Archive for January, 2011

23
Jan
11

What life lessons go against common sense?

Great question on Quora, which is quickly becoming my favorite procrastination ally.

What life lessons are unintuitive or go against common sense / wisdom?

My favorite answers from the lot:

1. Better to ask for forgiveness than permission.
2. Money can buy happiness
3. Behavior is controlled more by your environment than your own willpower.
4. Laziness can be a very positive characteristic for a leader.

What life lessons are unintuitive or go against common sense / wisdom?

What life lessons are unintuitive or go against common sense / wisdom?

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06
Jan
11

Pivoting

Pivoting means changing your business model when the older one isn’t working out. There are lots of successful examples of such.
Companies sometimes have to make a tough call to change their entire business instead of continuing with something that doesn’t work till they fade away.

This is a must read article and video on changing business models by an investor of Chegg/Twitter.

…Mike Maples gave a talk about what he calls “pivots” and “thunder lizards.” Thunder lizards are startups born from atomic eggs that “emerge with attitude” want to disrupt and chew up their competition– both new world and old. They are big, chaotic, relentless and when successful, become huge companies. What helps make a thunder lizard successful is something Maples calls the “pivot.”

This isn’t about product iteration– the pivot has to do with business model. Business model shouldn’t be confused with “business plan,” Maples says. A business plan is a static thing, a business model charts money flowing out to create a product and money flowing back in from that product. A startup’s entire reason to exist is to have  more arrows going back in than arrows going out, and it’s always changing…

Of course this doesn’t mean change willy nily at the slightest hint of failure but there needs to be a balance, which makes this decision is even difficult. And you should throw out the old model completely instead of trying to do more than one thing at the same time.

There’s a parallel in the real world of course: It is not the strongest of the species that survives, nor the most intelligent that survives. It is the one that is the most adaptable to change. ~Charles Darwin

03
Jan
11

Big year ahead

Dear nameless readers,

I’m excited to announce that tomorrow is my first day working full time on GharPay.  Two good friends (way) smarter than me are also founding this venture along with me, working with whom is really the big perk of doing this startup. I’m really looking forward to earning my lunches and dinners (and hopefully a breakfast occasionally, fingers crossed) the hard way.

What is GharPay? Its a way to pay offline for stuff that you order on the internet or on the phone. A simpler but an exaggerated way of describing would be ‘PayPal for offline payments’.

I’ll try to blog often, perhaps half-baked philosophies or about the surprises of the real world. One day when I’m famous or dead due to poverty, you can tell people you were among the handful people who read my blog before others did.

May we all find what we are looking for.

Peace,
A




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"I rarely end up where I was intending to go, but often I end up somewhere that I needed to be." - Douglas Adams

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