Friday, August 26, 2011
I do not say we shouldn't try to fix the root cause, but we should be practical and consider the approach based on where we are now.
Corruption in India is like a cancer evolved over generations. It would be a better and quite practical solution to do a surgery and use chemicals and medicine (even though they all have quite serious side effects). Fixing the root cause really mean reversing the evolution (social and systematic) and kind of irreversible (or impractical). We can start over after the surgery, for sure, and take steps for a grass roots approach. But grass roots approach alone is like learning and maintaining healthy habits and avoiding carcinogenic substances after diagnosed with severe cancer. In today's world, there are only so many things practical to avoid even after you survive from cancer.
Lokpal may not be the perfect solution or complete solution, but a great start even if we could implement 50%. Given the circumstances, odds are quite high to implement it successfully. But that shouldn't deter from trying to achieve it.
Saturday, August 20, 2011
Friday, August 19, 2011
Can you start a business if you are on H1B ? And Can that business sponsor your H1B and hire you as an employee ?
Yes and Yes.
Under the previous interpretations of CIS rules, a highly skilled worker who is legally in the United States on an H-1B visa could start a company but could not work for it. CIS updated the H1-B guidelines to “clarify” that business owners on H1-B visas could work for their own companies, provided that they work full time for the company and are treated like an employee. For example, the company could have a board that is able to hire, fire, pay, supervise or otherwise control the worker like they would any other staff member.
Its really wonderful news and clarification to both questions. Even though many people knew that they could start a business while on H1B, its always a rather gray area with too many interpretations.
|The Non-Tuition Costs of Education|
( Source : http://www.coursehero.com/)
Thursday, August 18, 2011
Wednesday, August 17, 2011
Must read for everybody. Entrepreneurs, investors and some of you may start with a pinch of salt but to most people that are aware of how most of these hyped VC darlings and highly ‘valued’ companies work, should be just a reminder of the hard reality and what to focus on.
There was a lot of discussion on ‘Custom’ metrics that Groupon came up with to show to the world that it is actually doing great and making profits. But it turned out, they are all ‘gimmicks’ to hide costs and show profitable when it is actually loosing money.
"Alright, you caught us. We're actually not making any money. In fact, we are really losing a lot of money."
This is the essence of Groupon's declaration last week that it will remove the controversial accounting metric called Adjusted Consolidated Segment Operating Income (ACSOI) from its financial statements. ACSOI essentially measures Groupon's profits before subtracting its subscriber-acquisition costs and stock option-based compensation. The metric was an attempt to put a thin veneer of respectability on what are extremely disconcerting profitability numbers for the company. In the first quarter of 2011, Groupon posted a net loss of $113.9 million. Yet, the company reported ASCOI of positive $80.1 million. In most recent quarter, Groupon's losses continued to mount as it begrudgingly abandoned the ACSOI metric amidst criticism and incredulity from the SEC.
Text highlighted by me. Some more key excerpts that are kinda shocking to most unaware readers but totally in line with most ‘valued’ startups of the day.
Groupon's fundamental problem is that it has not yet discovered a viable business model.The company asserts that it will be profitable once it reaches scale but there is little reason to believe this.
The real cause of Groupon's problem is that it had too much of a good thing. With over $1 billion of venture capital money to invest in growth, what manager has time to worry about profitability? Groupon's "bad money" — investments that were patient for profit but impatient for growth — did not instill the discipline needed to enable the company to emerge as a successful standalone venture.
The story would be much different if Groupon did not have nearly unlimited access to funding so early in its corporate life
Monday, August 15, 2011
App Engine Boilerplate is a versatile yet minimalistic setup for new App Engine projects.
- html5-boilerplate 2.0(including it's automated build toolchain for minification and concatenation of js+css)
- Beautiful OpenID login with openid-selector
- Memcaching setup for requests and responses
- Flexible user-preferences model (with Gravatar link)
- Templates and template addons
- Tools such as
- configuration for admin areas, static files
- Released under the BSD license
It’s a great news in many aspects, that Google is buying Motorola, the pioneer of Mobile handsets for $12.5 Billion dollars.
Google Inc. (NASDAQ: GOOG) and Motorola Mobility Holdings, Inc. (NYSE: MMI) today announced that they have entered into a definitive agreement under which Google will acquire Motorola Mobility for $40.00 per share in cash, or a total of about $12.5 billion, a premium of 63% to the closing price of Motorola Mobility shares on Friday, August 12, 2011. The transaction was unanimously approved by the boards of directors of both companies.
The acquisition of Motorola Mobility, a dedicated Android partner, will enable Google to supercharge the Android ecosystem and will enhance competition in mobile computing. Motorola Mobility will remain a licensee of Android and Android will remain open. Google will run Motorola Mobility as a separate business.
For starters, that will renew a fresh lease of life to Android market amid growing concerns of security, fragmentation, looming patent wars and an exponential growth. So, can we expect now end-to-end controlled android device much like the Apple’s iOS devices?
Good competition will definitely bring the best of each. So we can expect a much brighter future and fierce competition in the mobile markets.
Sunday, August 14, 2011
Friday, August 12, 2011
Economics writer Tim Harford studies complex systems -- and finds a surprising link among the successful ones: they were built through trial and error. In this sparkling talk from TEDGlobal 2011, he asks us to embrace our randomness and start making better mistakes.
Most of us will do anything to avoid being wrong. But what if we're wrong about that? "Wrongologist" Kathryn Schulz makes a compelling case for not just admitting but embracing our fallibility.
Friday, August 5, 2011
Most people with full time jobs I know of hate their jobs. For a variety of reasons. And a majority of them have been dreaming of becoming ‘entrepreneurs’ and building businesses of their own.
And almost all of them (that decided to venture out) have started or about to start a business of consulting and work as independent contractors. Doing the same or similar work they have been doing all along (software development projects for instance, as most of us are Software developers), though now they think they are well represented and compensated for their hard work.
Is becoming an independent contractor a necessary step in between an Employee and an Entrepreneur ? Or being an independent contractor itself is the business? Is this what they really wanted ? or its just an easy start to get something going, on your own, so you can think of ‘real thing’ later on ?
This great snippet by Seth Godin “Building a job vs. Building a business” put these thoughts in perspective. Read on.
Like Seth Godin says in that post, both of them are good and will work. But they are totally different things. For some, one may lead to the other, but most (almost all) it will not. If we are totally convinced of doing one thing or the other and go do them, it is totally fine. We just need to have that clarity in our dreams and ambitions.
If you hate your job working in your current company and want to come out and do same or similar job as an independent contractor (and eventually become a consultant and later on assemble a group of such people and call that a business), that’s fine. There are so many great and successful businesses of that sort. Just make sure that’s what you have been dreaming of.
Or you wish you could do something different ? Then, Do something different.
Monday, August 1, 2011
Just watched 10 Hacks to Go From Idea to #1 App (October 29, 2010) - HD on Active Player.
Anybody already started reading between the lines ?
This is yet another example of NDTV.com’s sensationalism twisted titles. The title says, as if this was a fact, woman made to urinate in pub...
When you are writing software, you always get a second chance. In fact, lots of chances to get it correct. You have compiler warnings, fail...
WWDC 2011 Session Videos are now available for all, for Free.
There has been a lot of fuss about new Mobile Payment solutions and many unsuccessful attempts to get a pie of normal payment solutions. Man...