Google fires its first salvo at MyYahoo, MSN with an integrated portal of its services Link: CustomizeGoogle.com

Some facts and Quotes about Raising Seed Capital - Via Paul Allen Angels fund 30-40 times more companies than VCs, but they do much smaller deals. VCs fund 1-3% of the deals they look at Angels fund 22% of the deals they seriously consider Angels fund 84% of rounds under $250,000 #1 source of initial funding for startups is entrepreneur’s own savings (74%)

** Characteristics of a Good Business Model** Review of the business models of 70 companies finds no single model guaranteed to produce financially superior results; however, the more successful models do share three characteristics. First, they offer unique value—sometimes in the form of a new idea. More often, it is a combination of product and service features that offers more value; lower price for the same benefit or more benefit for the same price.

** Characteristics of a Good Business Model** Review of the business models of 70 companies finds no single model guaranteed to produce financially superior results; however, the more successful models do share three characteristics. First, they offer unique value—sometimes in the form of a new idea. More often, it is a combination of product and service features that offers more value; lower price for the same benefit or more benefit for the same price.

Via: JotBlog Jotspot has an event called hackathon which helps engineers in the firm become more creative. It’s a day-long event where our engineers each crank on something: valuable to the company but not what they’re “supposed” to be working on and that can be taken from idea to working prototype in one day Results are stunning!