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Chinese woman in $57m fraud trial
Chinese woman in $57m fraud trial.
The young entrepreneur denies that she was running a pyramid scheme.
She insists she borrowed money from 11 friends and did not know what they had told others who had lent to them.
She claims if she had not been arrested she would have made enough to pay [...]
Business plan? Don”t waste your time
Business plan? Don”t waste your time.
It seems to hearken back to the days when VCs were throwing money at any entrepreneur with a half-baked idea and a Web site, but new research from the University of Maryland says it”s true: Business plans are more trouble than they”re worth.Researchers compared what they called objective characteristics of [...]
AmazonFail entrepreneur gets big ROI plus criticism
AmazonFail entrepreneur gets big ROI plus criticism.
But the opportunistic entrepreneur has also faced harsh criticism.
‘In the past two days, lots has happened concerning the auction, website, emails, and Twitters,’ he said. ‘I have had people reach out to me personally positively, skeptically, and threateningly.’
Via a Twitter account, amazonfailsite, Frankola is trying [...]