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At Amazon, It’s All About Cash Flow

Originally posted on HBR Blog Network - Harvard Business Review:

In a few days, Amazon will report its quarterly earnings. If recent quarters are any indication, there will be a lot of worried talk before and after the announcement about the company’s minuscule or perhaps even negative profits. If its stock price continues to slide downward, the story will probably be that investors are losing patience with Amazon’s persistently low profit margins.

Maybe that’s true. Why stock prices do what they do over the short term is an enduring mystery, and I’m not going to claim to solve it here. But given that the company’s profit margins have never been much to look at, it’s a little hard to understand why that would suddenly be a big deal now.

The far more interesting things in Amazon’s earnings releases, it turns out, can be found on the cash flow statement. Here, for example, are the company’s net income and cash…

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The Internet of Things Is More than Just a Bunch of Refrigerators

Originally posted on HBR Blog Network - Harvard Business Review:

The Internet of Things is definitely becoming a Thing, in the same way that big data’s a Thing or the sharing economy’s a Thing. And the thing about a thing that becomes a Thing is, it’s easy to lose sight of the things that made it a thing before everyone declared it the Next Big Thing that will change everything.

Got it? Good. We’ll start there. With the hype over the Internet of Things behind us. Because whether or not it’s a Thing, the internet of things is already a lot of things. Here’s a look at a tiny, tiny slice of it:

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Those are a couple of dozen air quality sensors located around Boston, as documented by Thingful, a search engine for publicly available Internet of Things things (including sharks!). Click on a dot to get real-time information on air quality in the area. That alone may…

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Xiaomi, Not Apple, Is Changing the Smartphone Industry

Harvard Business Review:

“On average, a new version of a phone is launched every 265 days in the industry – down from 345 days in 2009.”

Originally posted on HBR Blog Network - Harvard Business Review:

Determining which customer to target first is one of the most critical decisions in the entrepreneurial process.  Customers that are relatively less risky and more predictable can make it easier for new to firms gain a market foothold. One such set of customers is the nascent middle class in emerging economies.

Why? First, as their financial situation improves they are anxious to buy new things. Not quite able to afford the top brands, they’re nevertheless willing to pay a little more for something they perceive might be close. Second, because they can’t yet afford the high-margin top brands, they’re not all that attractive to incumbents worried about generating enough cash to cover their high fixed and variable costs. So they exist in a sweet spot from an entrepreneur’s point of view: rich and numerous enough to fuel a start-up’s growth and also poor enough not to spur incumbents to respond.

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Announcing the Venture Scanner Pulse Metric

Originally posted on Venture Scanner Insights:

One of the top requests from you, our community, is to be able to quickly get a sense for how companies within categories stack up against one another. It is very common for some categories, like Automotive Telematics, Social Media Marketing, and Consumer Lending, to have over 100 companies within them. This makes identifying the short list of companies to meet with and vet for business partnerships a very arduous task.

Today we are excited to announce the launch of the Venture Scanner pulse metric. True to our mission of combining analyst insights with data, we are launching two pulse metrics for companies, the Analyst Pulse and the Data Pulse.

  • Analyst Pulse: An analyst’s assessment of a company’s health as measured by product-market fit, adoption, and business model traction.
  • Data Pulse: An assessment of a company’s health that is derived programmatically through Venture Scanner’s algorithms with input…

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Other Oktoberfest

From the National Geographic book Four Seasons of Travel

Kitchener-Waterloo, Ontario, Canada
www.oktoberfest.ca
Expect an authentic taste of Germany from a city that was named Berlin until 1916. Be transported by the merriment pouring from Kitchener’s festival halls and filling steins, plates, and dance floors. Family-friendly events include blunt-tipped archery showdowns, a fashion show, and art gallery romps downtown before the Canadian Thanksgiving parade.

Cincinnati and Columbus, Ohio
www.oktoberfestzinzinnati.com/, www.columbusoktoberfest.com/
Lederhosen-clad locals, thirsty visitors, and even costumed racing dachshund pups raid six blocks of downtown “Zinzinnati” for one of America’s most popular Oktoberfests—nearly 500,000 attendees strong. But the fairgrounds in Ohio’s capital city of Columbus can’t be overlooked, and you’ll want to save room here for a half-pound cream puff from Schmidt’s Restaurant und Sausage Haus.

Leavenworth, Washington
leavenworthoktoberfest.com
A Bavarian-style village in the foothills of the northern Cascade mountains brings in millions of thirsty visitors during the first three weekends of October. Don’t miss the traditional keg-tapping ceremony by the small town’s mayor kicking off each weekend.

Colonia Tovar, Venezuela
www.venezuelatuya.com
Called the “Germany of the Caribbean,” this northern Venezuelan community an hour west of Caracas surprises with its unlikely Bavarian architecture and pride. The authentic culture lasts in the wake of immigrants from Germany’s Black Forest who founded the town in 1843. Watch the trunk-sawing competition and enjoy a Tovar beer at one of the tables imported from Germany for the fest.

Blumenau, Brazil
www.oktoberfestblumenau.com.br
Why not southern Brazil for Oktoberfest? This city is as authentic as many—it was founded in the mid-19th century by a small band of German immigrants. Try beers from local craft breweries such as Das Bier at Latin America’s largest Oktoberfest celebration. Cut straight for the biergarten among the pavilions of Blumenau’s expansive German Village Park reminiscent of Munich’s own 14-tent grounds, or snag a freebie from the bierwagen parading the town.

Bangalore, India
www.kingfisherworld.com/tgiof
Leading Indian brewery Kingfisher throws an annual multistage music festival at the striking Jayamahal Palace in the heart of the southern Indian city. The musicians are bound to steal your attention, but the flea market is a highlight, too, complete with craft vendors and food stalls. More than 20,000 people attend the festivities each year.

Hong Kong, China
www.gbfhk.com/aj
Not to be missed, this bustling Chinese island is home to a rollicking annual bierfest at the Marco Polo Hongkong Hotel. Listen to traditional oompah bands and sample the roasted pork knuckle from your open-air perch over Victoria Harbour at this German/Asian tradition that’s been going strong for more than 20 years. Get there early for one of the 200 pints of the exclusive Löwenbräu Oktoberfestbier served each night.

Dubai, United Arab Emirates
www.definitelydubai.com
It’s actually hard to miss Dubai’s October salutes to old Bavaria with so many glittering venues around the city bedecked in German tinsel. A daylong bash is held in the Dubai Sports City complex, while area resorts such as the five-star Jumeirah Beach Hotel host their own. If you miss the October festivities, you can get a taste of Bavaria year-round at the Jumeira Rotana hotel’s Brauhaus German Restaurant.

Brisbane, Australia
www.oktoberfestbrisbane.com.au
Aussies get a balmy Oktoberfest experience on Queensland’s east coast, where temperatures average 70°F (21°C) for this dual-weekend salute to Bavaria. And boasting a spread of entertainment from a Bavarian Strongman Competition and cowbell ringing to music, dancing, and a yodeler named Heidi, the event deserves a prost for still being family-organized. And don’t forget the beer: The festival imports its handcrafted brews from the old Tucher Brewery in Bavaria.

Port Elizabeth, South Africa
germanclub.co.za
The German Club of Port Elizabeth might have a members-only beer garden, but it opens up its turf to the rest of Nelson Mandela Bay for one celebratory October weekend. The band Viva Bavaria plays classics from the Alps, as well as classic rock and modern hits.

Watch “TR-3B Plasma Torus Anti-Gravity Centrifuge Engine” on YouTube

TR-3B Plasma Torus Anti-Gravity Centrifuge Engine: http://youtu.be/pJJ-4lnwrck

Published on Oct 23, 2008

To discuss this video in detail, post links and more, please visit the AlienScientist Discussion Forums:

http://www.alienscientist.com/forum/showthread.php?77-TR-3B-Plasma-Torus-Anti-Gravity-Centrifuge-Engine

Multiple corroborating sources have been pieced together to unlock the secret of TRUE anti-gravity. This expose’ of supporting evidence provides a never before seen look at how REAL Anti-Gravity could work! Of course the only way to debunk it is to do the experiment and see!

Maharshi Bharadwaaja’s “Vimaanika Shastra”:

http://www.sacred-texts.com/ufo/vs/index.htm

NAZI Bell Experiment – Jakob Sporrenberg

Eugene Podkletnov – “Impulse Gravity Generator Based on Charged Superconducting Crystal”

Edgar Fouche – TR3-b : http://www.youtube.com/watch?v=H1DODDNFP0Q

Jonathan Weygandt’s testimony begins at 05:40 (Disclosure Project – 62 min) http://video.google.com/videoplay?docid=-4694075066240662837&ei=7OgASc_cMpCQqQLqm5WZBQ&q=disclosure+project&hl=en

Additional references:

Liquid Superfluid Hydrogen:

http://www.nature.com/nature/journal/v431/n7009/abs/nature02910.html

Liquid Superfluid Helium 3a:

http://www.nature.com/nature/journal/v441/n7093/full/441588a.html

http://universe-review.ca/F13-atom.htm

Common ferrofluid surfactants

The surfactants used to coat the nanoparticles include, but are not limited to:

* oleic acid

* tetramethylammonium hydroxide

* citric acid

* soy lecithin

These surfactants prevent the nanoparticles from clumping together, ensuring that the particles do not form aggregates that become too heavy to be held in suspension by Brownian motion. The magnetic particles in an ideal ferrofluid do not settle out, even when exposed to a strong magnetic, or gravitational field. A surfactant has a polar head and non-polar tail (or vice versa), one of which adsorbs to a nanoparticle, while the non-polar tail (or polar head) sticks out into the carrier medium, forming an inverse or regular micelle,respectively, around the particle. Steric repulsion then prevents agglomeration of the particles.

Quantum Ferrofluids:

http://www.nature.com/nature/journal/v448/n7154/abs/nature06036.html

Please note that the drawing I portray of the Anti-Gravity Engine shows superfluid Helium 3 nuclei engaging in cooper pairs. The Black and White sided coin is drawn to illustrate what I call “dual axis rotation” or conical rotation (spin a coin on a table and observe the motion) One idea is to use 2 different superfluids of different density which will cause each other to rotate through displacement. This can also be used to “jump start” the engine (by spinning the craft like a coin and letting it rotate on an edge to get that dual axis rotation going)

Frank Znidarsic’s newest paper:

http://tinyurl.com/Znidarsic

http://www.wbabin.net/science/znidarsic3.pdf

Podkletnov et.al. (1992)

http://arxiv.org/pdf/physics/0204031

5 ข้อควรรู้ก่อนลงมือทำสตาร์ทอัพ

Originally posted on True Incube:

บทสรุปนี้มาจากงาน “From Startup to Scale Up: Best Practices from Silicon Valley” โดย คุณ Marvin Liao จาก 500 Startups ที่ทรู อินคิวบ์ได้เชิญมาพูดใน public event เมื่อเดือนสิงหาคมที่ผ่านมาค่ะ

  1. Startups are Hell
  2. ben_horowitz
    หากคุณคิดทำสตาร์ทอัพเพราะคิดว่ามันเซ็กซี่หรือทำเพื่อเงิน อยากขอให้คุณคิดใหม่ เพราะการทำสตาร์ทอัพจริงๆแล้วไม่ใช่เรื่องง่ายเลย ในความเป็นจริงแล้ว 80% ของสตาร์ทอัพไม่ประสบความสำเร็จ แต่ถ้าคุณทำเพราะมี passion จริงๆและพยายามจนถึงที่สุด คุณก็มีโอกาสเป็น 20% ที่รอด

    ถ้าอยากสัมผัสถึงความยากลำบากของการทำสตาร์ทอัพ แนะนำให้อ่านหนังสือ “The Hard Things About Hard Things” ของ Ben Horowitz, Co-Founder of Andressen Horowitz ถึงเส้นทางที่เขาล้มลุกคลุกคลานกว่าจะมากลายเป็น Venture Capital ที่มีชื่อเสียงระดับโลกในตอนนี้

  3. Make Stuff People Want
  4. paul graham ycom

    คำพูดของ Paul Graham, Y Combinator นี้ฟังดูง่ายแต่ในความเป็นจริงนั้นไม่ง่ายเลย สตาร์ทอัพหลายคนจะ “Make Stuff (I think) People want” และมักจะพบกับความเป็นจริงว่า “Nobody wants my stuff” เนื่องจากเรามักเอาประสบการณ์ของตัวเองมาบอกว่าคนอื่นก็ต้องการสินค้าแบบเรา เพื่อหลีกเลี่ยงความผิดพลาดนี้ สตาร์ทอัพควรที่จะคุยกับลูกค้า ทดสอบตลาด เพื่อพิสูจน์ว่ามีคนต้องการสินค้าเราจริงๆ

  5. Doing startup these days is much easier than ever before
  6. ข่าวดีสำหรับสตาร์ทอัพในสมัยนี้ คือเรามีเครื่องมือต่างๆมากมายที่เข้าถึงได้ในราคาที่ถูกลงจากเดิมมาก เรามี Cloud Service ต่างเช่น Microsoft Azure, Amazon Web Service, Google App Engine ที่ทำให้เรื่องการเตรียม Infrastucture สำหรับเริ่มสร้าง Product ทำได้อย่างรวดเร็วในแถมราคาไม่แพง จ่ายตามจริงเท่าที่ใช้ ต่างจากสมัยก่อนที่จะสร้าง Software ทีต้องซื้อ Server ราคาหลายหมื่น ไหนจะค่า co-location ค่า Network Bandwidth อีก

    lean startup book

    นอกจากนี้เรื่องของ User Acquisition ก็ทำได้ง่ายขึ้นเยอะ ด้วยบริการอย่าง Google Adwords และ Facebook Ads ที่ทำให้การโฆษณาทางออนไลน์สามารถทำได้ง่าย ตรงกลุ่มเป้าหมาย ด้วยต้นทุนที่ต่ำ จ่ายตามความสำเร็จ (Pay per click / Pay per install) ในเรื่องของ Know-How เราก็ยังมีความรู้ต่างๆ ในการทำสตาร์ทอัพซึ่งรวบรวมโดยผู้ที่มีประสบการณ์มาก่อนให้ได้ศึกษา (Startup…

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