Startup Team

Tech Geek + Biz Geek = Match Made In Startup Heaven One of the primary issues is that each side is overly dismissive and discounts the value of the other. Technology Geeks might think that biz geeks just wear suits and peddle software once it’s ready. Biz Geeks might think that technology geeks are now commoditized and products can just as easily be developed elsewhere. Both would be wrong.

Creative Compensation

W Robert J. Shillman of Cognex designs creative compensation packages which keeps the company’s attrition rates low “Uniqueness is what people like about rewards. Rich for a night meant dinner for two at any restaurant of your choice, up to $150, and the limo for five hours, which was $250. They had a great time. The 108 North American employees [at the time] got it. Give people $500, they put it in the bank and they won’t remember it.

Single Family Home Sales dip

Via WSJ : “The National Association of Home Builders' index for sales of new, single-family homes fell to 42 in June from 46 in May, marking its lowest point since April 1995, the association said Monday. The May index was revised up one point from a preliminary estimate. When the Housing Market Index is over 50, it means the number of builders who see “good” sales outnumber the number who see “poor” sales.