Here’s a taste of today’s FirstFT email. You can sign up to receive it here.
The biggest failure in Kickstarter history The crowdfunding site hired freelance reporter Mark Harris to find out why the Zano — a palm-sized drone that raised more than $3m — flamed out. He takes a look at how overnight success can overwhelm a start-up, and why only four of its 7,000 backers ended up receiving a working prototype. (Medium)
Insead tops FT’s MBA rankings This is the first time that a programme with a substantial Asian presence has been ranked number one by the FT, and marks a growing interest from elite students in Asian business and business schools. Insead is still the only top-ranked business school to teach its full-time MBA on multiple campuses, with 75 per cent of the 1,000 students studying in both Singapore and Fontainebleau, just outside Paris. (FT)
Cut the hours, keep the booze Decided to dry out the first month of the year? Lucy Kellaway argues the better resolution may be to abstain from excessive work. “For the past two decades overpaid professionals have been stuck in an eternal winter of working round the clock — and seeing it not only as normal but as impressive.” For those still looking to cut back on drinking, this ancient Chinese secret may be just what you need. (FT, BBC)
China’s beautiful game (and even more beautiful money) Chinese teams are luring more and more top-notch players and coaches away from Brazil and Europe by outspending even the big, household-name clubs in those soccer strongholds. (NAR)