Times of Entrepreneurship Stories
A Company Called Baru Has A New Way to Make Furniture, Locally
Nina Roberts reports on a furniture manufacturing company, Baru, with a platform business model. It helps customers create custom orders for furniture that fits their homes. Then Baru finds idle high-tech CNC machines in shops around the country, and asks them to cut the pieces, which are then assembled in customers’ homes. “We’re creating a virtual factory out of other people’s machines and other people’s warehouses full of stuff,” says founder Tino Go.
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$350B In New Chip Manufacturing Factories, And Four More Trends For 2023
Elizabeth MacBride details five trends that may shape events in 2023 and beyond, including the 23 chip manufacturing projects announced in U.S. states in the Midwest, West and South. Other trends: the rise of female founders, new outrage over the U.S. health care system, and more.
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What You May Have Missed
The Son Of A Single Mom, He Rose From Poverty To Lead One Of The World’s Largest Foundations
It’s now easier to climb the economic ladder in Europe than in the United States. Here’s the story of one person, Sam Reiman, who went from poverty to wealth, in Pennsylvania. He’s now director of one of the world’s 50 largest foundations.
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An Entrepreneur Reinvents The Dream of Homeownership
Unlike many entrepreneurs who’ve made their fortunes in the digital economy, Mark Wolf has made his through bricks-and-mortar. Over the past decade he’s built a $1.6 billion real estate development company that builds communities where people rent instead of own.
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Venture Spotlight: Boomerang Ventures in Indiana Focuses on MedTech and Health
Oscar Moralez was one of the founders of the Indianapolis-based Biostorage Technologies, which was sold in 2015 for $127 million. Now he’s launching a healthtech venture studio, Boomerang Ventures.
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News With A Future Spin 📖
Women Now Run One in Three High Growth Companies Globally.
This piece from Times of E contributor Elaine Pofeldt notes the rise of women’s founders around the globe, despite the lack of access to capital:
The End Of Noncompetes?
“A sweeping proposal by the Federal Trade Commission would block companies from limiting their employees’ ability to work for a rival.”
Read the story here.
In 2021, Times of E reported on a study showing that non-competes disproportionately hurt women entrepreneurs. Read the story here.
Five Insights Into The Future Of Social Entrepreneurship.
The Miller Center for Social Entrepreneurship pulled together thoughts from leaders in social entrepreneurship. Read more here.
Living the dream💭
Buzzworthy: This Arab Life: A Generation’s Journey Into Silence
In Amal Ghandour’s memoir, This Arab Life: A Generation’s Journey Into Silence, the writer journals her own transformation from a youthful activist into a powerful mid-life actor, against the backdrop of the crises, opportunities and tragedies of the Arab world. What seems as if it will be a book about a generation beaten down by societal failures becomes at the end a hopeful book about individual action in a world transformed by the pandemic. Here’s the book.
Best Practices: As Leader, What Do You Prioritize?
The CEOs of the biggest companies need to motivate leaders on their teams to make changes. Entrepreneurs, small business owners and nonprofit directors all face a similar challenge of making change through their organizations. Here’s an insight from Beyond Performance: How Great Organizations Create Ultimate Competitive Advantage, written by three McKinsey consultants. “In terms of mobilizing through leaders, a lot of CEOs might gravitate toward, “Look, we have to get the right mechanics in place—the right meetings at the right time with the right people on the right topics.” Our top CEOs said, “No, no, no—the first thing to think about is the psychology of the team,” wrote one of the authors, Scott Keller, in Fast Company.
A Money-Saving Hack: Travel Tips For 2023
The travel web site Kayak found prices were up 52% for domestic travel and 29% for international travel in 2022 over 2021. How to beat the increases that are expected to continue? Opt for flights that leave on Thursday or Friday and avoid booking trips during the busier months of June and July. And, book in advance. Here’s the optimal time to book based on your destination:
Central America: 2 weeks
North America: 3 weeks
South America: 3 weeks
Caribbean: 4 weeks
South Pacific: 3 months
Africa: 5 months
Asia: 8 months
Europe: 8 months
One Place To Go: BUTTER art fair in Indianapolis. Described as a four-day fine art fair that celebrates and elevates Black artists, the fair is scheduled for its third run on Labor Day Weekend of 2023. More information here. Here’s the web site.
Made In America: Almond butter from woman-owned Revival Food Co. in Indianapolis. Here’s information about why their almonds are more sustainable than most.
Upcoming Opportunities ⭐
To list an opportunity in our newsletter that reaches 13,000 influencers and entrepreneurs, email [email protected]. We charge $200 per listing.
1. Techstars New DC Accelerator
Techstars, in a partnership with JP Morgan, opened a three-month Washington DC accelerator with the aim of helping advance equitable entrepreneurship.
Date: May 8, 2023
Location: Washington, D.C.
Deadline to Apply: Feb. 1
2. A Course To Reach the Next Generation of Entrepreneurs
In this free course developed by entrepreneurship professor John Lynn, professors and other entrepreneurship educators get a curriculum and supporting materials based on the influential book, The New Builders.
3. Stripe Checkout Strategies
High-growth businesses offer checkout strategies they’re using to drive revenue. We’ll also cover the findings from our new State of North American checkouts report, showcasing the most common checkout issues and how to prevent them.
Date: Jan. 24, 9-9:30 PT
A new accelerator launched by Clara Wu Tsai invests as much as $500,000 in founders of color. Entrepreneurs from around the world are eligible and asked to move to Brooklyn for mentoring.
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This story and others on Times of E are made possible by a sponsorship from the Ewing Marion Kauffman Foundation. The Ewing Marion Kauffman Foundation is a private, nonpartisan foundation that provides access to opportunities that help people achieve financial stability, upward mobility, and economic prosperity – regardless of race, gender, or geography. The Kansas City, Mo.-based foundation uses its grantmaking, research, programs, and initiatives to support the start and growth of new businesses, a more prepared workforce, and stronger communities. For more information, visit www.kauffman.org and connect with www.twitter.com/kauffmanfdn and www.facebook.com/kauffmanfdn.