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Category Archives: Entrepreneurship

Okay, I’ve had another idea for a venture. I’m having different ideas every single day and it’s high time I pick one and just implement it. I’m going ahead with this, because I need funding for all my other ventures to ensure their success. This new venture shall be nicknamed QM and it’s about Affiliate/Internet Marketing. I’ll be posting the link to a preview page soon, and I’m consulting Lucio Ribiero from http://www.marketingeasy.net/ for advice regarding QM. Expect from details soon!

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I started my college education in India, but soon realised that if I ever wanted to get serious about the startup scene I had to move somewhere else. The ideal place to move would’ve been Berkeley or Palo Alto, but I chose Melbourne. The reason is simple, Melbourne hasn’t yet made it as a startup capital, but still the entrepreneur community in Melbourne is very happening, atleast that’s what I think after staying here for almost a year and visiting some entrepreneur meetups. The thing is, for a 20 year old, it’s hard to start a startup anywhere on Earth. People don’t take you seriously, you’re just starting out and you have no mentors and hence, no contacts in the industry. 

 

I don’t care about people not people not taking me seriously, because at this point all I need for my code to do the talking. I also think that I’m not just starting out anymore, I’m 20 now, and I’ve got enough coding experience to venture out into the startup world. But the only point of concern is that I’ve not got a mentor. So far, everyone who I admire in the field of either programming or entrepreneurship, can’t stress the importance of having a mentor. But I think mentorship is overrated. Seriously, no one wants to waste their time mentoring young kids, and the ones that do, charge money for mentoring. The concept of mentorship is now seen as a business model. There have been instances when entrepreneurs have given me their business cards, and I have tried to contact them, but they’ve not even replied. I think the more time you waste trying to find a mentor, thats time you don’t spend developing your software/brand/company. And hence, I think mentorship is no more required. The only thing you need is contacts. And you can make contacts in your industry easily by just going to networking events. That’s where melbourne rocks. We’ve got Melbourne Twitter Underground Brigade, Silicon Beach Melbourne Drinks, Mobile Mondays, Social Media Breakfast, The Churchill Club, and many many more. So don’t feel low if you have no mentors, I think you can do just fine without them. What do you think?

It’s that time of the year and companies have just released their Q4 results. We at TVR have collected all the data and this is our “Earnings Report” for Q4, 2008. 

Introduction
We all know that times are tough and results would be hit by it and in fact, the numbers do not paint a gloomy picture. Even though it’s a little bit better than Wall Street predicted, it’s nothing to celebrate. 

The Big Three
Google: Great at search, not great at investing. 
Net Revenues(%age change): $5.7 billion (+18%)
Net Profit(%age change): $382 (-68%)
Epic Fail: Investments in AOL and Clearwire 
2009 Focus: Android
Recession: Shut down Video, Notebook, Jaiku, relocating engineers, closing office in Austin. 

Apple: Healthier than people think
Net Revenues(%age change): $7.9 billion (+27%)
Net Profits(%age change): $1.14 billion (+26%)
Epic Fail: Steve Jobs Health and Stock Market issue (and still no Cut and Paste)
2009: Simple product line 
Recession: Recession-proof 

Microsoft: Looking out of better Windows
Net Revenues(%age change): $16.6 billion(+2%)
Net Profits(%age change): $4.17 billion(-11%)
Epic Fail: Yahoo takeover bid
2009: Windows 7
Recession: 5000 laid off

Recession Hits Others… 
Digg has decided to cut 10% of their staff as growth is beginning to flatten. EA has laid off hundreds at Black Box bringing their grand total to over a thousand people laid off. Millions others are downsizing, the TechCrunch Layoff Tracker officially stands at about 200,000. 

Sources
TechCrunch 
Apple2.0
Kotaku
Wired

Conclusion:
The Earnings Report is meant to provide you with the summary of all the numbers you need while removing all the confusion. We really hope this helped. We’d love to hear feedback, if we’ve missed something or need to remove something.  

As a fellow who is quite late to the whole blogging and social media scene, I have a lot of catching up to do. But I have been following a lot of blogs since long and one thing essential to success is networking. So I thought I’d give it a shot as Melbourne has loads of networking events for just about anything, ranging from entrepreneurial Silicon Beach drinks to Twitter user meet-ups. So I started attending all of these events just to meet new people. Today, I went to the Melbourne Twitter Underground Brigade. It’s a fabulous event and I think it’s a must attend for everyone who uses Twitter to attend. Special shoutout to the organisers and Michael Specht

 

Being my first event, and me being only 20, I didn’t have much to talk about with others except for computer science. Which brings me to the interesting part of the meet up. For the first half of the event, I sat down with computer science intellectuals with Ph.D.s and years of experience. All of them had one thing is common, although they had great paying jobs, it wasn’t what they wanted to do. They all wanted to work on something they felt passionate about. And that they did, on the side, since years. They all were working on pet projects, which they planned to launch “soon”. They were re-coding it, optimizing it, pythonizing it, and testing it. None of them had launched their product yet. But for the other half of the event, I was sitting with computer science newbies, who knew bare bones of HTML and were just out of university. Yet, they had launched their third company. Their plan was simple: they came up with the idea, outsourced the development, launched the prototype and interated with changes and improvements. And they’re doing millions worth of business. 

 

It was nice to see this contrasting view point of startups at the same event, though it wasn’t strictly an entrepreneurship event. As someone who is new to entrepreneurship, I found this amusing. On the one hand, I understand what the computer science people are going through. We love to ship perfect code: no bugs, full integration and scalable. We inherently like perfection, but it’ll take us months to churn out that perfect application. I think we keep on developing software and adding features for the fear of failure. A lot of people, especially people new to entrepreneurship, fear failure, the humilation that comes with it. Which is where rapid prototyping seems so tempting. Failure is an integral part of it, but the point is to learn quickly from failure, fix it fast and do it all over again and again. Therefore, for a startup, getting the product out of the door is half the battle won. I’ll always be prototyping my code, what do you suggest? Perfect Shipments or Rapid Prototyping?