It’s official: YouTube to pay 5000 bucks for competition winner

More and more video sharing sites are online, but only few of the (YouTube, Metacafe’, etc.) offer chances to win/earn money. Today, Monday morning, we got good news for those of you who would like to become filmmakers.
As Webware reports YouTube “announced a new initiative called Project Direct, a contest sponsored by Hewlett-Packard in which [...]

First mover effect is vital for startups. Do you want to know why?

Those of you who study economics probably know the concept of first mover effect. It basically means that a company that is willing to internationalize is likely to succeed on condition that it is the first one to move to a given market.
Something similar takes when launching startups. In this case you have three stages:
1. [...]

How can you convince Venture Capitalists to give you money to launch a startup?

That’s not easy, but it’s still possible. There are few things to keep in mind:
1) Show them the size of the market opportunity, and how you plan to capture a significant part of it.
2) Identify the current and likely competition, along with your best estimate of the current market share for each, and show them [...]

11 golden tips to cut costs when launching a startup.

Launching a startup can be very expensive. In the last few years however the cost of launching innovative projects and web startups in particular has dropped dramatically. What you usually need to spend on is: hosting, domain registration, help from friends and a “big garage”. What is really important is to be patient and [...]

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