First of all, Happy New Year! Every Friday we list 7 of the best stories we’ve read throughout the week. Most involve something about business or business loans. Sometimes we add something else. Enjoy the stories below and please share something you’ve read this week. And be safe the rest of the holidays.
Enjoy the 29th edition of Eyeball Worthy Links of the Week:
1. D.C. eyes move to local banks, small business lending — Washington Business Journal — “D.C. Council members are proposing to shift some city assets from the nation’s largest financial institutions to local banks that agree to lend that money, at double the amount, to District-based small businesses.” This article hits Bank of America specifically, telling them to basically make small business loans or lose deposits.
2. Why Berlin is poised to be Europe’s new tech hub — GIGAOM — “After the visual opulence of Paris, Berlin feels almost dowdy. Drab and dark, the city hardly comes across as one of the great capitals of the world …”
3. 13 Ways To Think About And Crush Your Competition — OnStartups.com – “A few weeks ago, there was an article that came out called “Google Currents, Onswipe’s Nightmare?”. I’m also preparing for our first board meeting with newly elected independents and one of the points we are talking about happens to be competition. As you start to grow competition becomes a healthy thing to think about. Here’s how I think about competition as a cofounder and CEO of a growing venture backed startup …”
4. Banks boost lending as economy slowly warms up — USAToday — “After three years of Scrooge-like underwriting following 2008′s financial crisis, banks have turned on the spigot, boosting lending at annual rates as high as 8.2% since July, according to Federal Reserve statistics.”
5. Should Startups Focus on Profitability or Not? — Both Sides of the Table — “There are certain topics that even some of the best journalists can’t fully grok. One of them is profitability. I find it amusing when a journalist writes an article about a prominent startup (either privately held or preparing for an IPO) and decries that, ‘They’re not even profitable!’ I mention journalists here because they perpetuate the myth that focusing on profits is ALWAYS the right answer and then I hear many entrepreneurs (and certainly many ‘normals’) repeating the same mantra …”
6. Eight Ways To Go Viral — TechCrunch — “What do Facebook, LinkedIn, Youtube, Dropbox and Skype have in common? Except for being ridiculously successful, they all enjoyed a strong viral effect that helped accelerate their growth …”
7. How Iceland survived the fire — Martin Wolf’s Exchange — Iceland was the first country devastated by the financial crisis. It’s biggest banks collapsed. But, Iceland has risen from those ashes and performed extremely well over the last 3 years. This article explains how.
Now it’s your turn. What did you see this week that is worthy of everyone’s eyeballs?