The Tweet Watch Made it to the Final Round of entrepreneurship contest
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Nothing is more enjoyable than reward after hard work. Our portfolio project, The Tweet Watch, has been selected for the final round of the HEC-POLY-UdeM Entrepreneurship Contest. The great thing with this contest is that each team gets assigned to a startup coach. Coaches are very involved and well connected in the Montreal startup community. This gives them valuable knowledge about how things need to get done when starting a company. Of course, they have a lot of experience as they have seen many startup ideas and watched them grow (and fail) over the years. Their comments and advices are priceless. It’s just such an opportunity to work with them.
S&P Performance Againt NASDAQ: Technology is Good!
One of the most traumatizing experiences for many people was the 2000 Internet bubble burst. Savings were lost and might never be recovered. Since then, everything technology is looked at with suspicious eyes. When entrepreneurs boast for high rates of return, it is almost perceived as attempted robbery. I wondered how rational these reactions towards technology are. Let’s take a look at market growth since 1995 for the tree main stock market indexes: S&P, Dow Jones and NASDAQ.
Funny thing: S&P performance isn’t doing as good as NASDAQ. For the last 15 year, S&P value doubled while NASDAQ is worth 2.3 times more! So a dollar invested in technology would have returned more, even if taking into account the big crash of 2000. Even more impressive, if we look at charts after 2005:
We can see that NASDAQ is the only index that represents any gains. S&P performance is actually negative meaning that traditional big companies represent a loss for investors.
I guess it’s about time we recognize the importance of technology in our economy. Public policies and industrial trends should be aligned with the broader goal of developing technological capabilities. Public policies such as the promotion of science and technology, investment in research projects, tax returns for entrepreneurs would be very helpful for developing technological strength of our economy. Industry managers should also switch focus to more collaborative and open environments is also a must for building competitive networks and clusters.
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