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The Yelp Effect

by Vanessa Cabiling In a society highly dependent upon the Internet for gathering information, online consumer reviews have become the new word of mouth. Ratings on Amazon, TripAdvisor, Angie’s List, Rotten Tomatoes, and Yelp have helped consumers narrow down a barrage of choices. For local San Diego businesses, learning how to manage these online review sites has become as important as managing the business itself. A Harvard Business School study, conducted by Assistant Professor Michael Luca, found that for every star change in rating on Yelp, revenues of independent businesses are affected by 5 to 9 percent.1 Chef Peter Briones…

San Diego’s Unrelenting Philanthropist

by Drew Beal “How many peoples’ lives have been affected positively – that’s where I get my jollies,” said Ernest Rady, founding donor of the Rady School of Management, from across a mammoth desk in the executive office at his firm, American Assets Trust (AAT), on a recent Tuesday. Mr. Rady had just returned that morning from a week in Europe. The Rady School of Management’s founding donor hadn’t been on vacation. In fact, barring the occasional golf trip, Mr. Rady isn’t really the vacationing type. AAT, which in 2011 underwent a $564 million IPO, today controls more than 5.8…

Startup Profile: GoFundMe

Funding for Your Dreams by Frank Wang, MBA ’13 There’s no doubt that the Internet has changed the way in which entrepreneurs pursue opportunities. By going online, anyone can start a business from their computer — whether it’s selling products or providing a service. However, in order to do so, you still need capital to get started. Gofundme.com, a San Diego, California-based technology startup, looks to provide just such a channel to entrepreneurs. The premise of GoFundMe is pretty simple: people have dreams or goals, but they need money to attain them. After creating an account on the GoFundMe.com website,…

HITECH Chum

A meaningful disruption of the U.S. health care system by brad M. Pruitt, M.D. Palomar Pomerado Health Chief Medical Information Officer, Benjamin Kanter, M.D., stands among thousands of paper patient records with the new MIAA application on his Android mobile device. MIAA will provide physicians with real-time patient information, anytime, anywhere The mobile health (mHealth) revolution is now fueled by the federal government’s unprecedented Health Information Technology for Economic and Clinical Health (HITECH) Act to help health care providers transition from paper-based to electronic health records, which will ultimately report to a national health care database. With billions of federal…