The world of entrepreneurship news is a complex one, with people ever ready to give their two cents on how you should be running your business/VC fund/incubator.
Here’s what we’ve been reading on how well Saudi is doing in moving away from a reliance on oil, how President Trump’s travel ban affects Iraqi youth, the danger of taking your devices to the office, and some helpful tips from the actor Ashton Kutcher.
The UAE, then Mars. So Elon Musk, cofounder and CEO of Tesla is going to be in Dubai next week to officially launch the electric-powered car in the country. This is great news for anyone enthusiastic about getting electric vehicles on the incredibly congested roads of the UAE. And here’s where to look for jobs with them.
Thick wallets aren’t always a good sign. Business school INSEAD and an early stage VC for Southeast Asian startups, Golden Gate Ventures, have put together a report outlining some of the reasons why success eludes so many founders. Top two tips, too much money isn’t always a good thing and if the market you like is saturated, probably best to stay away.
Why a good employee might do a bad thing. Maryam Kouchaki, an assistant professor at the Kellogg School of Management answers some questions here about why apparently good staff sometimes make unethical choices in the workplace. One reason she cites: too much pressure on your staff may be forcing them to make bad choices. Take note employers.
If you stream it they will come. Back in 2015 we profiled a live streaming startup from Bahrain. They were pretty much the only ones doing it for sporting events in the region and now EVERYONE is on the live streaming bandwagon. It’s become a key part of the strategic business model says this nice CB Insights report on growing industry.
Goodbye oil, hello knowledge. Saudi Arabia’s non-oil private sector is growing. Yay. The country has been injecting some serious cash and resources into encouraging people away from a reliance on oil and more towards a knowledge economy. Good to see it’s working.
Watch for the dangers of BYOD. Cyber security is a growing talking point amongst SMEs as well as the big corporations that are running around with all our data. And bringing your own device to work (BYOD) is one of those ‘threats’ that small companies need to especially look out for. You can throw as much money as you like at security software, but it’s the human in the chain that can often be the weakest link.
Wamda of the week: Trump travel ban and Iraq entrepreneurs. You stop people from moving around, you stop them from progressing. The whirlwind of focus around the executive order from President Trump last week has not just an effect on those seeking refuge, but also those seeking to better improve their home countries. Wamda spoke to Nawres Arif, founder of the Basra makerspace Science Camp, about how the ban will impact the work of his young camp members.
Steve Jobs has some tips for you. Well, actually it’s the actor Ashton Kutcher, who once played Steve Jobs, but we wanted to get your attention. Despite a fruitful acting career he’s also a successful investor, entrepreneur AND philanthropist. This writer has nicely put together six pieces of advice from the guy, which will save you having to do all the research she clearly did. Thanks.
Feature image is Ashton Kutcher being interviewed at Tech Crunch Disrupt San Francisco in 2011. (Image via Wikimedia Commons)