as “a startup”. Today any small company operating in the digital industry tends to be defined as a startup. Hence confusion in perception, consistence and business models in the startup scene worldwide. Steve Blank, one of the most influential people in Tech and teacher at Stanford, defines a startup as “an organisation formed to search for a repeatable and scalable business model”. The key attribute is not to be a tech company. Neither to be a small company using digital and/or operating on the Internet. The key attribute is a repeatable and a scalable business model. In recent years, popular lexicon has begun equating startups with tech companies, as though the two are inherently intertwined. But let’s face it. Is Uber with a valuation record of $17bn still a startup or rather a multinational logistics company which generated $213 million revenue in 2013? Mark Babbitt, CEO at YouTern, an online community focusing on careers management, expanded …
Common sense in Economics claims that the role of the State is to overcome market failures and protect competition. According to this, public intervention is not justified unless private agents are unable to produce a satisfactory outcome for all. The drive for initiative and dynamism would belong to the private sector, whereas the State unduly protects special interests, produces absurd and penalizing regulations for entrepreneurship by wasting resources that could be better used by private firms. These arguments emerge regularly in discussions on innovation and disruption. The “Knowledge Economy” has produced a Schumpeterian Hero. The Entrepreneur has become the central pivot of economic development by taking risks to create new products and jobs that require Venture Capital and a light regulatory framework. This entrepreneurial culture has fostered the development and the myth of the Silicon Valley. In a recent study (1), Mariana Mazzucato, Professor of Economics of Innovation at the University of Sussex, shows how this myth of the Silicon Valley propagates a distorted view of the respective roles of the public sector and private …
Un article paru dans La Tribune hier a semé le trouble dans la twittosphère des investisseurs et autres Business Angels français. Cet article intitulé “La French Tech mise en danger par une directive européenne” (1) dit en substance que l’initiative French Tech est anéantie par les dispositions d’une directive européenne prévoyant une procédure d’agrément auprès de l’Autorité des Marchés Financiers pour tous les fonds d’investissement. Notamment, les mesures prudentielles nécessaires à cet agrément rendraient inévitablement moins agiles les fonds investissant dans les start-ups. La Tribune affirme ainsi que les mesures nationales issues de la directive AIFM anéantissent l’initiative French Tech en imposant une procédure d’agrément à tous les investisseurs français. Ce que La Tribune oublie de préciser est que cette procédure d’agrément est certes obligatoire pour les fonds d’investissement tels que listés à l’article L214-24, II du Code monétaire et financier (2) mais qu’elle ne constitue qu’une option pour les fonds d’investissement qui ne sont pas listés au II de cet article. Il en est ainsi des Sociétés de Capital Risque (SCR) qui sont au sens …
Gαlαtēe & Co 