Abstracting the blogosphere

Abpost .n. Abstract of a post

Archive for the ‘Startup’ Category

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

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 »

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 »

Ten Questions with Polly LaBarre By Guy Kawasaki

Posted by suntzu on October 12, 2006

Guy Kawasaki’s blog is running a blog post where he interviews Polly LaBarre on her new book “Mavericks at Work: Why the Most Original Minds in Business Win

Guy, with is great ability of asking questions was able to dig out some of the key aspects of the book. The books is about identifying killer traits of people running amazing companies (Polly calls them Mavericks). There is a section where Guy asks “What’s your assessment of Steve Jobs?”. The answer to the question gets dragged more towards Pixar story

One of the big lessons of the book is that generosity begets prosperity. Mavericks are fierce competitors, but they’re also remarkably generous. They don’t believe that for them to win, others have to lose.

In short, the leader who figures out a way for everybody to win is the leader who wins. The leader with a zero-sum mentality gets zero.

A great blog post. Must read if you want to know all about forward looking companies and those running them (Mavericks)

Posted in Books, Business, Companies, Startup | Leave a Comment »

Ruby For Rails by David A Black – Book Review

Posted by suntzu on October 10, 2006

In his blog, Rob Sanheim wrote a review of “Ruby For Rails“. He rates this book above the esteemed PickAxe (ie Programming Ruby: Second Edition) book.

Some of the highlights of the books:

  • Modules and classes, control flow, exceptions, variables and methods
  • Role of self and how scope works in Ruby
  • Core libraries, regular expressions, and metaprogramming
  • Dynamic Ruby in chapter 13: “Ruby Dyna is a killer. This chapter has
    • covered Singleton classes and misconceptions around it
    • eval’s family of functions are fully covered
  • Procs and lambdas are explained well along with their relationship with blocks
  • Callbacks such as method_missing, included, and inherited are covered
  • Chapter 14 and 17 are the most Rail heavy section covering its domain model and technique for exploring Rails sources.

Some of lowlights of the books:

  • Auther is a bit verbose in some sections of the book
  • Reader is expected to have some background in Ruby programming
  • Expecting more meat in chapter 17: “Techniques for exploring the Rails souce code”

All in all, read the post if you want to get into the Rails development

Posted in Books, Programming, Startup | Leave a Comment »

The irony of large numbers @ Forbes.com

Posted by suntzu on October 9, 2006

Author points out a tendency with Big Technology companies and Venture capitalists when it comes to incubating a great idea. Authors says that unless an idea holds potential to generate 30 or 40% returns, it never gets real preference by Big Company or by VCs. Such acts lead to non-creation of a technology that could do good to many people.
Author picks up the case with two independent enterpreneuers who believed otherwise. It shows how these two guys successfully nurtured an idea or concept, what was orginally dropped by Giants due to lack to not so lucrative market or not enough returns, and ended up impacting many people and reaping the huge humanitarian payoff. Author insists such people are the true mavericks of technology because they worked for goodness not gold.

A good post. Do read for examples given.

Posted in Business, Companies, Startup | Leave a Comment »

Behind every great product. The Role Of The Product Manager

Posted by suntzu on October 7, 2006

Martin Cagan‘s article on “The Role Of The Product Manager” hits right on the spot when he explains roles, resposibility and traits of a product manager.

At the end of his discussion, he gives hits on where to find these set of species (no not in the MBA schools as they rarely focus on product management). Look out for product manager having critical personal traits (elaborated further in the article):

  • product passion
  • customer empathy
  • intelligence
  • strong work ethics
  • integrity
  • confidence
  • good communication skills

Behind every successful product, there is a person with great empathy for the customer, insight into strenghts of his teams’ capabilities and a zest to deliver superior value to the marketplace with strong effort.

A must read for people invoved in product development. A good article for recharging your battries

Posted in Business, Companies, product management, Startup | Leave a Comment »

Homegain success analysis @ startup-review.com

Posted by suntzu on October 6, 2006

Author takes the case of Homegain – a leader in online marketing for real estate professionals and quotes the following reasons behind its success:

  • They relied on fresh customers. Though there werent many repeat customers, it still survived because there were fresh real-estate agents croping up [due to real estate boom] who wanted to leverage any available tool to outperform existing traditional real estate agents or atleast arrive in the bracket of top 20% successful real estate agents.
  • They did not try to alter or define new way of doing real estate business. They kept its focus on simple lead generation for first few years.
  • They made strong partnerships in short span which helped secure enough data to serve consumer. They made associations with local agencies to incorporate additional data.
  • They observed the shifts in customer focus in time and added new services accordingly.

Author makes a good analysis. A nice to read post.

Posted in Startup | Leave a Comment »