Abstracting the blogosphere

Abpost .n. Abstract of a post

Hiring rules

Posted by suntzu on September 15, 2007

Hiring in today’s knowledge driven economy is the toughest task for an organizations and specially startup companies. Avinash in his blog posting on hiring hits the bullet. Key take aways are

  • Give real world problems rather than typical analytical question
  • See the approach taken for solving the problem
  • Try to see if the candidate get influenced by confusion caused by you and see for how long he can defend his original answer
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Posted in Hiring, Startup | Leave a Comment »

Challenges of becoming first time entrepreneuer when being in India and an approach to overcome it

Posted by suntzu on December 13, 2006

This isnt abstract but full post. This time, let somebody else create abstract of it.

You are settled in India? Hmmm…not good if you are thinking to become entrepreneur. Disappointed? Don’t be, because scenario is fast changing and its just matter of time. Bytheway, did you happen to read not so recent issue of Economist couple of couple months back? No? It wasnt extraordinary except a single piece of article that said India has around 15 million successful entrepreneurs and its just that not all of them belong to IT field. So, even a guy who sets up a simple kiryana store and devises his own business model so well that he or she ends up running it sustainably most of the time. What does this mean? No, not what you thought. It means, chances are entrepreneurship is in your blood. You would know how to sustain when things go bad bcoz sustaining is more like do or die for you….and obviously nobody wants to die as there isnt’ any incentive in that 🙂

So, that brings us to point as to what matters when you want to be your own king? Wanna know for sure? Take a break and get back because that’s going to be shattering for you when you know it. Ok. You are back? Great.

Its called ‘Start now’ or ‘First step’. We Indians have so many things to worry because of social life that we live and kind of responsibilities and liabilities that we like to carry, we often see the wall bigger and thicker than it really is. In reality, size ratios of obstacles doesn’t matter – what matters is the First step. Taking first step not only sets physical or material things forward towards your goal but also sends out your thoughts process out in the universe and guess what, universe is designed to work for you provided you ask it so. God damn it, its so simple and yet difficult [frustrating notwithstanding] to make anybody understand that. So, the point is: With First step comes the attitude – a positive attitude and positive thought and with that comes manifestation of reality and passion inside and with that comes commitment and with that comes….hold on…I am digressing here. Ok. Stop. Wait. You take a breath and me too 🙂

Ok. Back. Hmmm…not bad.

Now comes the scenario part. Check sites like Startups.in or Startuphub or Venturewoods and many more. They weren’t there couple of years ago. Google for ‘VC looking for india’. What do you see? Enough huh hah? But how does it matter to people like you and me who aren’t connected or networked?. Honestly, it doesnt’. So what the heck?. Yeah, you are right. To prove that you got a case, you still have to ‘work’ and that too ‘harder’ as you would if scenario wasn’t better. But, tell me, how many eyes are now scouting for the work that you have done? isnt’ it tripled in size? isnt’ it advantage? Simple probability logic, dear friend. Not exciting? Hmmm….that isnt’ enough for you to take that ‘first step’ I poured over. May be VCs or warren buffet should line up in front of your door and ask for your favour. How touchy that would be, I ask.

You are here? Great. Go get it champ. It belongs to you. You are responsible for world’s 50% wealth accumulated with those 1%.

More later….

PS: Atleast contribute via post.

Posted in Business, Companies, country, Startup | 1 Comment »

VCs becoming enterpreneuers – MercuryNews.com

Posted by suntzu on December 12, 2006

Author has captured moments of realization of people who were real life VC earlier and have now become entrepreneurs.

Venture Capitalists are actively looking to become entrepreneurs because this brings them closer to reality. This way they really start appreciating what the guy on the other side of the table is trying to say. This also helps them avoid clueless goof-ups that they would have made without being aware of it. It also helps become more sensitive towards people seeking VC money. Some of the VCs have realized that running the show from scratch up is more satisfying than just doing the VC thing.

Author has interesting quotes from different VCs. Just check the quotes from the full post.

Posted in Startup | Leave a Comment »

Toyota manufacturing success

Posted by suntzu on November 20, 2006

Highlights of the original post:

Much of Toyota’s success, as well as that of numerous other Japanese manufacturers, is based on what Fujimoto Takahiro, a professor of economics at the University of Tokyo, calls suriawase, which literally means “grinding” but is better translated here as “integration.” Fujimoto asserts that there are two main approaches to manufacturing in this day and age: assembly and suriawase.

Suriawase involves integrating a vast number of individual parts and components to make a fine-tuned whole product. Rather than simply putting the different parts together, it entails ensuring that each of the parts complements the others and contributes to maximizing the performance of the product in question. This is achieved by maintaining close contact among all the different divisions involved in the production process, such as research and development, design, production technology, purchasing, and sales.

The key to Japan’s success in global markets lies not in simply assembling products but in nurturing companies with the cutting-edge technology that will enable them to take advantage of the suriawase approach.

Posted in Companies | Leave a Comment »

India Revisited by Forbes.com

Posted by suntzu on November 8, 2006

Author has attempted to find out if issues like outsourcing to India has made bad or good impacts on US.

Author describes the differences she found between her visit to India in 1980s and in 2005.

Although India is riding on cost advantages it is soon going to face similar problems like high wages, lack of skilled force etc. which corporate America is facing now. India’s huge middle class is transforming into upper middle class and their needs are increasing which can be tapped by American companies to tailor made products for Indian cities thereby finding new markets and new avenues of business growth. India too has startups e.g Cosmic Circuits and they are more like virtual cousions to Silicon Valley startups.

Author makes a subtle point by telling how rising India isn’t threat to America. A ok-type post though.

Posted in country | Leave a Comment »

Why blog post frequency does not matter anymore by Eric Kintz

Posted by suntzu on October 27, 2006

Author has laid his view as to how just having good frequency of blog posting isn’t going to work out well for you.
Following reasons appeared as main reasons behind the above claim:

  • Traffic is generated by participating in the community; not daily posting – Traffic is generated by successful bloggers linking to you either in their posts or in their blogroll.
  • Traffic is irrelevant to your blog’s success– What matters most is whether you are reaching your target audience. Engaging with the audience you want to have a relationship with is a much smarter strategy than posting frequently
  • Loyal readers coming back daily to check your posts – No. Loyal readers subscribe to your blog via RSS feeds and have new content pushed to them. They will remain loyal because they have subscribed, not because you post frequently.
  • Frequent posting is actually starting to have a negative impact on loyalty: With too many posts, you run the risk of losing loyal readers, overwhelmed by the clutter you generate. It leads to poor quality content and also threatens the credibility of blogosphere.

A good post. Check it here.

Posted in Blogging, Blogosphere | Leave a Comment »

How to Run a Useless Conference by Seth Godin

Posted by suntzu on October 26, 2006

Author makes an attempt to describe uselessness of conferences that take place all the time. Author isnt favor of running conferences in a typical manner. Such conferences are less impacting per individual and more of waste of time for organisers and those who attend as well. Unless something creative is attempted in organising conferences where environment becomes conducive for indidual contribution, hardly anything comes out of it. Author invites suggestions to run conferences in atypical manner though suggests none of his own approach.

No great a post. Skip it.

Posted in Startup | Leave a Comment »

“Skill vs. Luck in Entrepreneurship and Venture Capital: Evidence From Serial Entrepreneurs” – A paper at SSRN

Posted by suntzu on October 18, 2006

Authors have done extensive study and produced following stats.

  • Entrepreneurs who succeeded in a prior venture have a 30% chance of succeeding in their next venture. First-time entrepreneurs only have an 18% chance of succeeding and those have previously failed have a 20% chance of succeeding.
  • Entrepreneurs are much more likely to receive first-round funding at an early stage (60% of the time) if this is their second or subsequent venture than first time entrepreneurs (45% of the time).
  • Failed serial entrepreneurs are more likely than successful serial entrepreneurs to get funding from the same venture capital firm that financed their first ventures.
  • First-Timers or failed(s) benefit more from VC expertise and having experienced VCs certainly helps.
  • Serial Entrepreneurs end up extracting better terms from VCs.

A good paper. Read it your way back home.

Posted in Startup | Leave a Comment »

Advocating the use of code coverage By Eric Sink

Posted by suntzu on October 14, 2006

Eric is among those software gurus who believe that writing software can be more of science provided a strict discipline is taken towards creation of software. Code coverage is one such discipline which should be followed if you are in the business of software creation. This is without saying that you need solid unit testing infrastructure to fuel code coverage.

Code coverage is nevertheless a very daunting task and as you start to approach the 100% mark, things become more difficult as it takes huge effort to come up with enough unit tests to get all the way to 100%.

In his post he talks about what should be your code coverage goals be and how to achieve it. Another point worth talking from the post when he says “In my case, code coverage forced me to look at my code and realize that some of my coding practices weren’t very smart.”

Code coverage and Unit testing are tools and hence works as enhancer (not a replacement) for over all code quality. They provide us a way of increasing the quality of our code, but 100% code coverage certainly does not mean 100% code quality

A nice post if you are a software soldier

Posted in Productivity, Programming, Software testing | Leave a Comment »

The Enlightenment of Richard Branson @ FastCompany.com

Posted by suntzu on October 13, 2006

Author provides a quick analysis of Richard Branson’s success.

The approach followed by Sir Richard has been the same for all of his ventures. He looks on industries that treat customers terryfyingly badly and enters into that market with promise of providing entertaining experience for customers and offering them better deal along with. Many of the ideas that were implemented into his businesses have originated from Branson’s own wants and needs. One of the example given is of seatback videos [where you choose want you want to watch] that Bransons’ wanted to have but couldn’t make bankers to pay for it. But it was a wanting need that Bransons felt as if he himself was a customer, so he went ahead and ordered new Boeings with seatback videos.

The idea is to give customer’s a treatment that experience memorable with your service.

Author makes a point that is summarized above. Safely skip the original post.

Posted in Business, Companies | 1 Comment »