I JUST FIGURED OUT HOW TO FIX EVERYTHING!

I had a revelation today while trying to buy healthcare. I’m telling you, this idea is a huge opportunity for the right Startup to partner with one of the world’s biggest companies!

Background

Here in Oregon, one needs to use the state’s Cover Oregon web site to sign up for Obamacare. The only problem is, the site does not work.

Having tried myself, I can tell you that it is currently is impossible to get Obamacare through the Cover Oregon web site. I applied a month ago and have heard nothing. Why? Their application is nothing but a PDF form that someone prints somewhere so they can key your data into Oracle!

According to this article in the Oregonian, who is to blame for this debacle? Oracle!

Now it all makes sense.

 
I tried to call Cover Oregon and see what the deal is. After two hours on hold, I never even got through.

I ended up purchasing insurance directly at moda.com. They know how to do business and have a web site that works.

So I’m asking myself, why do we need to apply in the first place? We are required by law to buy insurance.

And then it hit me.

The IRS needs to adopt Obamacare’s business model and hire Oracle to do the web site! You’ll have to apply to pay your taxes.

We will all be much richer in the end.

Hardest Lessons from Startup School

Paul GrahamPaul Graham from Y Combinator has posted lessons some of the Hardest Lessons from Startup School.

Improving constantly is an instance of a more general rule: make users happy. One thing all startups have in common is that they can’t force anyone to do anything. They can’t force anyone to use their software, and they can’t force anyone to do deals with them. A startup has to sing for its supper. That’s why the successful ones make great things. They have to, or die.

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The Jeff Bezos Regret Minimization Framework for Building Your Startup

Over at Forbes, Jeff Tyler writes that budding Entrepreneurs should consider what Amazon CEO Jeff Bezos calls the Regret Minimization Framework.

Bezos weighed the pros and cons over and over again. And finally, he came to a realization that made the decision to pursue his startup idea “incredibly easy.” He called it the regret minimization framework, in which he imagined himself as an 80-year-old man looking back at his life. Foremost, as an elderly man, he knew that his life’s regrets, more so than anything, would keep him tossing and turning late into the night. At the same time, he strongly believed that the 80-year-old Jeff Bezos would not regret having tried building a startup that had a chance to make real impact — even if it most likely ended in failure. What would deeply haunt him would be the regret of having watched the opportunity pass him by.

In what may be their best ad ever, Harley Davidson applied the Regret Minimization Framework in their marketing for great effect.

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Biz Stone on the Importance of Failure for Entrepreneurs

Biz Stone

Over at Inc. Magazine, Abigail Tracy writes about the importance of failure for Twitter co-founder Biz Stone.

Earlier this week, Biz Stone, co-founder of Twitter, presented at the New Context Conference in San Francisco and highlighted the fumbles from his start-up career–a nice lead up to today’s much-anticipated Twitter IPO.

Stone reflected on his time at Xanga, and said that not focusing on building a strong company culture was his greatest mistake with the start-up. Unhappy with the company’s shift away from innovation and the culture that had developed, Stone quit Xanga. “What I should have done was work really hard to make a change in the company culture,” said Stone. “The lesson I learned was that company culture at the beginning is incredibly important. You have to tend to it…almost as much as you tend to your product.”

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Video: Sources of Funding for Startups – What Works and What Doesn’t


 
In this video, Ankit Agarwal from Micello and Nikhil Bhat from PRS Technologies discuss Sources of Funding for Startups: What Works and What Doesn’t.

How do you plan on getting your startup funded? When is the right time? And from whom? These questions vex all founders during their finance process and are a constant source of frustration and challenge. There are various models and ideas out there, but few get creative enough to stay lean and cash comfortable. For some industries, (Enterprise & B2B) making a viable product without any funding is nearly impossible, while for some consumer startups, their go to market strategy can be as simple as developing a mobile app.

Failure as a Means of Success

Over at the Summation Blog, Auren Hoffman writes that in most fields, a good success rate is about 25%. If you are succeeding more than that, you are likely not innovating enough or you are settling.

It is a bad sign if you are an entrepreneur and every investor you meet with wants to give you a term sheet on your terms. Either you should be going after better investors or you should be insisting on better terms. A lack of rejection is the surest sign that something is scarily wrong.

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Why Your Startup Needs More than Just a Good Idea

Over at BPlans, Tim Berry writes about why that an entrepreneur’s good idea is not sufficient by itself for any serious investor to fund.

Why? Because there are also other good ideas out there, some of which have already been developed, tested and put into practice, thus decreasing the amount of risk an investor will be taking. The bottom line is that ideas by themselves are simply not fundable by professional investors.

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Global Startup Youth To Gather 540 Young Entrepreneurs From 90 Countries

 

Today the Global Startup Youth (GSY) event announced that 540 youth (18-25) from at least 90 countries will work over 3 days to ideate and launch new projects that will hopefully evolve into ventures that are globally sustainable.

This event harnesses the power of youth, their cultural diversity, their domain expertise and their deep conversations about today’s world problems to accelerate them into ventures, ready to be taken to market and scaled,” said Dash Dhakshinamoorthy, entrepreneur and Founder of StartupMalaysia.org. “The teams will get to interact with entrepreneurs and leaders from all over the world as well as hear President Obama’s keynote address. This is an amazing opportunity for all of the chosen participants.”

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