Prior to crowd-funding, budding inventors and entrepreneurs had to seek out people with enough largesse to provide necessary financing to make their ideas come to life. The advent of GoFundMe and other websites helped alleviate much of the heavy lifting.
EpiPen is drug manufacturer Mylan’s best known product for not only its prominence in the pharmaceutical market, but the controversy surrounding the dramatic price increases over the years. In 2009, the wholesale price of two EpiPens was about $100. By May of 2016, the price rose approximately 500 percent to $609.
The commercials for Uber implore people to get their “side hustle on” as if it is a new idea, but people have been working side jobs for decades. But more people today aspire to turn their side hustles into startup companies. Even more common, these startups are created while an entrepreneur is working full-time.
If you recently received a severance offer, your first instinct might be to take it and walk away without asking questions. On a certain level, this is a safe course of action — after all, you get to pursue some other position with some money in your pocket to ease the transition.
After Steve Jobs was forced out of the company he founded in 1985, he left Apple to form NeXT. He also spent time funding the spinout that would become Pixar, not to mention a movie called Toy Story.