While only finding out about it roughly a year-and-a-half ago, I’ve grown to be a big proponent of micro-financing. Essentially, micro-financing — also called micro-lending — is when an entrepreneur or micro business owners is looking to raise some capital ($250 to $2000) to start or expand their business. Typically, this business is in a 3rd world country, and other means of gaining funding involve too much risk (homes or other property as collateral) or extremely high interest rates (over 100%). Here’s where microlending comes to the rescue and ironically could lead to potential long term government economic issues. Read More
Google’s Tim Armstrong Named New AOL CEO
Time Warner’s Jeff Bewkes has kicked out the dynamic duo of Randy Falco (CEO) and Ron Grant (COO) for Google’s Tim Armstrong (former SVP Advertising and Commerce, North America). The announcement came a little bit after 5pm (EST) on Thursday March 12, 2009. While the details are still vague, there has been some mention of a “transition period” before Randy & Ron make bid adieu. Lets wait and see what happens as official announcements come out tomorrow. More to come!
Update – March 12, 2009 8:01 PM
Jeff Bewkes released an official announcement about the CEO switch-a-roo.
Could brining a Google insider to serve as the CEO help in any potential future (current?) negotiations to spin-off or merge AOL with Google?