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Commentary & Insights on Entrepreneurship The Top of Mind blog brings an array of editorial views to current events shaping the world of entrepreneurship. Engage, exchange, and expand your own view of the world!

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Why the Seven-Year-Itch Comes Even Sooner for Startups

In marriage, there's a so-called "seven-year itch" that takes the blame for so many doomed relationships. In entrepreneurship that same destiny occurs at year five. That's according to a research based infographic featured on Entrepreneur.com last week. The piece focused on the funding routes and failure rates of startups over the past few years. According to the data, most startups don't make it beyond five years, with only one third making it to ten years.

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Taylor Brown
on October 02, 2014
Top of Minds 5 Must Read Articles in Entrepreneurship

It looks like Johnson & Johnson Family of Companies is out to buy the next big thing in consumer health and wellness. Late last month, the $300 billion company announced its plans to partner with CircleUp, an equity-based crowdfunding platform. The news was all over the national entrepreneurship-focused media outlets. An article on Entrepreneur.com explained that the behemoth business made this move to get early access to the pipeline of emerging innovations in its market. Then it can acquire and add these products to its own product line.

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Taylor Brown
on August 08, 2014
Top of Mind's 5 Must-Read Articles in Entrepreneurship

If you've ever taken a business 101 course, you probably heard this common piece of advice: the customer is always right. It's a customer service approach to business that relies on service staff placing a high priority on buyer satisfaction. The concept dates back to the 19th century when retail pioneers like Harry Gordon Selfridge, John Wanamaker and Marshall Field insisted on customer complaints being treated seriously in order to retain their business.

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Taylor Brown
on July 16, 2014
Top of Mind's 5 Must-Read Articles in Entrepreneurship

Venture capital certainly has its place within the entrepreneurial ecosystem. Some of our nation's largest companies (and employers), like Apple, Google and FedEx, have secured this form of funding. But plenty of Kauffman Foundation research tells us that VC funding isn't as mainstream in startups as one would gather based on its common place in startup news. In fact, less than 20 percent of the fastest growing young companies ever take venture capital money.

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Thom Ruhe
on March 18, 2014
Lessons from Failure: Renting High-end Jewelry

At age 25, Laura Sanko was a founding member of a startup that raised $3.5 Million from some world-famous investors and the Founder’s Fund.  The business model was simple: a website that rented high-end jewelry for special occasions for a fraction of the retail value of each piece.  Three years later, the investment money was all gone and while the site continued to operate, it had failed to meet the investors’ expectations.  I sat down with Laura to figure out what went wrong.

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Diana Kander
on July 25, 2013
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