Weekend Entrepreneur Links: American Dreams and Foreign Cultures

With the World Cup over, all that's really left to do is resume the drudgery of waking up every day to try to make the world a better place. Bo-ring. If we have to do it though, may as well be as informed as possible. Start with these important reads from the last week.

How Experience in Foreign Cultures Facilitates Creativity: Most of the folks I know who have spent significant time of broad probably would have argued this point before they had any data to back it up, but it's very cool to see some significant research suggesting that being exposed to foreign cultures has significant, measurable positive impacts on people's ability to think creatively and solve problems. Importantly, however, the study also shows that the attitude you have going in -- the desire to actually engage with that foreign culture -- is key to actually getting these benefits.

Revitalizing the American Dream: Inc magazine put together this awesome list of tips for revitalizing the American Dream, and it's all about making it easier for people to start, join, and succeed in startups. This means teaching entrepreneurship across disciplines (not just in B-School), changing our general approach and disposition towards immigration (and immigrant entrepreneurs), and even some legal ideas like to stop enforcing "noncompete" agreements that force former employees of companies not to work for (or start) competing companies after leaving. Total must read.

Microfinance Group Unitus Shuts Down, Eyes ‘Reinvention': This is one of those confounding stories that could be incredibly significant or totally irrelevant, depending on what's behind it. Basically, one of microfinance's leading institutions has shut its doors and laid off its staff, saying that it's exploring a reinvention, without saying much of anything about what that is. If this is due to a lack of confidence in microfinance, it's significant. If it's a real-life example of a nonprofit actually "putting itself out of business" because it feels it has accomplished what it set out to do, it's significant. If, more likely, the root of this is just difference in opinion about future direction within the leadership, it's just internal politics and doesn't much matter. A story worth watching, though, for sure.

Start-Up Chile: Putting some of the ideas from the Inc story above into practice, this new program from the government of Chile is offering $40,000 in startup grants for companies that are willing to relocate to Chile for a time. The goal is to welcome the global entrepreneurship community to the country and hope that some people decide to invest in Chile as a primary or secondary home for their companies. Few strings attached money is definitely a good way to grab an entrepreneurs' attention.

Photo credit: Gonzalo Baeza Hernández