MikeLigalig.com

IBM's latest retirement move is bad for workers

CHICAGO - IBM ads urge us all to follow its lead and help "build a smarter planet." Let's hope other companies don't follow Big Blue's latest move: an overhaul of its 401(k) plan that shifts its matching contribution to a once-a-year affair.

Source: IBM's latest retirement move is bad for workers

Ford sales jump 40% in November

MANILA, Philippines - Retail sales of Ford Philippines rose more than 40 percent year-on-year in November driven by the strong demand for its vehicles.

Source: Ford sales jump 40% in November

PCCI sees over 7% growth in 2014

MANILA, Philippines - The Philippine economy may grow beyond seven percent by 2014 as firms prepare to be competitive for Southeast Asia?s move toward a unified market and as public-private partnership (PPP) projects start, the Philippine Chamber of Commerce and Industry (PCCI) said yesterday.

Source: PCCI sees over 7% growth in 2014

SM to form low-cost housing unit

MANILA, Philippines - SM Development Corp., the residential construction arm of retail tycoon Henry Sy?s SM Investments Corp., will launch a new brand that will cater to the low-end segment of the market in its bid to alleviate the chronic housing backlog in the country.

Source: SM to form low-cost housing unit

PAL to fly to Turkey, Kuwait, Cambodia

MANILA, Philippines - Flag carrier Philippine Airlines (PAL), a joint  venture between taipan Lucio Tan and diversified conglomerate San Miguel  Corp. (SMC), is set to mount flights to Turkey, Kuwait, and Cambodia  next year amid its ambitious refleeting program.

Source: PAL to fly to Turkey, Kuwait, Cambodia

CAB says PAL still can't fly to London despite UK-PH air pact

MANILA, Philippines - The Civil Aeronautics Board said Philippine Airlines pushed for the signing of the UK-Philippine air services agreement but can't fly to London just yet because Philippine carriers are still banned in Europe.

Source: CAB says PAL still can't fly to London despite UK-PH air pact

Gokongwei, Okada team up for Manila casino project



Source: Gokongwei, Okada team up for Manila casino project

HSBC to pay $1.92B fine for money laundering lapses

British lender HSBC will pay almost $2 billion in fines for money laundering lapses. Reuters reports.

Source: HSBC to pay $1.92B fine for money laundering lapses

PSEi ends in red territory

MANILA, Philippines - After soaring very close to the 5,900 level earlier in the day, the Philippine Stock Exchange index ended in the red on Wednesday.

Source: PSEi ends in red territory

$5.9B Tampakan mine project pushed back to 2019



Source: $5.9B Tampakan mine project pushed back to 2019

Legarda hopes to increase awareness on Int'l Anti-Human Trafficking Day

December 13, 2012. In light of December 12 being International Anti-Human Trafficking Day, Senator Loren Legarda hopes to increase awareness about the plight of human trafficking victims and efforts to combat human traffickers.
"Today, I wish to underscore the message that everyone must join in the effort to combat...

Source: Legarda hopes to increase awareness on Int'l Anti-Human Trafficking Day

Legarda hails signing into Law of AFP Modernization Act

December 13, 2012. Senator Loren Legarda hailed the signing into law of the AFP Modernization Act, a measure that allocates at least P75 billion for the first five years of implementation of the AFP modernization program subject to the capacity of the Department of National Defense (DND).
"Tasked to be where the...

Source: Legarda hails signing into Law of AFP Modernization Act

Privilege Speech of Senator Loren Legarda

December 12, 2012. Speech (As Written)
Mr. President,
As we face anew the difficult task of recovering and rebuilding from the devastation caused by Typhoon Pablo in Mindanao, we ought to revisit the lessons of the past and relearn the lessons we seem to never...

Source: Privilege Speech of Senator Loren Legarda

Boost Phl gov't support to health initiatives--Angara

December 12, 2012. Senator Edgardo J. Angara underscored the need for more government programs that promote healthy and quality living when he re recently spoke at the Healthy Lifestyle Exemplars Awards night.
Leaders and pioneers in the health and medical industry were honored during the awards night, held as part...

Source: Boost Phl gov't support to health initiatives--Angara

Kapampangans honor Manny Villar

December 12, 2012. Sen. Manny Villar received yesterday the Most Outstanding Kapampangan Award (MOKA) at Bren Guiao Convention Center in San Fernando, Pampanga.
The award was given yearly to Kapampangans who contributed significantly to the welfare of the province. Villar was chosen in the business and...

Source: Kapampangans honor Manny Villar

Koko: Healthy children vital to nation's development

December 12, 2012. Senator Aquilino "Koko" Pimentel III, PDP Laban President, today urged the government to give priority to ensuring the health of children as part of its development thrust.
"The health of our children is vital to the nation's development. We cannot attain national development if the children of...

Source: Koko: Healthy children vital to nation's development

PRIB: Senate ratifies bicam report on sin taxes

December 11, 2012. The Senate on Tuesday ratified the bicameral conference committee report restructuring excise taxes on alcohol and tobacco products.
Senator Franklin Drilon, acting chair of the Senate Ways and Means Committee, lauded the ratification of Senate Bill No. 3299, saying that he expects the sin tax...

Source: PRIB: Senate ratifies bicam report on sin taxes

Explanation of vote Senator Jinggoy Ejercito Estrada

December 11, 2012. On the bicameral conference report on the disagreeing provisions of the Sin Tax Bill
While I do recognize the urgent need for a revenue measure that will bankroll health initiatives of the government, it is actually because of this recognition that I have stated time and again that I am not...

Source: Explanation of vote Senator Jinggoy Ejercito Estrada

Sen. Ralph G. Recto's Explanation of Vote on the Bicam Report on Sin Tax Bill

December 11, 2012. Let me begin by saying:
1.  I support a reasonable, fair and realistic sin tax measure that raises significant amount of revenues, specifically earmarked for health insurance and improves health facilities and services, especially in the countryside
2.   A measure that promotes and protects local...

Source: Sen. Ralph G. Recto's Explanation of Vote on the Bicam Report on Sin Tax Bill

Trillanes: New AFP modernization law to strengthen nat'l defense

December 11, 2012. Senator Antonio "Sonny" F. Trillanes IV expressed gratitude to President Benigno S. Aquino III on Tuesday for signing into law the amended Armed Forces of the Philippines (AFP) modernization legislation that will extend the program into another 17 years, saying this will help the capabilities of...

Source: Trillanes: New AFP modernization law to strengthen nat'l defense

Sponsorship Speech by Senator Franklin Drilon

December 11, 2012. MR. PRESIDENT, ON BEHALF OF THE SENATE PANEL TO THE BICAMERAL CONFERENCE MEETING ON THE DISAGREEING PROVISIONS ON HOUSE BILL NO. 5727 AND SENATE BILL NO. 3299, RESTRUCTURING THE EXCISE TAXES ON ALCOHOL AND TOBACCO PRODUCTS, I HAVE THE HONOR TO REPORT TO THIS AUGUST CHAMBER THE BICAMERAL REPORT ON...

Source: Sponsorship Speech by Senator Franklin Drilon

PRIB: Senate ratifies bicam report on IPR

December 11, 2012. The Senate today ratified a bicameral conference committee report on a bill amending the Intellectual Property Code of the Philippines, to protect intellectual property rights of Filipinos who excel in various fields that rely on copyrighted protection.
Earlier, Senator Manny Villar, sponsor of...

Source: PRIB: Senate ratifies bicam report on IPR

More to be done for disaster resilience - Legarda

December 11, 2012. Despite praise from the European Union coordinating body for humanitarian aid, Senator Loren Legarda said that there is much more to be done in order for us to become a disaster-resilient country.
"Officials of the European Community Humanitarian Office (ECHO) cited an improvement in the...

Source: More to be done for disaster resilience - Legarda

Chiz pushes bill for indigents to be released on bail sans posting bond

December 11, 2012. The Senate approved on third reading yesterday the proposed Recognizance Act of 2012 that allows the release of any person in detention unable to post bail bond due to poverty.
Senator Chiz Escudero, chairman of the Senate Committee on Justice and Human Rights and sponsor of the measure under...

Source: Chiz pushes bill for indigents to be released on bail sans posting bond

Angara: GOPAC releases state of corruption analysis for International Anti-Corruption Day

December 11, 2012. Manila, Philippines - In honor of International Anti-Corruption Day, the Global Organization of Parliamentarians Against Corruption (GOPAC) released the inaugural issue of The State of Nations, its regular, in-depth analysis of the state of corruption - and of the progress towards accountability...

Source: Angara: GOPAC releases state of corruption analysis for International Anti-Corruption Day

Speech of Senator Koko Pimentel at the awarding ceremonies of Mu Sigma Phi  Sorority's "Gawad Panitikang Pangkalusugan"

Most Exalted Sister, Dominique Espiritu; Most Illustrious Sister, Maria Isabel Nabor; Senior Guardian of the Temple, Maria Regina Naval; Junior Guardian of the Temple, Dominique Joyce Concepcion; Sister Custodian Externals, Maria Agnes Cubillas; Sister Custodian Internals and this year's project...

Source: Speech of Senator Koko Pimentel at the awarding ceremonies of Mu Sigma Phi  Sorority's "Gawad Panitikang Pangkalusugan"

Remarks of Sen. Koko Pimentel III at the awarding ceremonies for the winners of  the essay writing and Nativihan contests UMak

December 10, 2012. Executive Vice President Dr. Edith Chan, Vice Presidents, Dean Ederson Tapia of the College of Policy and Good Governance, and other officials of the University of Makati, Distinguished Guests, Dear Students, Friends, Ladies and Gentlemen,
Good morning!
Let me begin by congratulating the winning...

Source: Remarks of Sen. Koko Pimentel III at the awarding ceremonies for the winners of  the essay writing and Nativihan contests UMak

Legarda hails approval on final reading of bill seeking funds for Nat'l TV

December 10, 2012. Senator Loren Legarda hailed the approval on third reading of Senate Bill 3316 or the proposed "Act Revitalizing the People's Television Network, Incorporated" which will amend the People's Television (PTV) Charter.
Legarda, a former broadcast journalist, said that there is a dire need to amend...

Source: Legarda hails approval on final reading of bill seeking funds for Nat'l TV

Transcript of Sen. Santiago's manifestation on the Senate plenary

December 10, 2012. What the sponsor is moving for is to merely transfer the discussion on the RH Bill from page 4 of our agenda to page 1 of her agenda. There is no motion as yet to close the period of amendments. What she wants to happen--and I concur with her ambition--is that we should discuss first the RH Bill so...

Source: Transcript of Sen. Santiago's manifestation on the Senate plenary

Transcript of Interview of Senator Franklin M. Drilon

December 10, 2012. On the sin tax bill
We were able to reconcile all the disagreeing provisions between the House and the Senate, and tomorrow, we will sign formally the bicameral conference committee report. This is a breakthrough. This is a reform measure that this President has pushed for and which we will have...

Source: Transcript of Interview of Senator Franklin M. Drilon

PRIB: Senate breathes new life to PTV 4

December 10, 2012. The Senate today approved on third and final reading a bill allowing the People's Television Network, Inc. (PTV 4) to continue its operations.
Sponsored by Senator Gregorio Honasan, chair of the Committee on Public Information and Mass Media, and co-sponsored by Senator Loren Legarda, Senate Bill...

Source: PRIB: Senate breathes new life to PTV 4

PRIB: Bill on indigent persons seeking bail ok'd

December 10, 2012. The Senate today approved on final reading a bill seeking to allow indigent persons facing bailable criminal offenses to post bail without paying bail fees.
Earlier, the Senate approved House Bill No. 5395, taking into consideration Senate Bill No. 2494 authored by Senators Bong Revilla and Chiz...

Source: PRIB: Bill on indigent persons seeking bail ok'd

"At least a decade of 6-8 percent growth" needed to eradicate poverty -- Kiko

December 10, 2012. Senator Francis "Kiko" Pangilinan says that as the government continues to rally support for its good governance and fiscal measures, buoyed by the news of 7.1% growth in the third quarter of 2012, it must address the need for "inclusive and sustainable" growth.
"While there is cause for us to be...

Source: "At least a decade of 6-8 percent growth" needed to eradicate poverty -- Kiko

Kiko throws support behind CJ Sereno's AO 175

December 10, 2012. Senator Francis "Kiko" Pangilinan throws his support behind Chief Justice Ma. Lourdes Sereno's order to reopen a Regional Court Office in the Visayas amid several controversies surrounding it. Pangilinan adds that the Chief Justice is merely implementing measures to ensure the speedy resolutions of...

Source: Kiko throws support behind CJ Sereno's AO 175

Cayetano stresses need for immediate passage of the FOI bill despite high ranking in Rule of Law Index 2012 Report

December 10, 2012. Senate minority leader Alan Peter Cayetano welcomed the improvement in the ranking of the Philippines in the World Justice Project's Rule of Law Index 2012 report.
He said the Philippines' new ranking as the 5th among 23 lower-middle income countries known to be effective regulatory enforcement...

Source: Cayetano stresses need for immediate passage of the FOI bill despite high ranking in Rule of Law Index 2012 Report

Kiko kay Manny: Mananatili kang idolo ng sambayanan

December 9, 2012. Natalo man ang "People's Champ" na si Manny Pacquiao kay Juan Manuel Marquez, wala siyang dapat ikahiya, ani Senador Francis "Kiko" Pangilinan, dahil siya pa rin ang kampeon sa puso ng mga Pilipino.
"Ikaw pa rin ang pinakamagaling na boksingero ng Pilipinas. Bagaman masakit ang pagkatalong ito,...

Source: Kiko kay Manny: Mananatili kang idolo ng sambayanan

Cayetano: Strengthen mechanisms to protect women and children

December 9, 2012. As the country prepares to commemorate the International Human Rights Day on December 10, Senate minority leader Alan Peter Cayetano called on the government to intensify its campaign against crimes committed against women and children.
He lamented the report released by the Philippine National...

Source: Cayetano: Strengthen mechanisms to protect women and children

Legarda stresses importance of Geo-hazard maps in averting disasters

December 8, 2012. Senator Loren Legarda today stressed on the importance of disseminating, using, heeding and updating geo-hazard maps to avoid exposing communities to disasters.
Legarda, Chair of the Senate Committee on Climate Change, made the call following reports that geo-hazard maps were ignored in some...

Source: Legarda stresses importance of Geo-hazard maps in averting disasters

Transcript of Press Conference of Senator Franklin M. Drilon On the Sin Tax Bill

December 7, 2012. I wish to announce that we have achieved a breakthrough in the bicameral conference committee on the sin taxes. Yesterday, we went through seven hours of hard negotiation with the house panel. Principally, on the rates for tobacco, fermented liquor and distilled spirit and also on the earmarking...

Source: Transcript of Press Conference of Senator Franklin M. Drilon On the Sin Tax Bill

After Pablo, Legarda says: Much remains to be done

December 7, 2012. In the wake of Typhoon Pablo, Senator Loren Legarda said that much remains to be done in order to reduce disaster risks in the country and achieve sustainable development.
"Typhoon Pablo unveils the vulnerability of affected communities to natural hazards and extreme weather events. This...

Source: After Pablo, Legarda says: Much remains to be done

Chiz eyes copra farmers as CCT beneficiaries

December 6, 2012. Senator Chiz Escudero is seeking the inclusion of copra farmers affected by the declining prices of copra in the market as beneficiaries in the government's conditional cash transfer program.
"The Department of Agriculture (DA) and the Department of Social Welfare and Development (DSWD) should...

Source: Chiz eyes copra farmers as CCT beneficiaries

Jinggoy challenges LMP: Bring benefits of economic growth to rural, poor...

December 6, 2012. "Make sure that the economic growth we have posted will trickle down to the countryside, to the far-flung communities and municipalities."
Senate President Pro Tempore Jinggoy Ejercito Estrada issued this challenge to the officials and members of the League of Municipalities of the Philippines...

Source: Jinggoy challenges LMP: Bring benefits of economic growth to rural, poor...

Legarda enjoins Filipinos in a Day of Prayer, mourning and awakening in the wake of Typhoon Pablo

December 6, 2012. Senator Loren Legarda today expressed sympathy for the victims and families affected by Typhoon Pablo and enjoined Filipinos in a day of prayer, mourning and awakening.
"I deeply commiserate with the families who have lost their loved ones due to Typhoon Pablo. This tragedy should bring us...

Source: Legarda enjoins Filipinos in a Day of Prayer, mourning and awakening in the wake of Typhoon Pablo

Angara confident of passage of early years act, calls for bicam

December 6, 2012. Senator Edgardo J. Angara is hopeful that the Early Years Act (EYA) will finally be enacted into law, given the House of Representatives has already passed its version of the measure, a few months after the Senate.
Sponsored and authored by Angara, the EYA aims to institutionalize a National...

Source: Angara confident of passage of early years act, calls for bicam

Source:

Koko seeks help for 'Pablo' victims

December 5, 2012. Senator Aquilino "Koko" Pimentel III and members of his staff at the Senate have cancelled their office Christmas party in deference to the many victims of typhoon "Pablo" in Mindanao.
Pimentel made a call yesterday for assistance for the typhoon victims from civic-minded groups and individuals...

Source: Koko seeks help for 'Pablo' victims

PRIB: Senate ratifies anti-trafficking measure

December 5, 2012. The Senate on Wednesday ratified the bicameral conference committee report reconciling the disagreeing provisions of the Expanded Anti-Trafficking Act.   Senator Loren Legarda, chairperson of the Senate sub-committee on anti-trafficking and sponsor of Senate Bill No. 2625, lauded the ratification...

Source: PRIB: Senate ratifies anti-trafficking measure

PRIB: Senate ratifies P2.006T budget

December 5, 2012. The Senate on Wednesday ratified the bicameral conference committee report on the proposed P2.006-trillion national budget for 2013.  Sen. Franklin Drilon, chair of the Senate Finance Committee said the described the budget--10.5 percent higher than this year's P1.816 trillion--as a tool for...

Source: PRIB: Senate ratifies P2.006T budget

Transcript of Interview of Senator Franklin M. Drilon

December 5, 2012. On the 2013 budget
I will submit for the ratification of the Senate the bicameral conference committee report on the disagreeing provision of2013 General Appropriations Bill. This morning, both panels, the House and the Senate, have agreed on the disagreeing provisions, and they have all been...

Source: Transcript of Interview of Senator Franklin M. Drilon

Miriam sees senate victory for RH bill

December 5, 2012. Sen. Miriam Defensor Santiago said that she "could smell victory in the air" for the RH bill, based on the fact that last Tuesday, during the period of amendments, the Senate majority voted down four proposed amendments.            
"The voting showed that the RH group in the Senate has core...

Source: Miriam sees senate victory for RH bill

PRIB: Bicam repeals height limit for aspiring cops, firemen, guards

December 5, 2012. The Senate today ratified a bicameral conference committee report on a bill repealing the height requirement for applicants to the Philippine National Police (PNP), Bureau of Fire Protection (BFP) and the Bureau of Jail Management and Penology (BJMP).            
Senator Gregorio Honasan, who led...

Source: PRIB: Bicam repeals height limit for aspiring cops, firemen, guards

Legarda Alarmed over Loss of Lives, Damage Caused by Typhoon Pablo

December 5, 2012. Senator Loren Legarda today renewed her call for heightened disaster preparedness and risk management in all communities all over the country as she expressed alarm over the loss of lives and damage to livelihoods caused by Typhoon Pablo.
"LGUs affected by Typhoon Pablo should immediately assess...

Source: Legarda Alarmed over Loss of Lives, Damage Caused by Typhoon Pablo

Keynote Speech of Senator Loren Legarda League of Municipalities of the Philippines

December 5, 2012. Senator Loren Legarda today renewed her call for heightened disaster preparedness and risk management in all communities all over the country as she expressed alarm over the loss of lives and damage to livelihoods caused by Typhoon Pablo.
"LGUs affected by Typhoon Pablo should immediately assess...
A 4-degree Celsius world may have seemed impossible twenty years ago, but today, the World Bank warns that we are in fact nearing a crisis that if not responded to proactively, will continue to endanger the survival of this and the next generation. [1]
According to the World Bank report, the...

Source: Keynote Speech of Senator Loren Legarda League of Municipalities of the Philippines

Legarda Keynotes at Assemblies of Mayors, Councilors

December 5, 2012. Senator Loren Legarda imparted her message on effective legislation and good governance in the face of natural hazards at the General Assembly of the League of Municipalities and the 4th Quarterly National Executive Officers and National Board Meeting of the Philippine Councilors' League.
"Besides...

Source: Legarda Keynotes at Assemblies of Mayors, Councilors

Koko seeks bigger LGU share in tax revenues

December 5, 2012. Senator Aquilino "Koko" Pimentel III, PDP Laban President, reiterated today his proposal for local government units to obtain a bigger share in taxes collected by the national government.
In remarks at the Monday Flag-Raising Ceremony of the Rizal Provincial Government, Pimentel urged local...

Source: Koko seeks bigger LGU share in tax revenues

Cayetano defends phrase "safe and satisfying sex" as mentioned in RH Bill

December 5, 2012. Backgrounder:
*         During the plenary debates in the Senate Session Hall last Dec 4 2012, an amendment introduced by Senate President Juan Ponce Enrile sought to removing the phrase "safe and satisfying sex" from the definition of Reproductive Health as stated in the bill.
*...

Source: Cayetano defends phrase "safe and satisfying sex" as mentioned in RH Bill

PRIB: Transcript of ambush interview of Senate President Juan Ponce Enrile

December 4, 2012. Q: Sir, yung FOI Bill, iso-sponsor na daw ngayon nina Senator Allan?
SP: Oo.
Q: Sir, mas madali bang ipasa yun kesa RH?
SP: Wala kaming problema sa FOI eh. Ipinasa namin nung araw yan eh.
Q: So, sir pwede pong kung wala pong interpellation after ng sponsorship nila...
SP: Kung certified. Kung...

Source: PRIB: Transcript of ambush interview of Senate President Juan Ponce Enrile

December 4, 2012. Q: Ano po ang bagong revelations sa hearing?
SERGE:  We presented today, and Emil Sadain did not deny, that he issued disbursement vouchers in favor of Winace Holdings. Ngunit itong disbursement vouchers pong mga ito, inamin niya na pera ng gobyerno ito pero pinapadala po itong disbursement...

Source:

Legarda: Sponsorship Speech: South-East Asian Center for Lifelong Learning for sustainable development

December 4, 2012. Mr. President,
I have the honor to seek approval of Senate Resolution No. 898, under Committee Report No. 482, titled "Resolution Concurring in the Ratification of the Agreement between the Government of the Republic of the Philippines and the United Nations Educational, Scientific and Cultural...

Source: Legarda: Sponsorship Speech: South-East Asian Center for Lifelong Learning for sustainable development

'Our Biggest Challenge Is Obamacare'

'Our Biggest Challenge Is Obamacare'
Source: 'Our Biggest Challenge Is Obamacare'

Freshii Founder's 5-Point Leadership Manifesto

Freshii Founder's 5-Point Leadership Manifesto
Source: Freshii Founder's 5-Point Leadership Manifesto

Tony Hsieh: 'Hiring Mistakes Cost Zappos.com $100 Million'

Tony Hsieh: 'Hiring Mistakes Cost Zappos.com $100 Million'
Source: Tony Hsieh: 'Hiring Mistakes Cost Zappos.com $100 Million'

Tony Hsieh: 'I Fire Those Who Don't Fit Our Company Culture'

Tony Hsieh: 'I Fire Those Who Don't Fit Our Company Culture'
Source: Tony Hsieh: 'I Fire Those Who Don't Fit Our Company Culture'

Economic Uncertainty Will Continue to Stymie M&A Activity into 2013

Economic Uncertainty Will Continue to Stymie M&A Activity into 2013
Source: Economic Uncertainty Will Continue to Stymie M&A Activity into 2013

Start-up Life: Hold On For the Ride

Start-up Life: Hold On For the Ride
Source: Start-up Life: Hold On For the Ride

Enjoy Starting Up. It's the Best Part of Running a Business

Enjoy Starting Up. It's the Best Part of Running a Business


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Source: Enjoy Starting Up. It's the Best Part of Running a Business

Roll Up Your Sleeves and Get Dirty

Roll Up Your Sleeves and Get Dirty


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You Have to Work Around the Clock

You Have to Work Around the Clock


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Grind: GrubHub

Grind: GrubHub


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Source: Grind: GrubHub

This Man Raised $8 Million on Kickstarter

This Man Raised $8 Million on Kickstarter


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Source: This Man Raised $8 Million on Kickstarter

TaskRabbit: From Start-up to Global Web Market for Odd Jobs

TaskRabbit: From Start-up to Global Web Market for Odd Jobs


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Run Your Business From Your Smartphone

Run Your Business From Your Smartphone


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Warrior Sports Manufactures Lacrosse Gear Domestically

Warrior Sports Manufactures Lacrosse Gear Domestically


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Lucas Buick, Hipstamatic

Lucas Buick, Hipstamatic

A Profitable Instagram Rival? Hipstamatic Hipstamatic mobile app didn't hit the $1 billion Facebook payday this week, but it has had a profitable business model for years. Before Instagram ever existed, Hipstamatic brought retro digital photos to the masses. The Hipstamatic iPhone app, which lets users choose retro filters for photos, has been wildly popular since it launched in 2009. It now boasts 4 million users and is used by high-profile photographers, including award-winning New York Times-photographer Damon Winter. The app won Apple's App of the Year in 2010 and has gotten rave reviews from the tech community. So why, one might wonder, did Facebook pay $1 billion to buy Instagram rather than, say, Hipstamatic? While Instagram has focused on social sharing and rapidly grown its subscriber base to more than 30 million, Hipstamatic has taken a different tack. Hipstamatic is a paid photo app. Thanks to a $1.99 download fee, and options to buy premium lenses and filters within the app, it has been profitable since its second week in operation. It reportedly raked in $10 million in revenue last year. Today, it's also one of the only mobile apps outside of games to make a significant profit from in-app sales. Founders Lucas Buick and Ryan Dorshorst position Hipstamatic as a digital photography tool that perhaps might take over a traditional photo concern like Kodak. The Hipstamatic story begins in early 2009, when the two were the owners of a flailing design studio. Over <b>...</b>
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Source: Lucas Buick, Hipstamatic

How Diapers.com Gets Customers Coming Back

How Diapers.com Gets Customers Coming Back

From detergent to diapers, Quidsi founders Marc Lore and Vinit Bharara's portfolio of e-commerce sites are all targeting one customer: the busy mom. After launching Diapers.com in 2004 and bringing to profitability two years later, the duo launched five more sites (including Soap.com) and the company was acquired by Amazon for a reported $540 million in 2010. The secret to their success? Forget the quick sell and focus on keeping a customer for life.
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How Wine.com Came to Dominate its Market

How Wine.com Came to Dominate its Market


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Howard Schultz: Being an Entrepreneur

Howard Schultz: Being an Entrepreneur


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Howard Schultz: The Merchant

Howard Schultz: The Merchant


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6 Habits of True Strategic Thinkers

6 Habits of True Strategic Thinkers

In the beginning, there was just you and your partners. You did every job. You coded, you met with investors, you emptied the trash and phoned in the midnight pizza. Now you have others to do all that and it's time for you to "be strategic." Whatever that means. If you find yourself resisting "being strategic," because it sounds like a fast track to irrelevance, or vaguely like an excuse to slack off, you're not alone. Every leader's temptation is to deal with what's directly in front, because it always seems more urgent and concrete. Unfortunately, if you do that, you put your company at risk. While you concentrate on steering around potholes, you'll miss windfall opportunities, not to mention any signals that the road you're on is leading off a cliff. This is a tough job, make no mistake. "We need strategic leaders!" is a pretty constant refrain at every company, large and small. One reason the job is so tough: no one really understands what it entails. It's hard to be a strategic leader if you don't know what strategic leaders are supposed to do. After two decades of advising organizations large and small, my colleagues and I have formed a clear idea of what's required of you in this role. Adaptive strategic leaders — the kind who thrive in today's uncertain environment -- do six things well: Anticipate Most of the focus at most companies is on what's directly ahead. The leaders lack "peripheral vision." This can leave your company vulnerable to rivals who detect and <b>...</b>
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Source: 6 Habits of True Strategic Thinkers

8 Core Beliefs of Extraordinary Bosses

8 Core Beliefs of Extraordinary Bosses

A few years back, I interviewed some of the most successful CEOs in the world in order to discover their management secrets. I learned that the "best of the best" tend to share the following eight core beliefs. 1. Business is an ecosystem, not a battlefield. Average bosses see business as a conflict between companies, departments and groups. They build huge armies of "troops" to order about, demonize competitors as "enemies," and treat customers as "territory" to be conquered. Extraordinary bosses see business as a symbiosis where the most diverse firm is most likely to survive and thrive. They naturally create teams that adapt easily to new markets and can quickly form partnerships with other companies, customers ... and even competitors. 2. A company is a community, not a machine. Average bosses consider their company to be a machine with employees as cogs. They create rigid structures with rigid rules and then try to maintain control by "pulling levers" and "steering the ship." Extraordinary bosses see their company as a collection of individual hopes and dreams, all connected to a higher purpose. They inspire employees to dedicate themselves to the success of their peers and therefore to the community--and company--at large. 3. Management is service, not control. Average bosses want employees to do exactly what they're told. They're hyper-aware of anything that smacks of insubordination and create environments where individual initiative is squelched by the "wait and <b>...</b>
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Howard Schultz: Making Bold Moves

Howard Schultz: Making Bold Moves


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Howard Schultz and Starbucks' Entrepreneurial Heritage

Howard Schultz and Starbucks' Entrepreneurial Heritage


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Grind: Designer Lara Miller

Grind: Designer Lara Miller


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Of a Kind
Of a Kind
Source: Of a Kind

How Travis Kalanick Decided to Take On the Taxi Industry

How Travis Kalanick Decided to Take On the Taxi Industry
Source: How Travis Kalanick Decided to Take On the Taxi Industry

Ben Huh's Secret to Building an Audience Online

Ben Huh's Secret to Building an Audience Online

I can has success? With nearly 58 humor websites and millions of viewers in his media empire (including the famous I Can Has Cheezburger cat blog), Cheezburger Network CEO Ben Huh says user loyalty has less to do with funny cats, and more with learning from data and strategy.
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How to Identify Your Next Business Opportunity

How to Identify Your Next Business Opportunity

Jason Richelson used his retail experience to create a point of sale system and iPad app that simplifies the lives of other retailers and aims to take over the fragmented point of sale market.
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A Start-up About-Face: From Fabulis to Fab

A Start-up About-Face: From Fabulis to Fab

Video Transcript 00:00 Bradford Shellhammer: I'm Bradford Shellhammer, co-founder of Fab.com and the company's Chief Creative Officer. 00:06 Jason Goldberg: And I'm Jason Goldberg, Founder and CEO of Fab.com and between the two of us, we've built the company together. 00:21 Jason Goldberg: We got together in 2010 to start a company called Fabulis, which is a social networking site and we did that for a year. But we just didn't see how that had a path to become a huge business. And we could just never get to that point where the people we knew and the people that we're close with said, "I love this product". And that's where we kinda said to ourselves, "Alright, why should we spend another day, yet alone another dollar, working on something that we don't think is something the people that we know and care about and care about us, want to use. And so that was that "A-ha" moment of saying, "Well, let's build something that everyone we know wants to use." And so we got together in early 2011 and said, if we could do anything what would we do? Which was a great exercise for us and we kinda had this decision matrix of looking at three things; One is, what are we most passion about? The second is, what could we be the best in the world at? The third is, could we do it in a great market where there's a big opportunity? And every answer of that question came down to design, design, design. 01:28 Bradford Shellhammer: That's the foundation of the company and I think it allow for us <b>...</b>
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4 Secrets of Great Critical Thinkers

4 Secrets of Great Critical Thinkers

In 2009, JD Wetherspoon, a chain of more than 800 pubs in the UK, was facing declining sales. Demand for beer had been down for five years. In addition, pricing pressure from super market chains was intense, and higher alcohol taxes further squeezed its already tight margins. What would you say is the company's real business problem? Most people see it as a sales problem and recommend better marketing and promotion. But this reflex may be wrong. In Wetherspoon's case, the company examined the problem more deeply, looked at data, and framed the situation from multiple angles. In the end, they found the real problem: A subtle but profound shift in consumer preferences. As a result, the chain responded with much bolder actions, transforming all its pubs into family friendly cafes during day hours. The strategy worked. Wetherspoon saw its earnings per share jump by 7.1 percent in the first year. Two years after this frame shift (2011), it has maintained its earnings per share and, with the investment in this new strategy, its free cash flow is up 12.9 percent. Exploring multiple problem framings, by zooming out rather than in, gets you to the root of issues and more creative solutions. If you fail to do this, you risk solving the wrong problem. Ironically, the more experience you have, the harder it will to break from conventional mindsets. Leading companies often get stuck in old business models. Kodak engineers developed an early version of the digital camera, while the <b>...</b>
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Keith Cline: Recruiting Great Employees

Keith Cline: Recruiting Great Employees

Video Transcript 00:01 Keith Cline: I am Keith Cline, the founder of Dissero, which is a recruiting firm that works with venture-backed start-ups primarily in Boston and New York. I work with a variety of consumer web mobile companies such as Rent the Runway, Pixable, Birchbox, Vivox, Word Stream, so apparently venture-backed companies. So, recruiting is a lot like dating, and dating sometimes leads to an engagement, which sometimes leads to marriage. That's a horrible analogy, but it's very true. So, as you're going through the interview process with the person, you really need to know not only they great the job function that they'll they're performing, but they're going to be a great culture fit for your company, and that they're someone who's going to be hopefully a thought leader and a piece of your culture that embraces the thought that other people want to work there too. 00:48 Keith Cline: There are a lot of difficult areas that companies are starving for great talent. One is definitely software engineering and web development because right now there's such a critical void for all of the tech companies as finding great engineers. Second is analytics. So, analytics is becoming a big piece for all companies because data is such a critical piece of making decisions. So, finding people that are very data-driven, analytical type of people is very difficult. Third is marketing. So, marketing has changed a lot over the past couple of years, five years, especially 10 <b>...</b>
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Idan Cohen - Boxee

Idan Cohen - Boxee

Video Transcript 00:00 Idan Cohen: At Boxee we are trying to be an alternative to cable. So looking at the new way that people try and consume media and TV shows and movies, and we are trying to bring all of that media through the internet into the TV. We started the company five years ago. We were trying to build a box. We knew that we wanted to create a new experience for the living room and there is actually no open platform in the living room. So in order to get there, we needed to create our own hardware. We're definitely software people. I mean, it was clear that, that's what we know how to do. We know how to create great experiences. Who are your biggest competitors and how are you better than them? 00:47 Idan Cohen: I would say Apple, Roku and Microsoft... And for us, it was very clear that we can do a better job that we can out innovate and we're definitely... We can move faster and create more compelling experiences, be more open, have less agendas, and that's exactly what happened. I mean looking... For these big incumbents, it's extremely hard to move fast and to introduce new concepts. We definitely benefit from the fact that we have in some ways a smaller audience and definitely more tech savvy. So, we can see how these kinds of concepts that we are trying to introduce are being received very quickly. So I think that for us it's always just thinking a few steps ahead -- what's out there right now that we can use and can actually benefit our customers and <b>...</b>
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The Man Taking Magnolia Bakery Global

The Man Taking Magnolia Bakery Global

Steve Abrams, CEO of Magnolia, has found the best way to expand Magnolia's brand internationally in franchising. He can achieve the control he wants and receive the local expertise he needs to be known world wide.
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How A 27-Year-Old Leads Her Family's Business

How A 27-Year-Old Leads Her Family's Business

Ashley Fina has found the secret to mixing blood and money as the third generation President of Michael C. Fina. The trick is to know and enforce the divide between being an owner and being a leader.
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Carol's Daughter Founder Lisa Price Lets Go of the Reins

Carol's Daughter Founder Lisa Price Lets Go of the Reins

Lisa Price founder and CEO of Carol's Daughter talks about how she transitioned from producing and packaging her own beauty products to heading the company her
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Success Stories: Warby Parker

Success Stories: Warby Parker

Warby Parker Disrupts the Eyewear Industry The founders explain how they dramatically undercut the dominant glasses makers. Neil Blumenthal and David Gilboa, two founders of Warby Parker, explain how they dramatically undercut the dominant glasses makers. They position their $95 vintage-inspired frames like women's fashion accessories--not just to be sold when a prescription runs out. Video Transcript: 00:00 Neil Blumenthal: Warby Parker designs and produces vintage-inspired frames with prescription lenses for $95 whereas it would typically cost $500. And for every pair that we sell, we distribute one to someone in need. What is the main challenge in the glasses industry that you want to overcome? 00:18 Blumenthal: When we were sure of exploring this opportunity, we took a look at the industry dynamics and we found that there were few very large companies controlling the market and keeping prices artificially high. One such company is Luxottica and they basically own the frame industry. So they're vertically integrated. They own manufacturing facilities in Europe and Asia. They own licenses to all the major brands like Chanel, DKNY, Ralph Lauren. So when you buy those brands, you're buying from a company that's just licensing and paying a royalty to those brands. Those brands aren't even designing those frames or manufacturing it or even selling it. So when you look at an industry and you see that there's this one company that's doing roughly $7 billion a year in revenue <b>...</b>
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No Joke. BustedTees Drives Holiday Sales

No Joke. BustedTees Drives Holiday Sales

CollegeHumor co-founder Josh Abramson moves onto his next venture: BustedTees.
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What's Your Exit Strategy?

What's Your Exit Strategy?

Serial entrepreneur Joe Apprendi talks about knowing when and how to leave a business you created.
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Brooklyn Industries: Holiday Shopping

Brooklyn Industries: Holiday Shopping

This year's Black Friday and Cyber Monday shopping weekend was a significant boost for US retailers, raking in around $53 billion nationwide. That's a number that far surpassed most projections. But while big box stores head into the rest of the holiday shopping season armed with slashed prices and seemingly endless inventories, small retailers have what can be a daunting task of trying to compete. "It's a game we have to play—but we play by different rules," says Lexy Funk, CEO and co-founder of Brooklyn Industries, a clothing retailer that boasts 14 stores in cities including New York, Portland, and Chicago. "If we discounted 70 percent off of everything for the whole month of December, like a big chain would, we'd be out of business." After 11 years running a small-but-growing retail business, Funk has learned how to maximize holiday transactions, which make up about 23 percent of Brooklyn Industries's annual sales figures. Here, she shares some lessons from the front lines. Tune in to your best customers. Not every customer wants what the mass market offers. Instead, focus on personality, personalization, or one-of-a-kind items. Funk says this year Brooklyn Industries is offering a line of handmade leather bags. "While we charge more for this item; it is unique to us. It's what our customer comes to us for," she says. Her team chose to promote these bags as holiday gift items, and, so far, the bags are bestsellers. "People are willing to pay more for something that is <b>...</b>
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Success Stories: Main Street Connect

Success Stories: Main Street Connect


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Source: Success Stories: Main Street Connect

30 Under 30: 2011 Party

30 Under 30: 2011 Party

This year's honorees celebrated their accomplishments and shared their experiences of making it onto the list.
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