Welcome To The Startup Economy

My favorite part ofForbes is its focus on entrepreneurship. I am thrilled to have a chance to contribute to that narrative in this blog — dubbed The Startup Economy.

I come from a family of entrepreneurs. One of my great grandfathers owned a chain of gasoline stations in Massachusetts. One of my grandfathers started a large Massachusetts-based accounting firm and expanded it with help from my father and uncle. And another uncle co-founded, Bose, the Massachusetts-based sound system company, with his MIT roommate, Amar Bose.

That uncle introduced me to computers when I was eight. I followed that interest through a degree in electrical engineering from Swarthmore College and graduate work in computer science at MIT. While there I worked for a consulting firm founded by five MIT professors and after getting an MBA at Wharton, I spent three years at Monitor Company, a strategy consulting firm co-founded by Harvard Business School professor, Michael E. Porter.

In 1994, I opened a strategy consulting firm. My first client was a Japanese telecommunications firm that needed help deciding how to compete in the video-on-demand industry. Since I started in consulting, I’ve completed over 150 projects — all related to tapping the growth opportunities that flow from changing technologies. I also invested some of the consulting business’ profits in six high tech startup companies, three of which were sold for over $2 billion.

To keep things complicated, I also inherited a compulsion for writing. So far, I have written 10 books and started blogging in 2006 — first on Aol’sBloggingStocks and later on its DailyFinance.  Here are some of the posts I did there of which I am particularly proud:

  • Broke BMW fuel pump malfunction story in July 2010 that led to an October 2010 150,800 vehicle recall.
  • Reported on Boeing’s problems with its 787, including breaking news about problems with the 787’s electrical systems andenvironmental control system and its CEO’s consideration of moving Boeing to China.
  • Recommended selling short a leading subprime mortgage lender, NovaStar Financial, in December 2006 whose stock fell from $106 to $0.50 and reported on the financial crisis – including a series of posts on the financial crisis’s causes, effects, and recommendations to prevent a recurrence.
  • Conducted interviews with CEOs of startups and small andmedium-sized exporters to reveal why they’re growing and to highlight what makes them create jobs.
  • Interviewed experts on high frequency trading to help explain the causes of the May 2010 flash crash.

Continue reading: http://blogs.forbes.com/petercohan/2011/05/02/welcome-to-the-startup-economy/?partner=yahootix