Business

  • Mike Lynch: lack of VC operational talent is a 'massive issue'

    Mike Lynch: lack of VC operational talent is a 'massive issue'

    The lack of operational talent among venture capital firms is a "massive issue", according to entrepreneur and Autonomy co-founder Mike Lynch.

    "It's not just that they haven't worked in startups. It's worse than that. They haven't worked in anything other than financial services," he told Wired.co.uk. "Synthesis and analysis are fundamentally different skills."

    He added that he felt that the UK had "gone backwards" in this regard, saying that Apax partners "were all ex-industry people" but that the VC community is now driven by people from financial services. Continue reading

  • We need to apply modern market principles to low-level trade

    We need to apply modern market principles to low-level trade

    We need to create more sophisticated marketplaces for odd-jobs, local services, care hire and other low-level trade, argued policy entrepreneur Wingham Rowan at TEDSalon.

    He said that it is currently hard to find people available to work at the last minute. "If you ran a café and had a midday rush and could book two people for ninety minutes over lunch you would. But no recruitment agency wants to waste time with that sort of job."

    He added that we need a marketplace for spare hours, where it's easy to access people with the right training at the right time. Such a marketplace would show staff from multiple agencies, show how reliable they are and the rate that they charge. It would help get people for whom it's hard to find work -- due to an unpredictable ailment or parents with childcare needs -- to find employment. Continue reading

  • Has Microsoft missed its chance with Office on mobile?

    Has Microsoft missed its chance with Office on mobile?

    It seems that, at long last, Microsoft Office is coming to iOS and Android. Hooray. You'll finally be able to natively edit Word docs on your iPad as the good Lord intended them to be edited: in a software package made by Microsoft. A few years ago, this would have been huge. But times have changed, and Microsoft has a tough fight to make this long-awaited release matter.

    Let's say it's 1998 and you want to write a memo. You want that memo to look nice, and you want to make sure your boss, who works on a different kind of computer, has a chance to edit it before you send it out. Odds are, you're going to use Microsoft Word to write that memo. Likewise, Microsoft Excel was the spreadsheet program everyone had. Together, along with their companion applications for presentations and email management, they formed a juggernaut productivity suite. There was no touching Microsoft Office. Continue reading

  • Wikipedia data could be used to predict box office success

    Wikipedia data could be used to predict box office success

    Analysing information listed on Wikipedia movie pages could be used to anticipate a film's success at the box office.

    Researchers from Budapest University of Technology and Economics, Central European University and Aalto University, Finland have been building a model to predict financial success of movies based on socially generated data sets. Continue reading

  • Microsoft plans to tackle UK's youth unemployment

    Microsoft plans to tackle UK's youth unemployment

    Microsoft has launched a three-year programme to help tackle youth unemployment in the UK, called "Get On".

    Microsoft CEO Steve Ballmer and Prime Minister David Cameron announced the initiative on 7 November. The aim is to help around 300,000 of the 1.02 million unemployed people between the ages of 16 and 24 through education, training and work experience.

    The tech giant has been committed to creating job opportunities in the UK since 2009, when it pledged to help get half a million people into work by 2012. Microsoft says that, to date, the Britain Works programme has directly helped 470,895 people. Continue reading