Regret Minimization Framework - Jeff Bezos

Inspiring! :)

The Madhushaala video

I just noted today that my Madhushaala video that I had done for my Design project, crossed the 15k mark on youtube.



Hoping to get back to doing more videos. I really want to do it, since I am so passionate about it when I am shooting and also editing video.

On Social Entrepreneurship

I have always been fascinated by this idea of people doing something worthwhile in their lives to create a change. A friend shared this short and inspiring video on the life of social entrepreneurs.



I liked this thought here "Social entrepreneurs believe and then they see !"
what a nice thought!

Life's worth: In plain simple English

Here's a small note i just received from a friend whom I admire for all the work he is been doing.

Six lessons to learn from Bhagat Singh's life
1. Be your own person
2. Find a purpose in life
3. Follow that purpose with passion
4. Procreation isn't the only thing you're born to do
5. Read
6. Take up a social cause

As we keep getting stuck in the discussions that would do nothing but to dismantle the peace of mind, we forget these basic steps. 

The basics which in my opinion would allow each one to be a better human being. 

Does passion drive you?

I always am driven by passion.

Well, atleast I keep telling myself that. And the funny part is that I often fool myself to believing that! The problem with that is that you end up making presumptions and assumptions that whatever you are doing has some relation to the thing that you are passionate about.

Only when you sit (or stand) at the other corner of the room, and try to understand the situation from a different view point, you actually get to know whether it is true or not.

Of late I have been going through this emotional turmoil and feeling a lot of guilt in not being able to do the things that are driven by the passion in me.

I also realize that the time is short. and with the health issues increasing day by day, it sends me in a panic mode. Of not knowing what to do and how to do. 

At the end of the day, there is limit to things and there comes a time when you pause and face the other world that is not letting you do those things; directly and say STFU and let me do things that drive me. And that is where you make your decisions. The time when you decide that enough is enough and that something needs to be done. The time when you know that you just did not want to be another rat in the rat race and actually stood up some something that you so passionately believed in.

Are you waiting for your first million?

Short. Crisp. Inspiring.
Enjoy the video!

Notes from the IIT Mentors Program, Bangalore 2011.

Attended the inauguration of the IIT Mentors program here in India. The program is based on a pay-it-forward model with the goal of helping mentees reach out to mentors in the four tracks of Entrepreneurship, Corporate, Academia, Research.

The idea is to also impart Life skills along the way. Mentors would be able to advise, cheer and guide the Mentee over a period of 8-10 weeks with the Mentees required to spend a min of 10-15 hours a week.

More on the engagement model can be found here

The keynote was delivered by Kris Gopalakrishnan the CEO of Infosys and it was really nice of him to share a few stories on the mentors he remembers from his life. There were were many points that is worth mentioning from his talk. Here are the few.

• You need a lot of patience in entrepreneurship. You have to aim to be there for a long time. 
• Plan out your business roll out in phases. 
• Any good organization has to develop and groom its leaders internally.
• Accidental entrepreneurs are rare. If you want to be accidental, might as well buy a lottery. 
• When you are in the business scaling phase, you need to identify the multiple engines of growth and work on them equally. 
• You need to identify what is the predictable revenue source and can you generate that over a period.
• In most startups the fallout happens in the transition phase. 
• Its only when the operational load sets in that people start seeing the burden and often it results in  fallout. 
• One has to have the vision of creating the instituion. 
• The goals of building the institution has to be larger than the goals of the individual. 
• You need to constantly research to create new products and services. 
• If a job does not give you recognition, SHIFT. 
• If a job gives you recognition, STAY ON. 
• Good work cannot be suppressed for long. 
• Think about Change and give it Time to happen. 
• Have defined and realistic milestones. 
• Have the confidence in your IDEA. 
• Get early funding and work on it.
• Don't start with your own money unless you are willing to take the risk completely, or are a rich dad's son! 
• Do not postpone discussions on matters related to Downturns, Problems and Finances within the organization. 
• The spirit of entrepreneurship in India is catching up.  
• Always evaluate Success and look into what Value you are delivering to others. 
• Do you see your other team members as equally delivering those values.
• Create new jobs and give back to the society. 
• The society respect is more than any amount of money earned.

Also met up a couple of VCs during the example mentoring session. Very interesting to hear from them on how they go about deciding whom to fund and how they verify.

The starts of this event looks promising and I am sure a lot of the IIT Alumni would benefit out of this.

Looking forward to more.