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LEE Lee PorterPORTER is one of three founders of InnovatioNews, a news organization that targets entrepreneurship and innovation in Colorado USA.

It’s an all-electronic publication, not printed on paper.  The focus is on high quality news and other digital content which is on the IN website, distributed via email, pushed through social media and placed strategically on other websites. InnovatioNews is jumping on the age of new media with full enthusiasm – which is a pretty great fit, given their subject.

This company is jumping on the age of new media with full enthusiasm – which is a pretty great fit, given their subject.

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CONFESSION: I HAVE started business which failed.  OK, I’ve admitted it.

Dangerous watersBut you know what?  It’s not the end of the world.  It’s a natural part of the cycle of learning.

Yes, I realize that doesn’t alleviate the pain very much, especially as you’re going through the process.  But you also can’t let the prospects of failure keep you from ever taking a risk.

How do we think through this?

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BACK IN MAY I mentioned that Google would bear watching, because it seemed like they might be losing some of what made them special as a company.  So it was interesting that I ran across a Quartz article which discussed the death of Google’s “20% time” policy.

You may not be aware of this, but it was a HUGE DEAL in the high tech industry.  It was astounding that a company would give every employee 20% of their work time to pursue unrelated opportunities.

When I started at HP back in 1978, there were some philosophies which were similar to this, including the concept of the “G-job” as a sanctioned means of working on unassigned projects.

But 20% of your time, a full day every week?  That’s outrageous!

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