Word: entrepreneur
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...fact that French private enterprise is surging in the middle of the world's worst economic crisis in 50 years is as surprising as its cause. The motor driving all that bustling start-up action is an innovation known as auto-entrepreneur, a government scheme introduced in January to help would-be bosses bypass the formidable process of founding a small business. The scheme cuts through the jungle of administrative red tape usually required to launch a company, and dramatically lightens the heavy taxes and social charges companies pay. While other firms face set charges whether business is booming...
...surprisingly, the scheme has accounted for more than half of all new companies founded thus far this year. "The auto-entrepreneur plan has been an impressive success, beyond what we'd been counting on," noted Hervé Novelli, secretary of state for small- and medium-size businesses, in late July...
What's working, exactly, is a series of viral humor sites intended simply "to make people happy for five minutes a day," as Huh puts it. Huh, 31, a journalist turned dotcom entrepreneur, was born in South Korea and moved to California when he was in his teens. He launched Pet Holdings in 2007 when angel investors helped him buy a new website called I Can Has Cheezburger?, which is a compendium of "Lolcats," laugh-out-loud feline photos captioned in "kitty pidgin," or artfully misspelled imaginings of cats' inner monologues. (The original Lolcat features a fat gray fur ball...
Rival MySpace has a similar policy blocking account access but has fewer restrictions on profile-viewing. (This inspired an entrepreneur to create MyDeathSpace.com, which started out aggregating profiles of the deceased and has since morphed into a ghoulish tabloid...
...Beate Eriksen on Aug. 17, the English-language version of the controversial user-generated encyclopedia reached 3 million entries. More impressive still: more than 10 million users contributed to that milestone. Not bad for a service originally conceived as an afterthought to Nupedia, a failed first attempt by Internet entrepreneur Jimmy Wales and philosopher Lawrence Sanger at creating a free online encyclopedia...