Ideas and thoughts as I build things
5 years of red, white and blue
5 years ago, last week of October 2015, I landed in USA for the sixth time. Soon, I would make this country my home and work towards creating a new life.
If I wanted to succeed long-term in this country, I needed a network of people who can enable that. I needed relationships. I needed a team. You don’t succeed alone.
Compound, Compound and then some more
Compounding is a very powerful concept, easier to understand with a money example. $1 on day 1st of July, doubling it every day of the month vs $100 million - if given an option, one should chose the former. That $1 a day doubling for just one month is $1billion+.
This is easy to understand, but I find compounding has an incredibly profound impact on two other aspects of your life.
Why I joined a hardware start-up?
The personal computer revolution started in 1980s, and took 30 years to reach 1.5 billion units worldwide. The smartphones boom started in 2007/08 and it took almost 10 years to reach ~3 billion smart-phone users in the world.
Phone and computers are limited by number of people. Sensors are not and there are more things than people.
Success: a pursuit
For purpose of this writing success is narrowly defined as the pursuit of wealth and influence over capital, labour, technology or ideology - the drivers of modern day capitalism.
In this narrow scope of success, I have found few fundamentals to hold true and few things which enable the pursuit of aforementioned success.
Survival of the fittest
Those two words sum up a lot about human nature and opportunities. We are either fighting for survival or defending it, or we are reaching a little higher to rise up in whatever endeavor one might be perusing. We seldom can do both simultaneously.
When you are rock climbing, you clip the quickdraws to bolt before going any higher. You ensure survival and then you go higher.
Decision Making: the art that no school teaches you
Decision Making is like sex, everybody engages in it but most people don’t take the time to read about it or learn it methodically. This results in sloppy decision making.
We make decisions everyday, but every-time we have a critical decision - a job prospect, a life partner prospect, a decision to move countries or cities - we start from the ground up, we think about what we truly want, make pros and cons and discuss with our trusted and loved ones. This is an extremely sub-optimal way of decision making
Technology doesn’t disrupt; business models do
Andy Rachleff in his famous class at Stanford “Aligning Start-ups with their market” teaches that a common misconception is that technology disrupts markets or companies, but it is not technology, but business models that disrupt markets and companies. Technology is merely an enabler of this new business, a new method to create and capture value.
How to choose a career?
We all have to make this choice. We have to make it few times in our life. This is my attempt to synthesis broad frameworks I have learnt from Andy Rachleff (Benchmark, Wealthfront) and Eric Schmidt (Google). This has helped me, and I hope the same for you.
You can only automate what you know
Many start-ups are building artificial intelligence products for businesses to use. There are hundreds of machine learning, computer vision or deep learning businesses propping every week.
Managers: Why most screw up
Everyone has a boss. Someone said this, and is true.
You are likely to manage people and be managed by someone. If you are a freelancer, it could be your clients. If you are an entrepreneur, it could be your board. Since we will all share this fate, we must try to understand the kind of managers that you might encounter and more importantly, understand the type of manager you want to be.