A recent study challenges the conventional thinking that says only young people can dream up successful new businesses.
- A recent study found that the average age of founders of the 1-in-1,000 fastest-growing new ventures is 45.
- The authors suggested that people tend to accumulate resources, skills and experience with age, all of which boost their chances of entrepreneurial success.
- The results suggest that young entrepreneurs should consider the long haul when planning new ventures.
Veterinarians are concerned. Consumers appear not to be.
- The pet CBD industry, valued at $8 million in 2017, is expected to grow to $1.16 billion by 2022.
- Despite the hype, there have been few clinical studies conducted on pets.
- While there is evidence of its potential therapeutic value, all evidence points to much higher dosages than offered on the consumer market.
Foundational business books for success.
Fifty Inventions That Shaped the Modern Economy, by Tim Harford
- Explore the 50 inventions that made the modern world.
- There is rich advice in the literature of start-up development.
- Learn about the interconnectedness of innovation and business development.
Algorithms and propagandists exploit the human instinct to connect to play us.
- We invest trillions in companies that develop algorithms designed to play us for the sake of profits.
- Facebook algorithms, for instance, show us content that will provoke emotional responses.
- The algorithms look for "exploits" in humans, find how we establish rapport with others, and leverage it for marketing.
Ten of the most sandbagging, red-herring, and effective logical fallacies.
- Many an otherwise-worthwhile argument has been derailed by logical fallacies.
- Sometimes these fallacies are deliberate tricks, and sometimes just bad reasoning.
- Avoiding these traps makes disgreeing so much better.