Imagine never having to ask for separate checks at a restaurant, or splitting the bill, four ways, with credit.

An innovative pair thought of it first.

Iqram Magdon-Ismail and his partner, Andrew Kortina, found a way to quickly and easily transfer money, amongst friends, co-workers and whomever, without handling cash or IOU’s (I owe yous).

Venmo, (a combination of the words “vendor” and “mobile”) is a website dedicated to helping people transfer money in a method that is quick, easy and paperless.

“We built it because we had a problem,” said Ismail.

“We had no way of exchanging money with each other, except for cash and checks.”

Read the rest of this entry »

By now, most have heard about the entrepreneurial success of Omar Hamoui through the recent Google acquisition of AdMob.

Knowledge@Wharton provided an early insightful interview of Omar and his startup path to success.

Nearly cornered by incredible obstacles and challenges of the mobile environment, Omar carefully and continuously experimented then recognized and pursued opportunity.

Omar reminds us that as an entrepreneur all learnings, especially failures, are a critical part of the preparation for when you do find yourself on that path to success.