Franchise ownership has offered a middle ground for U.S. military veterans who want to work for themselves with the support of a larger organization, writes Shobhana Chandra. [Bloomberg News]
Andreessen Horowitz partner Scott Weiss tells Dan Primack that the venture capital firm invested $60 million in ride-sharing service Lyft because “these guys have cracked the community code in a way that no one else is even trying to do.” [Fortune]
Steve Blank, author of The Lean Startup, says a mentor relationship is a two-way street, and that mentors, teachers, and coaches are three different things. [Wall Street Journal]
Traffic and navigation app Waze may be the tech world’s next $1 billion acquisition (video). [Bloomberg Television]
See something we missed? Share the most compelling stories about small business and entrepreneurship by tagging them with #SmallBizReads on Twitter.