Cast your vote at Project 10^100

[Its been a case of blogger's block. The good news is, I seem to be on my way out of it.]

Last September, I had written about Google's 10 to the power 100 initiative.

Well, it seems the good folks inside googleplexes have had their super-fill of ideas which they've whittled down to 16 and now they want your vote on it. Do click the link below to cast your vote.
http://www.project10tothe100.com/vote.html

Interesting to note: "Build better banking tools for everyone" figures in as one among the top 16 needs. Folks have suggested using the reach of mobile telephony to do this. Hmm... sounds familiar! we've been trying to do that all along- glad to hear the world echo the thought :).

[Now you know why we're called EKO]

Google wants your IDEA!

Project 10¹⁰⁰

All ye web void fellas,
Bin 10 years since Google's bin foolin 'round with yer surrchs and clix,
Now, it wants your Ideas!
Yea you heard it damn rite
Callit Project 10 to the 100 or somethin,
They've kept $10 mill to cook it if it smells good,
Well beware, in case yer think it will make yer dollah rich or somethin,
It will make yer rich only in 'Karma' points.

Ye wanna make a better world? Watch this tube-shot of what its all about in googlespeak:


So, do you have an idea to gift baby google (the world) ? Submit your entry by 10th October.

As they say, 'May those who help the most win!' Seriously, if you have a great idea that would've anyway stayed in your closet, go ahead and give it a chance :)

In case you have no ideas and no way to kill a few minutes, try Google Genesis ;)

Who can be an entrepreneur? Part II

(Continued from part I)

In my last post on this subject I presented my reading on the Grameen Bank initiative by Muhammad Yunus and found that entrepreneurship as a yearning is innate in all and that success is relative. In this post I'd take my study further on a slightly different viewpoint.

This viewpoint is based on this article that I'd come across a few months back by Clay Shirky titled, The (Bayesian) Advantage of Youth.

It postulates that entrepreneurship is a byproduct of inexperience, youthfulness and an idea. Or in other words - it is the result of not having a preconditioned mind and an ability to unlearn some things and start from scratch.

The author argues that experience, that comes through age is all about being exposed to a set of conditions, knowing its limitations and thus calibrating oneself to 'learn' how to handle the same or a similar situation based on this learning. Now, this process of 'learning' is by nature a process that aims at minimizing risk and moving towards stability and away from unknown territory.

While such experience might be advantageous in certain situations, the author further argues that the predictable-reactionary nature that experience brings is a contra requirement to entrepreneurship. Entrepreneurship is mostly (not all) about making that dangerous leap that the experienced might think foolish or feel scared to. A beautiful analogy based on Bayesian logic is also presented in the article.

Another interesting book that I had read was The Ten Faces of Innovation by IDEO's Tom Kelley (thanks to Jayadev). In this book the author says that in most organizations, many an innovative idea is killed by people who love to play the Devil's Advocate. The 'idea-killer' role is kinda addictive, it kinda becomes a part of you once you've made a 'kill'. Unwittingly, while you might pride yourself in your devilish skills, some bright spark might get silenced forever.

While I subscribe to the fact that youthfulness coupled with wild imagination and creativity does lead to innovation, I would also like to have it tapered slightly (only slightly) with some expert advice. Which is to say - have a young person as the key ideator but make sure he has an experienced adviser. An adviser would be the dampener, but every useful coiled spring knows the importance of damping factor! Remember the dot com vagaries (ah... thats the devil's advocate in me speaking again - hushhhh!). Am I getting too old for the game ;) ?

Entrepreneurship and me

My tryst with entrepreneurship started on a rather weird note. Back when I was in school, it was an incredibly twisted word with an equally twisted pronunciation. From the time that I can remember, I've been a creative person. So as kid, cardboard boxes lying around would get wheels added and get turned into toy buses; There'd be NO electronic or electric or mechanic device in my house that I'd NOT opened and put back together (mostly in one piece) ever after I'd found how to use screw-drivers. By the time I was in high school, I was playing with diodes, LEDs, capacitors and soldering irons. But there was one tool that I'd admit had provided a really wide canvas - the humble PC. I would've been eleven when I wrote my first program in BASIC - all I can remember are the green pixelated dots that formed the characters on the 'screen' of its monochrome display (I'd reckon, most mobile phones today have screens and processors that are an order of magnitude better than those). Anyways, by the time I graduated as an electronics and communications engineer, I'd made my mark as a hobby programmer (thanks to a few of my seniors who'd introduced me to C++ and VB), I even got offers from a few schools near our college to develop custom software for them (While I did a few demos, none of the 'deals' materialized) and it felt good! I had a dream of being able to do this as my vocation - but then it had to remain a dream. Personally, it was an intention to completely express a God given talent - creativity. I consider myself compulsively creative - almost a software artist and so when I got a chance, I thought that the best way to express it would be in the freedom offered by an entrepreunial context. Creating, understanding and solving give me an 'adrenaline rush' - my highs. My choice of not joining a regular IT company (I was even placed into one through campus recruitment) was more providence than a real 'choice' because at that time I really did not have anything else to chose from. My association with Tandem Infotech (a 30-40 member strong IT company which was a part of my friend Jayadev's Tandem Group) was supposed to be a stop-gap arrangement till I'd found something else (I'd even written the GRE). My initial role there, as a consultant, was to come up with an anti-piracy solution for their cafe management software. Along the way, I got to work on a few mobile games as a part of an international project and then in late 2002/3 (after a brief crisis), it was decided to spin off the then nascent mobile arm into an independent division and eventually into a separate entity in which I'd also be a significant stake holder (if not, I'd probably have looked elsewhere for a living). And thus started my real rendezvous with entrepreneurship (though the new company Tinfo Mobile actually got registered only in 2005). Its been a wonderful journey. I have learned a lot though I'd admit I haven't earned as much ;-). Here's a gist of my most important takeaways: 1. Be optimistic, but expect failures - they are bound to come - in droves. 2. There will be the occasional good times - most projects do go right, media spotlight etc... 3. Not every entrepreneur ends up with a money-spinning juggernaut of an enterprise. 4. The entrepreneur's role gives one a chance to work against all conventions and established norms. 5. Money does not grow on trees. Ideas alone cannot seed money trees. Ideas can grow into revenues, if combined with - people who can implement it - people who can sell it - money to fund the above two - money to market it - lady luck / divine providence. 6. Abraham Maslow was right. 7. Work towards customer delight and at the same time NEVER promise what you're not confident of delivering. 8. A satisfied customer is your best asset and an unsatisfied one could prove to be your undoing. 9. Let go when you must! Nothing lasts for ever and there are no guarantees. 10. Avoid getting emotions involved in taking pure business decisions. 11. The core team must be dedicated to a plan and a goal. People with other commitments and other goals will inevitably stall progress. 12. While one needs to multi-task, there would be one thing that one is really good at. Just creating an environment where people are free to do what they are best at is a good strategy. 13. Factors like aesthetics, design, location and packaging do matter. 14. Never stop learning. And finally, as I'd mentioned in an article earlier: An added advantage of being an entrepreneur; borrowing Edison's words after thousands of failed attempts at his inventions - "At least I know 10,000 ways this will not work!" :-) (In my next article, I plan to review another article written on why certain people might be more successful entrepreneurs than others.)