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Female-Run Venture Capital Funds Alter the Status Quo - NYTimes.com
APRIL 1, 2015| NYT | By CLAIRE CAIN MILLER.

Venture capitalists are, in a way, the gatekeepers to Silicon Valley, and if they are a group of white men who studied at places like Stanford, it is no wonder that most of the entrepreneurs fit the same mold. Venture firms with women as partners are three times as likely to invest in a company with a female chief executive and twice as likely to invest in one with women on the management team, according to the Babson College report.

The lack of female investors has cascading effects. Start-ups’ boards are composed mostly of venture capitalists, so they are often all men. A recent Fortune analysis found that of the 81 start-ups worth more than $1 billion, 5 percent had a female chief executive and 6 percent had a woman on the board. Other studies have found that male founders and directors are less likely to hire women as executives and engineers, or pay men and women equally.

“Honestly, there will be more female entrepreneurs if there are more female venture capitalists,
venture_capital  Silicon_Valley  vc  entrepreneur  founders  start_ups  women  gender_gap  boards_&_directors_&_governance  angels  gatekeepers  white_men 
april 2015
Why McDonald’s is starved for customers - The Globe and Mail
ERIC REGULY
The Globe and Mail
Published Thursday, Mar. 26 2015,
Eric_Reguly  fast-casual  Mcdonald's 
april 2015
Demise of Big Box Retailing in Canada
Arlene Dickinson
The demise of so many big box retailers in Canada leaves a real opportunity for entrepreneurs to fill the markets evolving needs. I believe that the future of bricks and mortar retai...
entrepreneur  opportunities  women  big-box  retailers  customer_experience  small_business  angels 
march 2015
No place for Future Shop as shopping’s future shifts - The Globe and Mail
MARINA STRAUSS - RETAILING REPORTER
The Globe and Mail (includes correction)
Published Sunday, Mar. 29 2015
Marina_Strauss  retailers  e-commerce  consolidation  Future_Shop  Best_Buy  marketing  branding  bricks-and-mortar 
march 2015
IBM to Invest $3 Billion in Sensor-Data Unit - WSJ
March 31, 2015 | WSJ | By DON CLARK. Can CBC get good at communicating the final product on behalf of clients of Pelmorex. So CBC considers supplying the communications platform?

IBM plans to invest $3 billion over four years on a new business helping customers gather and analyze the flood of data from sensor-equipped devices and smartphones.... IBM announced that it is forming an alliance with the Weather Company, which owns the Weather Channel and other information providers. The two companies plan jointly to exploit data about weather conditions to help businesses make better decisions....the centerpiece of IBM's new business unit is a collection of online software called IoT Foundation that runs on IBM’s existing cloud services and allows customers and partners to create new applications and enhance existing ones with real-time data and analysis....IBM is betting that correlating dissimilar kinds of data will yield the highest value. “It’s essential to federate information from multiple sources,” said Bob Picciano, IBM’s senior VP of analytics.... the Weather Channel serves up 700,000 weather forecasts a second. It already sells data to a range of customers in agriculture, transportation and other industries that rely on weather.

But the opportunities have expanded, Mr. Kenny said, as weather sensors installed in many more places have contributed to more timely, localized forecasts. The added detail helps farmers predict more precisely, for example, where hail could impact their fields, Mr. Kenny said.

The Weather Company is turning to IBM, he said, because of its software expertise and relationships with customers in many industries.
sensors  IBM  weather  massive_data_sets  data  data_driven  analytics  Industrial_Internet  smartphones  cloud_computing 
march 2015
Jay Z Enters Music-Streaming Wars With Tidal - WSJ
By JOHN JURGENSEN
March 30, 2015

Tidal as “the first ever artist-owned global music and entertainment platform. We want to create a better service and better experience. Our mission goes beyond commerce and technology.”

Tidal faces a major challenge in gaining a foothold among streaming giants such as Google, Rhapsody and Spotify AB, which has 60 million total users, including 15 million who pay for access. Tidal’s parent company, Aspiro, reported 503,000 paid users in January.

Tidal has been available in the U.S. since last year. The service’s main selling point is higher-quality sound, but Ms. Keys also made a reference to exclusive content, which will no doubt include releases by some of the artists with her on stage Monday.
streaming  Jay-Z  music  Tidal  Spotify  Rhapsody  exclusivity  content 
march 2015
Singapore reminds us of Burnham and the PNC’s colossal failure
AUGUST 23, 2014 | : Kaieteur News| M. Maxwell.

Guyana and Singapore started at fairly similar points of economic development in the early sixties. Guyana had the advantage of far greater resources and a smaller population base. Today, Singapore is a developed nation and economic powerhouse while Guyana paddles around in the gutter economically.
Singapore  Guyana  PNC  economic_development  economic_stagnation  Lee_Kuan_Yew  LFSB 
march 2015
Why Reconstruction Matters - NYTimes.com
By ERIC FONER MARCH 28, 2015

Reconstruction also made possible the consolidation of black families, so often divided by sale during slavery, and the establishment of the independent black church as the core institution of the emerging black community. But the failure to respond to the former slaves’ desire for land left most with no choice but to work for their former owners.

It was not economic dependency, however, but widespread violence, coupled with a Northern retreat from the ideal of equality, that doomed Reconstruction. The Ku Klux Klan and kindred groups began a campaign of murder, assault and arson that can only be described as homegrown American terrorism. Meanwhile, as the Northern Republican Party became more conservative, Reconstruction came to be seen as a misguided attempt to uplift the lower classes of society.
African-Americans  disenfranchisement  segregation  Jim_Crow  the_South  Reconstruction  slavery  emancipation  Civil_War  KKK  terrorism  violence 
march 2015
After Kleiner Trial, Expect Less Shooting From the Hip in Silicon Valley - NYTimes.com
MARCH 28, 2015 | WSJ | By DAVID STREITFELD and CONOR DOUGHERTY.

In its glory days, venture capital was a freewheeling enterprise with few rules and scant documentation. That may all be over now....This probability became apparent during the testimony of Ellen Pao, the former junior partner who was suing Kleiner. She said that she had discovered Twitter as a potential investment for the venture capital firm. But Kleiner disputed that Ms. Pao had found Twitter because she could not prove it. Twitter is now worth $32 billion.

“There is not a single piece of evidence to suggest Ellen Pao ever sourced Twitter,” Kleiner’s lawyer, Lynne C. Hermle, told the jury....The issue of having to document an idea is now set to ripple through Silicon Valley. While the truth of what did or did not happen with Twitter was one of the many unresolved points of the trial —.... — it is a pretty good bet that the next time a junior partner at Kleiner or any other venture firm thinks he or she has come up with something great, the partner will record it in emails, memos, diaries and possibly stone tablets.
Kleiner_Perkins  Silicon_Valley  women  venture_capital  Ellen_Pao  gender_discrimination  documentation 
march 2015
To be successful, do only what you do best - The Globe and Mail
STEVE TOBAK
Entrepreneur.com
Published Friday, Mar. 27 2015

make no mistake, if you want to be successful in business, you have to find that one thing you do best.
strengths  focus  ksfs  affirmations  howto  special_sauce 
march 2015
Balance of Power Shifts in Groceries - WSJ
By LESLIE JOSEPHS and ANNIE GASPARRO
Updated March 26, 2015
grocery 
march 2015
Lean Recipe Fuels Food Deals - WSJ
By DAVID KESMODEL and ANNIE GASPARRO
March 25, 2015
Kraft  Heinz  3G_Capital 
march 2015
Nine retailers closing the most stores
Douglas A. McIntyre and Alexander E.M. Hess, 24/7 Wall St. 8:30 p.m. EDT March 12, 2014

A number of factors can lead companies to close stores. One is mergers and acquisitions activity. As organizations join forces under a single umbrella, locations that once competed for sales can become redundant, leading to store closings. The most recent example of this is the marriage of Office Depot and OfficeMax, completed late last year. Management has made it plain that the merger would produce cost savings by consolidating jobs and closing stores.

The pressures businesses face from the growth of online retail is another factor that can contribute to store closings....Outside of those retailers undergoing mergers, or shrinking to limit costs and preserve their bottom lines, a number of retailers have had to shrink their store count in order to shift into new markets. ...Companies close stores for different reasons. In the case of Sears Holdings, is likely to shutter a number of locations as part of a larger strategic overhaul to fund its transformation and make operations more efficient. Closing stores "frees up capital, reduces losses and de-risks our model," the company said in an earnings presentation.

In contrast, J.C. Penney is only closing stores that noticeably underperformed.
bricks-and-mortar  consolidation  de-risking  downsizing  e-commerce  LBMA  mergers_&_acquisitions  retailers  store_closings  store_footprints  under-performing 
march 2015
Target Market Strategy Guide
APR 20, 2011 | Inc. | BY TIM DONNELLY
Inc.com Contributor@TimDonnelly
focus  marketing 
march 2015
Finding Success, Well Past the Age of Wunderkind - NYTimes.com
MARCH 20, 2015 |NYT| By ABBY ELLIN.

In his book, “Old Masters and Young Geniuses: The Two Life Cycles of Artistic Creativity,” David W. Galenson, a professor of economics at the University of Chicago, argues that there are two kinds of practitioners in most given fields: conceptual and experimental. Conceptual minds tend to be younger and typically better with abstractions. Experimental minds, on the other hand, take longer to gestate, working by trial and error. This helps explain why, for example, conceptual artist Pablo Picasso produced his greatest work at age 26, whereas Paul Cézanne created his at 67. “To say every discipline has its peak age is wrong,” Mr. Galenson said.
Second_Acts  retirement  books  Pablo_Picasso  aging  experimentation  wunderkind  late_bloomers 
march 2015
Google Should Feel Lucky in Its Finance Chief Hire - NYTimes.com
MARCH 24, 2015 | NYT | Robert Cyran is a columnist for Reuters Breakingviews. For more independent commentary and analysis, visit breakingviews.com.

Google should feel lucky about its search for a new chief financial officer.

There’s a dearth of executives with the financial, technology and government know-how needed to help run a $400 billion company. Even fewer women fit the bill. Silicon Valley and Wall Street just can’t find people like Morgan Stanley’s chief financial officer, Ruth Porat, fast enough. The challenge is to create more like her.

Ms. Porat grew up in Palo Alto, Calif., and graduated from Stanford before embarking on an almost three-decade career in investment banking.
CFOs  Google  Silicon_Valley  Wall_Street  women  Stanford  alumni  Andrew_Sorkin 
march 2015
The networker: Martin Sorrell of WPP - FT.com
March 13, 2015| FT | Andrew Hill.

After 30 years, WPP now embraces some of the best-known names in marketing, advertising and public relations, including Ogilvy & Mather, J Walter Thompson and Burson-Marsteller.
In the process, Sorrell has become one of the best-connected executives in the world....Sorrell performs a similar role at WPP, using a combination of visionary pronouncements and obsessive micromanagement of clients, finances and employees. ....later this year a new chairman, Roberto Quarta, will take over. Quarta, a tough Italian-American with a background in private equity, is expected to be less submissive to WPP’s chief executive than previous chairmen. The question of how long Sorrell ­continues in his role, who could succeed him, and what will happen to the WPP empire if he goes, will be the most important issue on Quarta’s desk....“[If] I have been behaving as an owner, rather than as a ‘highly paid manager’ . . . mea culpa. I thought that was the object of the exercise,” he wrote.
Martin_Sorrell  WPP  advertising  advertising_agencies  succession  deal-making  WEF_Davos  legacies  JWT  Ogilvy_&_Mather  owners  Burson-Marsteller 
march 2015
Black faces in art history begin with the Pharaohs - FT.com
March 13, 2015| FT | Martin Peretz.

Sir, In a standfirst to the review by Ariella Budick of the Brooklyn Museum’s exhibit of Kehinde Wiley’s paintings, the FT makes a horrendous mistake by asserting that “Black faces have long been excluded from art history” (“Old Masters remixed”, Life & Arts. Of course, if one were to do a count of black faces among the countless general chronicles in the field, that would be true. But the past quarter century has changed all that. More to the point, the founder of the Houston-based Menil Collection, Dominique de Menil, underwrote a vast project that has culminated in a five-volume, illustrated and gorgeous study of The Image of the Black in Western Art, (http://www.imageoftheblack.com/) edited by David Blackman and Henry Lewis Gates Jr.

It begins with the pharaohs and ends only yesterday.
letters_to_the_editor  art  Africans  books  Henry_Louis_Gates  museums  imagery  portraiture  exclusion  art_history 
march 2015
CFOs today: Is a bean-counting background optional? - The Globe and Mail
JONATHAN STOLLER
Special to The Globe and Mail
Published Monday, Mar. 23 2015
CFOs  career_paths 
march 2015
The not-so-secret weapon to business success - The Globe and Mail
TONY GARERI
Contributed to The Globe and Mail
Published Friday, Mar. 20 2015,
truth-telling  conversations  candour  stressful 
march 2015
Five angel investing trends to watch in Canada - The Globe and Mail
MICHELLE SCARBOROUGH
Contributed to The Globe and Mail
Published Thursday, Mar. 12 2015,
angels  trends  homegrown 
march 2015
From jungle to juggernaut: How Singapore pulled off its economic miracle - The Globe and Mail
IAN McGUGAN
From jungle to juggernaut: How Singapore pulled off its economic miracle
SUBSCRIBERS ONLY
The Globe and Mail
Published Monday, Mar. 23 2015
Singapore  economic_development  Lee_Kuan_Yew 
march 2015
Can-Do Lee Kuan Yew - NYTimes.com
MARCH 23, 2015
Continue reading the main story

Roger Cohen

The measure of that achievement is that the ingredients of disaster abounded in Singapore, a country that is “not supposed to exist and cannot exist,” as Lee said in a 2007 interview with The New York Times. “We don’t have the ingredients of a nation,” he noted, “the elementary factors: a homogeneous population, common language, common culture and common destiny.” Instead, it had a combustible ethnic and religious hodgepodge of Chinese, Malays and Indians gathered in a city-state of no natural resources....The fact that the elements for cataclysm exist does not mean that cataclysm is inevitable. Lee demonstrated this in an age where the general cacophony, and the need to manage and spin every political minute, makes statesmanship ever more elusive. The determining factor is leadership. What defines leadership above all is conviction, discipline in the pursuit of a goal, adaptability in the interest of the general good, and far-sightedness.

Lee’s only religion was pragmatism, of which religion (as generally understood) is the enemy, because, to some adherents, it offers revealed truths that are fact-resistant. Any ideology that abhors facts is problematic. (If you believe land is yours because it was deeded to you in the Bible, for example, but other people live there and have for centuries, you have an issue pregnant with violence.) Lee had one basic yardstick for policy: Does it work? It was the criterion of a forward-looking man for whom history was instructive but not imprisoning. He abhorred victimhood (an excuse for sloppy thinking and nationalist delusion) and corruption. He prized opportunity, meritocracy, the work ethic of the immigrant and education.
authoritarianism  city-states  far-sightedness  leaders  leadership  Lee_Kuan_Yew  nation_builders  obituaries  Roger_Cohen  Singapore  Southeast_Asia  statesmen  tributes  victimhood  work_ethic 
march 2015
Apple’s drive for world auto dominance spooks the industry - The Globe and Mail
GREG KEENAN, BRIAN MILNER AND OMAR EL AKKAD
The Globe and Mail
Published Friday, Mar. 20 2015,

Apple’s big advantage over traditional car makers is simple, yet hard to overcome, and it lies in the cloud.

The cloud consists of remote servers that store vast amounts of data and run applications, giving everyone on the planet with a connected device access to unlimited computing power essentially for free. It is also revolutionizing the way companies do business by instantly providing them with vast amounts of customer data. And it means Apple would not need to acquire car manufacturing capacity or build assembly and distribution networks in order to create chaos in the club.

It’s an advantage few traditional manufacturers, including auto makers, fully grasp, let alone have the ability to exploit.....“Apple thinks from the cloud out,” says Mr. McInerney, who would definitely line up for an Apple vehicle. At least then, he says, he would be assured of a better communications interface than the clunky one in his new upscale German model.

“If you’re an Apple or a Google, it allows you to use the same power to manage your supply chain that you use to manage your customers,” he says.

“That’s a revolution in thinking that allows you to identify all the cash-wait states [where money sits idle] and to collect a stunning amount of customer information in real time. Put the two together and you’re turning that information into cash at an accelerated rate. Car companies don’t think like that.”
automotive_industry  automobile  Apple  batteries  autonomous_vehicles  cloud_computing  connected_devices  layer_mastery  digital_first  data_coordination  incumbents  monetization  cash  customer_data  idle_funds  SMAC_stack  connected_cars 
march 2015
No barrier’s too big for Brazilian hair-care pioneer
Mar. 20 2015 | The Globe and Mail | STEPHANIE NOLEN.

The barrier-breaking Leila Velez: By bringing fast-food standardization and Disney’s customer-service model to her hair-care business serving Brazil’s black and mixed-race women, the bootstraps entrepreneur has taken Beleza Natural from one tiny storefront to a chain of 29 locations – and her ambitions don't stop there.
Stephanie_Nolen  personal_care_products  personal_grooming  Brazilian  gazelles  women  trailblazers  Afro-Brazilians  hair  standardization  entrepreneur 
march 2015
Lawrence H. Summers: ‘There are many ways of burdening our future’ - The Globe and Mail
RUDYARD GRIFFITHS
Special to The Globe and Mail
Published Friday, Mar. 20 2015

Lawrence Summers: confidence is the cheapest form of stimulus.

If a young person asked you, ‘How do I thrive in a low-growth economy?’ what would your advice be?

It’s never been more important to be comfortable with technology, to be well-educated, to not just know things, but know how to learn, and develop a set of distinctive skills that employers can value. For people who are able to do those things, the combination of technology and global markets will make this a moment of immense opportunity........There are many ways of burdening the future. One is to borrow money – though, given how low interest rates are, those burdens aren't that great. Another is to defer maintenance. Those costs accumulate at a much greater rate, and that's why I think infrastructure investment is so very important. Another way to burden future generations is to scrimp on education. Another way is to fail to invest in basic scientific research. Another way is to saddle them with huge pension liabilities for those who are working, serving the public today. We are doing all those things.
advice  America_in_Decline?   automation  confidence   deferred_maintenance  downward_mobility   economic_stagnation   economic_stimulus   economy  growth  infrastructure  Larry_Summers   leaps_of_faith    low_growth  new_graduates  Rudyard_Griffiths   skills  slow_growth  technology  the_Great_Decoupling  
march 2015
Dindigul Thalappakattu Biriyani: The best biryani in Toronto - The Globe and Mail
CHRIS NUTTALL-SMITH
The Globe and Mail
Published Friday, Mar. 20 2015

He makes biryani, the one-pot, special-occasions dish of layered, slow-cooked rice, spice and meat that is often called Indian cooking’s highest achievement. Even today, he still gets would-be customers who come looking for samosas or roti and leave in a huff.
restaurants  restaurant_reviews  Toronto  cuisine  Chris_Nuttall-Smith  one-pot  Indians  rice 
march 2015
The Laneway Project: How one small idea could bring new life to Toronto’s back alleys - The Globe and Mail
MARCUS GEE
The Globe and Mail
Published Friday, Mar. 20 2015

The Laneway Project. Its organizers, a trio of Toronto planners and urban designers, are working with city officials and community groups to find ways to green, beautify and enliven Toronto’s back lanes, turning them into places where people want to spend time instead of simply pass through.
ideas  civics  design  public_spaces  neighbourhoods  Toronto  green  beautification  urban  Marcus_Gee 
march 2015
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