1. Viewing All "business" Posts

  2. The departed [referencing defunct Great Bands] also focused almost exclusively on competitors that looked like them and approached the market the same way, the guys that they see in customer lobbies and at trade shows. Guys in blue suits could not imagine that businesses would trust their computing to kids in shorts and flip flops.

    The Unexpected Demise of Great Brands by Digiday.com

    (Source: wilkinsky.us)

  3. I’ve thought for some time that the “new record label” should be similar in function to venture capital, or, more simply, a loan. The band or artist borrows a minimal amount ($5-$10k) to record an album and then revenue is split between band and label until loan is paid back*.

    On Creating The New Record Label

  4. the legal industry is stagnating, and suffers from a severe overabundance of young graduates, many of whom applied to law schools under the false pretenses that their degree would be an express ticket to a six figure salary. Instead, many graduates are now contending with six figures of crushing debt and murky career prospects.

    Pop! Goes the Law School Bubble

  5. No conflict, No interest.

    John Doerr

  6. Vulnerability is one of the most underappreciated assets in business today

  7. Each successive discovery is approached with a fratboy’s incredulity – everything is, “mad”, “weird” or “crazy”.

    The eternal backpacker: Diplo, Master-D and musical theft in the internet age

  8. The problem is actually the same thing that made it so exciting in the first place: the unfetteredness. Is that a word? No? Maybe I can post a fucking video on Kickstarter and raise ten grand and turn it into a real word.

    We’re Done With Kickstarter

  9. In the next 3 years 325 BILLION growth dollars will go to those who redefine the media business

  10. General Recipe For Digital Success:

      1. It must be free, with minimal transaction effort.
      2. There should be exaggerated claims of ultimate learning outcomes without evidence. Place the promise on the future, not now.
      3. It needs to make people feel like they’ve learned something in a few minutes by giving them a thumbs up, or badge for accomplishing something trivial.
      4. The copy on the site needs to tell the visitors to your site exactly what to say about it, regardless of veracity, because most reporters won’t take the time to actually go through the lessons themselves (or if they do, they won’t know enough about the subject matter itself to make an educated statement about it).

    You do these things, and voila! You’ve got a popular technology that the twitterverse will love and the Silicon Valley will throw money at with reckless abandon!

    (Source: wilkinsky.us)

  11. 5 big startup lessons learnt from Jason Fried

    5 Startup lessons learnt from Jason Fried, the kind of mentor who resonates with me. 

    1. Everything you do is marketing, your product, your website, your signup form, your buttons, your customer service, your error message, and so on. If you think of marketing as this thing where a bunch of people will do miraculous things for your product then you’re going in the wrong direction.
    2. Make something YOU need and when you do, SELL it. Free is fine but if people truly need what you’re selling, they will pay for it! It also adds a sense a responsibility on your part to deliver a great product when you’re being paid for it.
    3. Working remotely & meeting occasionally increases productivity, contrary to what’s happening in today’s traditional companies. When you meet on occasion, there’s a good chance that you’d want to express all your pent up ideas & theories. Working closely everyday only increases interruption and NOT collaboration.
    4. Learn to make money and aim to bootstrap your startup. Funding only cajoles you to spend more money whereas you’re really in this thing to make money! Focus on the right things and those do NOT include - buying an office space, buying equipment, obsessively seeking investments, etc. Taking Risks might sound entrepreneurial but is not practical, if you have day job, let your salary support your side project/experiment (not startup), until it starts making money. Don’t cut your income to dive into a new ocean of promise directly. Grow like a tree, slowly, steadily. 
    5. Don’t keep Google, Apple, or Facebook as your role models. Big Companies are exceptions to the rule & not all startups will have that kind of popularity. You’re role models should be Small companies that have hustled they’re way up.

    Watch the full video here

  12. Entrepreneur on steroids: Things that the CEO of a startup (or a company) should be mindful of

    As I work as a startup co-founder, I get to think a lot about what it is to become a CEO of a startup company.

    Up until this point, I have identified several key aspects that CEO should excel in. Although the list of the bullets aren’t exhaustive, I just wanted to jot down here to remind me of the things that I should always care when the day comes where I become the CEO - which I eventually want to be.

     When some people think about startups, they tend to associate it with great and unique ideas that will rock this universe. Obviously, there are some companies that truly is exceptional in building new things - a la Apple, but you will be surprised to know that most, if not all, of the startup’s ideas are mere change of an existing idea, and at times, a total rip-off of other competitors idea.

    As a consequence, not a thundering idea, but having a keen eye to read the macro structural change, enthusiasm and determinism to attract the brilliant minds, empathy to sympathize and communicate with others, discipline and system to try and test multiples ideas are important.

    1. Eagle eye on reading the macro trends.

    Action plan: 
     - Keep up yourself with the industrial pundits and innovators
     - Hone your view on several important trends

    No startups could truly succeed without reading the minds of customers. Even B2B ideas, seemed as an indifferent matter about customer minds, needs to be constantly adjusted and fitted to customers needs. Add to this assertion that you will be targeting a sizable market where one could reap the benefit, then you will instantly know that satisfying the ‘mass needs’ is crucial. On top of that, add this crucial fact that human, as a highly social animal, usually moves in droves when they change their behavior, lifestyle, and culture. In sum, ‘mass needs’ sometimes reveal themselves as a ‘macro trend’, and as an aspiring entrepreneur who wants to win the minds of the mass, you gotta be an expert on this realm.

    2. Vigorous enthusiasm

    Action plan:
     - Work on the things and needs that you understand the most
     - (Or if it isn’t the case) Try to understand the problem and internalize your understanding as fast as possible
     - Become the aggressive proponent for your idea anywhere, anytime (You can’t be a thing if you don’t act in that way)

    Buying people’s minds aren’t as easy as one might thought. Without your exuding enthusiasm combined with bright optimism, people will easily notice the agitation. Who on earth could throw themselves into a cause that even the founder doesn’t truly believes in? 

    3. Experience on how to understand people

    Action plan:
     (As a CEO)
     - Build two active channels (one upward, one downward) with which people can communicate and allay their concerns
     - Proactively seek out moments to bond with others and become a true friend of others
     - Ask about each person’s short-term objective and agenda

    If you don’t have any money, you could vociferously sell your ideas to potential investors. If you don’t have any ideas, you could discuss with your peers to discover a stunning idea. But without good people, you are doomed to fail. Why not look for good people when you don’t have any? If the problem was that easy! To iterate and maintain an idea for such a long time where you can finally greet the moment of epiphany, without peer’s strong support, nobody could withstand the emotional, financial roller-coaster without exhaustion. 

    As as result, understanding people and having a strong relationship that could last is a crucial tenet a CEO should have. Every person have their unique agenda. Some people try to become a startup founder afterwards, while some people want a exciting working environment, while another group of people want a stable job security. Even though you may not be able to sooth everybody’s discontent, you could sympathize their concerns and seek out the ways where you could alleviate those. Another crucial reason for CEOs needing this ability is that CEO is in the best position to initiate the understanding. Especially in some part of the world where hierarchy is easily accepted and respect a social norm, one cannot easily express their concern to their direct reports, and understandably more hard to the CEO.

    4. Discipline and methodology on how to solve the problems

    Action plan:
     - Through multiple trial and errors, hone your personal problem solving methodologies.
     - Meet with people who have their view own methodology, and learn from them

    Although, even start-up experts say that ‘running a startup is more of a magic’, it surely doesn’t imply that we all should be putting our hands off the table and wish for the magic to happen. There are some aspects that are worth having discipline. Such as, ‘how should you interpret customers feedback’, or ‘how could we change the course of our service based on current assessment?’. And these are the things that cannot be learnt through the textbooks. You gotta be testing multiple concepts starting from your initial belief on how things should work.

    Seems like a pretty long list huh?

  13. 7 Reasons Start-ups Fail:

    #7. Ignoring your gut

    Steve Jobs, Michael Dell, Warren Buffett, Richard Branson. They all learned very early on to listen to their initial instinct.

    If your gut tells you that a potential hire is not a fit with the ethics and values you set, don’t hire him. If your gut tells you that your product will never gain one customer, let alone customer traction at scale, change and do something else. If your gut tells you that an investor will probably screw you down the line, don’t take her money.

    When was the last time someone told you that they shouldn’t have listened to their gut? Exactly.

    (Source: wilkinsky.us)

  14. Aspiring Entrepreneur that doesn’t know how to code? 

    VIDEO: How to Find a Technical Co-Founder

    New VIDEO from the Project Grow series, giving insight on how/where to network with like-minded individuals to foster a positive growth environment for your startup.

    Video features NYC Varick Street incubator’s Philip Estrada Reichen & Philipe Fatio, an entrepreneur & coder duo that demonstrate the power of partnership.

    Related: Do You Really Need to Code?

    (Source: wilkinsky.us)

  15. Obama signs bill to boost business startups

    The bill will make it easier for companies to solicit private investors and relaxes filing requirements associated with initial public offerings.

    It also allows startup companies to engage in crowdfunding, in which investors take small stakes in companies over the Internet.

  16. $0 Revenue -> $1B Acquisition.

    Facebook To Acquire Instagram For $1 Billion, Which Will Still Be A Standalone App

    (Source: TechCrunch)