Should Twitter have a built-in correction button?

Media advocates say Twitter should add a feature that allows users to correct an erroneous tweet by striking through a mistake after the fact, to prevent errors from being retweeted — but is such a thing really necessary, even if Twitter could implement it?

Tips from the Trenches: Learning from Mistakes

“It is hard to fail, but it is worse never to have tried to succeed.” — Theodore Roosevelt

Most business experts believe that if you don’t fail, it means you’re not pushing yourself hard enough or taking enough risks. Thomas Edison said this about failure: “I haven’t failed, I’ve found 10,000 ways that don’t work.” He saw mistakes as a step toward to a solution.

In this “Tips from the Trenches” post, some experts share some of the mistakes that they’ve made, and what they’ve learned from them.

@marketingprofs — Ann Handley

Early on in my career: Getting to be best buddies with people I was supervising. Until I had to let one of them go. THAT was a lesson. I work to keep better boundaries with folks who report to me by acting more like a resource for them, and not just a pal.

This is also a reason why it can be tricky promoting someone within a team to become the manager. It’s difficult to transition from colleague to boss. Read More about Tips from the Trenches: Learning from Mistakes

We Have Completed $4.5 Million in New Funding

From time to time, I have shared with you the steps we’re taking to build Giga Omni Media, the 27-month-old company behind this and the other publications that make up the GigaOM network. Today, I am thrilled to announce the start of our company’s next phase.

We have just raised $4.5 million, led by new investor Alloy Ventures, an early-stage venture capital firm with over $1 billion under management. True Ventures, our primary investors thus far, also participated in the round. The round was blessed by our angel investors, Rakesh Mathur, Venky Harinarayan and Anand Rajaraman as well. As part of the funding, Alloy Ventures general partner Ammar Hanafi will join the Giga Omni Media board.

We are going to use this new investment prudently, to enhance our technology platform and content offerings, add to our current portfolio of publications and expand our Events and Briefings businesses. We are in investing for the long-term — in ourselves.

Read More about We Have Completed $4.5 Million in New Funding

The Dangers of a Startup Democracy

Back in January 2007 while taking a shower I thought up the idea of my startup. 😉
I’m a business major, but I can’t write a single line of code. I knew I’d also need someone I to help with marketing and administrative parts and since my budget was nearly nonexistent, these would have to be people I could trust, and who’d be willing to take sweat equity. I started talking to a few of my friends. It was my 1st mistake.

Two of them were already working at other jobs, but I was not willing to spend our tight budget on salaries from day one. I figured I could get their attention by offering to split the company between us. Three of them accepted Read More about The Dangers of a Startup Democracy

Harvard’s Kit for Sharpening Your Startup Skills

We often link to Harvard Business School’s Working Knowledge, and today WK offers a handy kit of of essays that address a number of nagging founder-issues including: ownership and change of control; resource management and getting to profitability; common legal sand traps.

The package is called Sharpening Your Skills: Starting a Business. Sub-links to the essays follow, with additional F|R pieces that address the same topics. Read More about Harvard’s Kit for Sharpening Your Startup Skills