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Michael B. Fishbein
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Blog Entries by Michael B. Fishbein

What Exactly Is "Hustle"?

(0) Comments | Posted April 2, 2013 | 1:13 PM

Part-charisma, part-sales, part-hard work, hustle is hard to pinpoint, but, when you see it, you know it.

The hustler has something to prove. While the layman gets handed opportunities, the hustler takes them. The layman waits, the hustler asks.

They layman "should," the hustler already did....

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Real Money Gaming: The Next Billion Dollar Opportunity?

(5) Comments | Posted March 29, 2013 | 3:34 PM

If online gambling laws continue to be relaxed across the United States, it could represent a massive opportunity for entrepreneurs and investors.

Market size

Offline gambling is a massive market with validated demand, and many believe online gambling will be llarger. Overseas, online betting is generating an...

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Popping the Higher Education Bubble

(11) Comments | Posted March 15, 2013 | 12:22 PM

In order to pop the current bubble in higher education we need to align incentives between the schools, students, and employers within this multi billion dollar market and apply more efficient means of credentialing.

Current Economics in Higher Education

The viewpoint that there's a bubble in education has recently...

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Founder Interview: Sarah Ware of Markerly

(2) Comments | Posted January 15, 2013 | 9:34 AM

Below is an interview I did with Sarah Ware, Co-Founder and CEO of Markerly. She provides great advice for aspiring entrepreneurs and talks about her decision to pivot and her experience at 500 startups.

Tell me about yourself and your company.

I'm a Jersey girl. When I got tired...

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My Predictions for Tech in 2013

(0) Comments | Posted December 20, 2012 | 1:59 PM

1.) New Lifestyle for Consumers

With the support from advances in cloud infrastructure, virtual private networks and telecom, corporate employees will increasingly demand remote working, flexible schedules, project-based work and passive income streams. Furthermore, they will transition from the desire to own to the desire to do as a...

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How to Acquire Your First Users Without Spending Money

(0) Comments | Posted December 17, 2012 | 4:06 PM

Thanks to stories of wild user growth at companies like Facebook and Instagram, which are far from the norm, many people seem to believe the old phrase, "If you build it, they will come," and that if their product is good enough, they won't have to do any marketing. While...

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How to Deliver Effective Customer Development Interviews

(0) Comments | Posted November 26, 2012 | 9:17 AM

Customer development interviews are designed to validate or invalidate business assumptions and discover product features that solve customer needs. It's done in order to avoid spending time and money building something no one wants. Ideas are a dime a dozen, but ideas that satisfy a valuable need or problem in...

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How to Get a Non-technical Job at a Start-up

(0) Comments | Posted November 1, 2012 | 9:26 AM

People often ask for advice on how to get a non-technical job at a start-up, so I've decided to write a post so I can organize my thoughts and answer at scale. Below are the seven things I recommend doing.

1. Learn everything you can about start-ups

Learn everything about...

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The Reputation Graph Is Going to Take Over the World

(3) Comments | Posted October 31, 2012 | 11:57 AM

I think Klout has greater potential than any other company in the world. Greater than Apple, Exxon, or Facebook. I think we'll see some form of the reputation graph become integrated with almost every transaction and interaction we have. The problems it could solve range from politics to corporate governance...

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The Future of Venture Capital (Part 2)

(2) Comments | Posted September 22, 2012 | 1:04 AM

My last post was about some recent trends in the venture capital industry and my predictions about how it will change. In this post I wanted to highlight three companies taking a new approach to starting and funding technology startups: Betaworks, Casual Corp, and Innovation Endeavours.

The...

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The Future of Venture Capital

(4) Comments | Posted August 29, 2012 | 11:27 AM

I think we're at the start of a major shift in the way technology startups are funded.

Current Trends

The two major factors that will drive the change are:

1) Less demand for venture capital

There are a few reasons for this. First, open-source technology, cloud computing, and...

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Two Non-Business Model-Related Questions I Ask When Evaluating a Company (Part 2)

(0) Comments | Posted August 8, 2012 | 7:22 PM

Two non-business model-related questions I like to ask when evaluating a company's potential are "Why are you the ideal team to solve this problem?" and "What unique belief do you have that explains why no one else has started this company? "I believe these two questions can give...

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Two Non-business Model-related Questions I Ask When Evaluating a Company (Part 1)

(0) Comments | Posted July 24, 2012 | 1:14 PM

Two non-business model-related questions I like to ask when evaluating a company's potential are, "Why are you the ideal team to solve this problem?", and "What unique belief do you have that explains why no one else has started this company?" I believe these two questions can give great insight...

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You Don't Have to Be a Product Visionary to Create a Great Product

(0) Comments | Posted June 19, 2012 | 11:26 AM

So everyone's heard the buzzwords and maybe even read the book, but is lean start-up methodology (Lean) really a smart practice, and how can it help start-ups succeed?

The Lean Startup

According to Eric Ries, author of The Lean Startup, most start-ups fail because they built...

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Innovation in the Government Industry, Vol. 2: Bitcoin

(0) Comments | Posted May 17, 2012 | 11:00 AM

Continuing my series on innovation in the government "industry," I turn to the topic of currency. Government has a monopoly on currency. Our currency only has value because everyone believes it does and because the government forces us to use it. It's completely disconnected from gold (which also only has...

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Innovation in the Government Industry, Vol. 1: Seasteading

(1) Comments | Posted May 9, 2012 | 12:09 PM

There have been advancements in almost all aspects of how we live our lives. From the abacus to the calculator, the typewriter to the iPad, and the covered wagon to space travel. Almost everything around us has advanced... except for one very critical thing... government! We've been using the same...

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The Innovation Challenge

(2) Comments | Posted April 9, 2012 | 3:12 PM

"Do you want to sell sugar water for the rest of your life or do you want to come with me and change the world?" -- The famous call to action from Steve Jobs to former PepsiCo Vice President John Sculley. Perhaps today's version would be, "Do you...

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A Young Entrepreneur's Innovative Approach to Success

(8) Comments | Posted March 2, 2012 | 9:37 AM

"How to Start a Venture Capital Firm." A Skillshare class... taught by a 21-year-old college dropout! Not even a Harvard-dropout, a small-liberal-arts-college-with-a-mediocre-reputation-in-upstate-New-York-dropout. I was skeptical but intrigued.

At the start of class, he had us introduce ourselves and then he introduced himself. Our introductions took about thirty seconds each......

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