Startup Death

James ”seriously I feel the product design is not in shape.. we need to think over it’

Sam ”Sir as you are the CEO, let me tell you, the backend database is miserable’

James ”can we change it?”

Sam ”yes.. in 2 weeks”

James ”excellent go ahead”

2 weeks later

James ”hey.. what happened even the existing application has broke”

Sam ”Sir.. the configuration management resource was on leave.. so our developers ended up working on same code.. and we find the new backend database is a big challenge”

James gets angry….

Sam ”and by mistake they deployed the code in production environment too”

James ”all of you are pretty careless. you are CTO.. I did not expect such gross carelessness from you”

Sam ”Sorry Sir.. however want to inform you that because of this gross mishap.. I wish to leave the company”

James “áre you crazy?”

Before James can talk further, Sam has left the company

James calls his secretary and yells ”seriously.. startup CTO’s need to be thoroughly checked for their longetivity within company.. He just made mess and left ”

Secretary ”Sir.. why you listened to his advice?”

James ”common who would know whether he is right or wrong.. Am not technical”

James ”just give all other 4 staff 1 month salary and we will shut this mess up”

Secretary ”ok Sir”

 

 

 

 

 

Machine Learning

Samba ”why is Gabbar asking mathematical formulae so often. like how many existed, when is Holi etc”

Jose ”Samba.. relax.. I understand you have reborn and have a problem in mindset that you were Samba in last life..  I also watched that movie Sholay for you.. but you are in USA dear.. not in India’

Samba ”not really sure.. but I guess the machine learning started from that film’

Jose burst laughing

Jose ”an ace data scientist like you with a mental block of being reborn and now you tell you got inspired by Samba of Sholay?”

Samba ‘see in that movie.. Gabbar was trying to make robots of human..  he didnt want No for answer… he wanted automation.. he wanted intelligence in them…. he wanted guy like me to intelligently know what he wants”

Jose ”oh i see… so how you can know what I want?”

Samba shows him one report…

Jose ”hey common.. you cannot do this to me”

Samba bursts laughing

Jose ”how the heck you got to know that I still wet the bed at night and facing a disorder”

Samba ”Jose… machine learning is all about intelligently tracking you, your behavior, your pattern of search.. your likes, your dislikes, your comments in various social sites.. and then even your shopping pattern”

Jose ”these companies.. do they leak the data”

Samba ‘god knows.. but why were you searching diapers”

Jose sheepishly ”seriously it is becoming costly.. why cannot they come up with low cost diapers for senior citizens like me”

Samba shows him another report…

Jose ”wow.. all research on diapers.. what the heck it is..”

Samba ”In Sholay movie,  Gabbar understands Thakur’s strength and weaknesses.. he knows his hands are his power.. so…”

Jose ”so what…”

Samba ”Gabbar cuts his hands….”

Jose ”it is ridiculous analogy…”

Samba ”dear.. all are using machine learning only to cut each other’s strengths ok.. and understand weaknesses”

 

Why do startups fail?

Startups is not about only getting right founders, right mentors and right incubators to scale up, but it is more about a research on arriving at a business model for an idea. The business model needs to be a paying one or impactful.

We find multiple startups imitating and the clones too get successful somewhere only because the investors prefer investing in safe bets.

No one risks an innovation till it is proven. This leads to innovation moved back to government funded initiatives or individuals who are seriously committed to innovations and give grants.

Almost startups globally fail as any thing in excess becomes a waste. How many startups can we have in mobility space or e-commerce or wallet or anything for matter. The unique differentiator is missing

What should be an ideal cost of experimentation?

Create a market base through need and subsequently just have 1 feature MVP (Minimum viable product feature) and push it in market.. If it succeeds, you add more modules.

Startups fail because of too much focus on either technology or marketing and the right balance is missed out.. Apart from that for strange reasons mentors/advisors are paid /not paid at all.. or even in board, may get may be 0.5% etc, so it is not a lucrative proposition for them.. So next time another startup gets into a graveyard, it is not because an entrepreneur failed, it is because the market validation was inadequate and the competency skills to scale it up needed more attention.

 

 

Newton

Newton a great funny guy whose name was coined after great scientist Newton never knew till date, why he was named Newton..

His mother Freida mentioned to him

‘every action has an equal and opposite reaction’

Newton wondered why

Freida ‘your father Joy always had failed experiments in life.. hence feel you can one day come up with a new formulae’

Newton ‘am a funny guy.. and not also a scientist.. how will it come..  will i need to wait for apples to fall over me?’

Freida ‘see.. i have only one hope.. one day you contribute a new formula to man kind’

Newton ‘not possible MoM.. . too many formulae floating everywhere..’

Newton leaves home to take some solace near his favorite water spot..

Newton looks at sky and sees clusters of star.. at night time they look too beautiful..

again he pauses… and sees stars cluttering further and some distant stars shining too

Newton wonders ‘is proximity a parameter for successful relation? what happens in virtual world..  why two people can just chat continuously and may bind so well.. that they feel close to each other… is proximity having correlation to time..’

Newtons’ best friend Georgia steps besides him..

Georgia is a mathematics professor.. who feels Newton has good sharp thought process. so should do well’

Georgia ‘you.. murmuring proximity and all that’ and plants a kiss on Newton’s lips

Newton ‘is proximity being physical next to each other.. or is it mental wavelength?’

Georgia ‘time is always playing crucial role in all formulae till date..’

Newton ‘proximity introduces flux.. it introduces increases something…  big brand attracts big customers.. big pull and so on.. hey isn’t the real Newton the original scientist talking about mass and distance..

Either increase mass or reduce distance…

cool….

It mean… staying closer to customer can also generate business.. staying in heart of people can also generate love… so what can be a simple formulae

Growth =  Relation/  (Distance between you and your prospect))^2

It means if the distance is less, your relation is going to grow more stronger..

cool..

If distance is too large.. growth will be less..

so virtual world is all about reducing distance..

Georgia ‘but what about your mom etc.. the one’s in physical world… they will get distant away from you’

Newton ‘ok let us scrap this formulae.. am still to think further like Newton Sir.. i actually prefer being normal human and only know how to reach in someone’s heart.. i guess am in yours and mom’s heart.. hope someone will evolve some formula someday’

At home

Mom ‘Georgia told me you are evolving a formulae… please.. focus on that.. i know am in your heart.. my relation great with you… but think something new… think something’

Newton puts hand over his head and looks upward

‘Father.. why you trying to make me a scientist.. when am just normal human’

Mom ‘it is his strong desire.. he went up.. his prayers will make you create a formulae one day’

 

 

 

startup secrets

never begin approaching investors till you have not completed your product.

never focus only on seeking investments.

budget your startup with following economics

X – DEVELOPMENT COST

X – MARKETING COST

2X investments needed

X is something which can be decided by only you..

so with this economics, you realize you do need always a cofounder.

so 2 technical folks can get into initiating something, but partnering with 2 marketing folks may give better leverage

always remember.. the X component has to be as lean as possible.

 

Media Tigers

Manny ‘these folks are nothing but media tigers.. feed on media.. create buzz but when we closely follow their likes..  there are dips… only when the social media campaign begins sudden burst of traffic’

Susan ‘Sir.. this is our business.. they are our clients… we need to promote them.. it is fine to pump in more likes.. and at times hate sentiments too’

Manny ‘am really unhappy with my own business.. ‘

Susan ‘you have been running this so successfully.. why this sudden change of heart?’

Manny ‘my son initiated a startup in retail space… but his competitors used wrong tactics to push hate in other platforms.. and he has gone under depression’

Susan is silent…

Manny ‘Media Tigers thrive on media, social networks to spread message and sometimes it works for benefit of individuals and sometimes it is big mess’

Susan ‘you have been in same business too’

Manny ‘I never realized.. it will hit me so badly one day’

Susan ‘there is no solution.. products get investors.. they have to sell.. hype has to get built.. buzz has to be created…. so it is part and parcel of game’

Manny gets a call

Manny ‘I have to rush.. he committed suicide..’

Susan has drop of tears in her eyes..

After Manny leaves she murmurs

‘To believe or not to believe is something we keep questioning to God.. God is Unknown.. Sometimes as Idol we worship too.. but what sort of belief is this.. where just media can make us believe what is right or wrong and create such psychological impacts and sometimes harm selves too’

 

Business or Value?

Duff has a penchant for collecting precious stones. He is in Turkey on his usual quest to search stones…

He meets Gary an Investor in a coffee shop..

Duff ‘came on a pleasure trip?’

Gary ‘Yes..sort of.. these companies which I invest are showing high valuation but all in loss.. Am deep worried.. at least one should sell off hopefully..else i will be in mess’

Duff smiles..

Duff opens up his box and shows him variety of stones and pebbles..

Duff ‘each stone is about 10$ worth.. and I have 100000 such type of stones collected from globe’

Gary ‘who will give you 1M$ for these stones..?’

Duff smiles..

Duff ‘some have diamond traces in it.. some gold.. now I will not seggregate and give you the choice..’

Gary ponders..

Gary ‘I have my last 2M$ left.. you suggest I take them?’

Duff ‘choice is yours’

Just then Riya, Duff’s girl friend comes in

Riya ‘Hi Duff, the stone which you gave me fetched us US$10000.. so we are now good’

Gary ponders.. ‘is it a scam, hoax or what’

Duff closes the box and leaves Gary…

1 day later Gary see’s headlines ‘Diamond Industrialist Duff had donated 10M$ for Turkey welfare’

Gary’s eye looks in disbelief

Gary rushes to the restaurant where he had met Duff

Duff is munching his lunch..

Gary ‘you never told me your background?’

Duff ‘Boy.. modern day investors just focus on valuation game.. the hardcore struggle of choosing diamonds in pebbles is unknown to them.. they rely on imitation model or wonder if disruption exists.. they invest because stock exchange crashes, gold crashes and so on.. only high returns.. I have trained n number of diamond entrepreneurs who choose different techniques to search precious stones.. sometimes in sea, sometimes in sand.. sometimes in earth.. I share 70% of profit with them.. Do not get bogged down by 5 to 10% equity etc.. so you know what…  all happy.. I too am happy’

Gary ‘Sir.. I will invest 1M$ on your business.. just 2% equity enough’

Duff ‘Gary.. investments only do not guarantee entrepreneur success.. Mentoring and Coaching.. an attitude grooming and teaching entrepreneurs to share their profits not only with employees but also their agents, distributors, marketing professional, PR.. everything maters’

Duff ‘Business has a value provided the value is seen by all stake holders.. else business remains a busy venture but with no real monetizing benefit for others’