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The Deceptive Ease of the Startup Process

Born-in-the-cloud companies delivering digital services often fall short in a critical area. Because so many critical barriers to entry to creating an as-a-service company have been eliminated, there has been a mad rush to the as-a-service model on the part of many startups, some of which have become quite successful. The biggest problem that exists is a growing misconception on the part of born-in-the-cloud startups, that creating the infrastructure to a company is equivalent to creating the company. One can, conceivably, create an app, build a website and populate it with content, and add in an e-commerce component and a…

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Economics: How (and where) is Money Created?

If you hear someone compare Uncle Sam’s budget to that of a family, you can be confident that he or she hasn’t a clue about budgets or the way that our monetary system works. Since I have every reason to believe that President Obama is an intelligent and informed person, I wonder how it is that he has, on more than one occasion, suggested that a family budget and Uncle Sam’s budget are alike. “Families across the country are tightening their belts and making tough decisions. The federal government should do the same.” — President Barack Obama, 2010 State of…

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