Piecemeal criminal-justice reforms following last year’s protests are coming up against hard numbers: violent crime is up. We ask what can, and should, be done. The man who led a coup in Mali last year has done it again; our correspondent considers how the tumult affects the wider, regional fight against jihadism. And the global spread of Japan’s beloved anime. For full access to print, digital and audio editions of The Economist, subscribe here www.economist.com/intelligenceoffer
Hello listeners... its time to embark upon Season 5 of the Code Story podcast. As we step into this journey together, you an expect to hear amazing stories about MVP's, trade offs, determining feature importance, building teams - and scaling, or fighting scale, as you grow. Our guest list continues to impress, with appearances from Abhinav Asthana of Postman, Derrick Reimer of SavvyCal, Hazel Savage of Musiio... and so many more.
Season 5 starts on June 15th, so subscribe today to ensure you don't miss an episode.
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Sophy Lee was born in China, but grew up in a lot of countries and places. She grew up in Australia, lived all over Texas, and went to Harvard for undergrad, studying economics. She is an avid bike racer, mainly on the road, and a triathlete. The combination of living in difference places, school, and racing lead her into the tech world. In fact, she moved to San Francisco to race - though he had taught herself to program post college and had an idea brewing in her head on how to become a better engineer in San Fran.
Sophy has been working on her current product for 6.5 years, starting at a different company formerly known as Shuttle. The product was built originally to map out a trip from point a to b, and have a driver give a protected ride to a child. Four years ago, her current company acquired the product, at which point she joined as CTO to lead the Technology & Information Security team.
In which some controversial Bible theology sells 65 million apocalypse thriller books and even shapes American foreign policy, and John can identify sinners on a plane. Certificate #40618.
The G7 nations are ending the epic corporate tax loopholes, but there’s a finance yin to every business yang. Marriott Vacations (different company from Marriott Hotels) has become a pure play Boomer stock. And Biogen stock surged 40% on FDA approval of a drug to treat Alzheimers.
$VAC $MAR $BIIB
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Vice President Kamala Harris reportedly urged the Biden administration to give her a portfolio -- a clear way to contribute to the work of the White House while also building her political reputation. But now that she’s been tasked with the immigration crisis and the protection of voting rights, is she getting more than a vice president alone can handle?
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Standards make everything easier. When everyone can agree on a standard way to do things, regardless of how it is done, it can reduce confusion and facilitate progress.
You’d think if there was one thing that would be standardized everywhere, it would be the side of the road everyone drives on. I mean, there are only two options.
Yet, there is no global standard for what side to drive on.
Why do many startups fail? Tom Eisenmann, Professor of Entrepreneurship at Harvard Business School realised that even he didn’t really know the answer, despite a lifetime teaching entrepreneurship, and decided to write a book to answer exactly that question. You can hear him go into detail on the NBN Entrepreneurship and Leadership Channel interviewed by experienced entrepreneurs Richard Lucas and Kimon Fountoukidis. Whether you want to start a business one day, or just have better conversations with people who are in business, don’t miss this “book of the day” podcast. He draws attention to a critical gap in the Lean Startup methodology which can save both dollars and time if correctly applied. This idea alone makes the podcast worth listening to.
The NBN Entrepreneurship and Leadership podcast aims to educate and entertain, sharing insights based on the personal story of our carefully selected guests aiming for the atmosphere of an informal conversation in a bar or over a cup of coffee.
In this episode we do go a little further into Tom’s background that normal, and give an entrepreneurial take on his ideas.
He does a great job of explaining his ideas, and there is much for any entrepreneur to learn.
If you want your startup to succeed, you need to understand why startups fail. That question caught Harvard Business School professor Tom Eisenmann by surprise when he realized he couldn't answer it. So he launched a multiyear research project to find out. In Why Startups Fail: A New Roadmap for Entrepreneurial Success (Currency, 2021), Eisenmann reveals his findings: six distinct patterns that account for the vast majority of startup failures.
* Bad Bedfellows. Startup success is thought to rest largely on the founder's talents and instincts. But the wrong team, investors, or partners can sink a venture just as quickly.
* False Starts. In following the oft-cited advice to "fail fast" and to "launch before you're ready," founders risk wasting time and capital on the wrong solutions.
* False Promises. Success with early adopters can be misleading and give founders unwarranted confidence to expand.
* Speed Traps. Despite the pressure to "get big fast," hypergrowth can spell disaster for even the most promising ventures.
* Help Wanted. Rapidly scaling startups need lots of capital and talent, but they can make mistakes that leave them suddenly in short supply of both.
* Cascading Miracles. Silicon Valley exhorts entrepreneurs to dream big. But the bigger the vision, the more things that can go wrong.
About our guest
Tom Eisenmann is the Howard H. Stevenson Professor of Business Administration at Harvard Business School (HBS) and the faculty co-chair of the Arthur Rock Center for Entrepreneurship. Since joining the HBS faculty in 1997, he’s led The Entrepreneurial Manager, an introductory course taught to all first-year MBAs, and launched fourteen electives on all aspects of entrepreneurship, including one on startup failure. Eisenmann has authored more than one hundred HBS case studies and his writing has appeared in The Wall Street Journal, Harvard Business Review, and Forbes.
Kimon is the founder of both Argos Multilingual and PMR. Both companies were founded in the mid 90s with zero capital and both have gone on to become market leaders in their respective sectors. Kimon was born in New York and moved to Krakow, Poland in 1993. Listen to his story here,
Richard is a business and social entrepreneur who founded or invested in more than 30 businesses, including investments in Argos Multilingual, PMR and, in 2020, the New Books Network. Richard has been a TEDx event organiser, supports the pro-entrepreneurship ecosystem, and leads entrepreneurship workshops at all levels: from pre- to business schools. Richard was born in Oxford and moved to Poland in 1991. Read more here. Listen to his story in an autobiographical TEDx talk here,
Several social programs launched during the pandemic are set to expire soon, including an eviction moratorium and enhanced unemployment benefits. Federal student loan payments will be due again starting October 1st, with no movement from the White House yet towards cancellation.
The Supreme Court ruled that immigrants who came to the U.S. for humanitarian reasons can’t apply for a green card if they entered unlawfully. SCOTUS will continue issuing big decisions through the end of the month on issues that include healthcare, voting rights, LGBTQ rights, and more.
And in headlines: a deadly train crash in Pakistan, Google pays $270 million for anti-trust violations in France, and the FDA approves a new Alzheimer’s treatment.
Show Notes:
Washington Post: "The eviction moratorium is about to end. Rent relief hasn’t arrived. These renters decided to take action" - https://wapo.st/3iqTK43
We'll tell you about a first-of-its-kind effort to get money back from a cybercriminal group.
Also, why President Biden's Justice Department is now defending former President Trump in court.
Plus, a heatwave affecting a large part of the country, a possible breakthrough in Alzheimer's treatment that comes with some controversy, and another record broken by an American gymnast.
