For those who are avid gym goers and find it hard to track your routines, you will appreciate the idea that just recently won Ideablob.com’s $10,000 monthly challenge. As a passionate weight lifter, I have often pondered some sort of portable touch screen device that syncs with a fitness-based social networking site. Penn State student and inventor, Matt Allison, will be committing the prize money to building the product that he is aiming to have function like a virtual personal trainer that logs...

With lots of you graduating, your parents are presumably looking for gifts to commemorate this joyous occasion. For the environmentally responsible parents WorldChanging is offering a very unique gift. The organization will wipe your carbon slate clean. Depending on the level of donation, they’ll remove all the guilt of the carbon emissions you caused in your childhood, college or working life.

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Every entrepreneur is always thinking about the issue of funding. Running out of money is one of the common reasons why startups with great potential close down. The right amount of money at the right time is crucial. Young entrepreneurs find it even harder to arrange for funds because not only do we not have any considerable savings, our fledgling networks would rarely consist of accredited angel investors.

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Mark Cuban, inspired by Jason Calcanis’ post about saving money in a startup, recently posted 12 general rules for startups. The rules, formulated based on his past experiences, are simple but nonetheless insightful. The key lessons to take away are 1) invest in quality human capital 2) make sure they stay happy and motivated 3) reduce cost of operations outside of core competencies and 4) love what you do and make sure your goal (at least at the onset) is to grow organically long-term:
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Zuckerberg just reeled in another $100 million in funding to purchase another 50,000 servers to scale their service. Facebook has been able to grow its active users to over 70 million in the past 4 years with around 109 million monthly visitors. Last month the site attracted 35 million users, a 71% increase from nearly 21 million users a year ago. Recently, the site has been slow because of its fast expansion, so the capital will be used entirely for servers and will bring their total funding to...