Tag Archives: entrepreneur

Why not join with a startup idea?

Idea vs Execution

Idea vs Execution

Just found a brillian post, says all I need to say for most of my friends or people. And a good advice to people, please think through and not so disappointed if some developer does not want to go with your idea. The #1 item is the most important thing, imo:

  • Ideas are easy, execution is hard.
  • People approaching developers often dramatically underestimate the amount of development work, or the complexity of it.
  • Proposing a revenue share means the developer has to take as much risk as the idea guy (for very low pay, given the point above), and trust that the business will receive the right amount of marketing/sales follow-through.
  • There’s an opportunity cost to working on someone else’s idea instead of for paying clients.
  • The idea being proposed is often very unrealistic (and the developer, having worked on a number of such ideas, can tell).
  • Developers have their own ideas to work in anyway.

Communication problems between distanced members

Misunderstanding

Lacking communication….

If money is your startup’s problem, you should open a branch to outsource some development work into cheaper countries, like Vietnam. Then, you would exchange 1 problem with another, probably harder than you thought.

Communication: this is a key. Effective, efficient, going into the right way. In startups, there are much less time for documentation. Things have to go really fast, features after features, products after products. It is much better for startups to go fast, try with different ideas until they get it correctly. And when they get the idea correctly, it is time to execute, as fast as possible to get the products into the market. Distance difference is a main barrier for communication, talking over Skype feels very different from talking face-to-face. Another barrier is time difference.

The time difference between Vietnam and America is huge, 10-15 hours time difference. When the Vietnamese developer wakes up, their colleague sleep, and vice versa. I have seen some approaches to this problem: scheduling out some fixed time in the day or week, to meet, or someone has to sacrifice. The first one is not normally working for startup when lots of communication needs to happen. The second one will not last for long.

Education would be the next wave

This is our research about the electronic education market, as the CMU Assignment

To look at the whole report, you can read it from here:

In short, we are seeing the new trends in technology, business, politics and market landscape is moving to allow better competition and creates better platforms.

In technology, we have better network bandwidth, better cloud computing, better consuming device (ipad/iphone) and better content generation tools like iBook Author.

In business, we have seen recent trends in education, from traditional education, to distant learning with the materials downloaded/sent to you via DVD, and then to e-learning when you can get interactions with teachers in the online place. The e-education would bring it further, to help you with more interactions with the teachers, with other students, and you can study wherever and whenever you like.

Steve Jobs: What I feel about him

Steve Jobs

Steve Jobs

I finished this book quite a time ago, but I didn’t feel to fully understand and let all the information and knowledge penetrates into my mind. There are conflicts, there are debates, there are loves and hates from everybody. It is so easy for people to judge emotionally and I didn’t think that I understand everything to start writing it out.

There are many lessons inside this book, and each single person takes his own belief from the book. I have my own lessons, hope that it is not emotionally biased and spend time thinking through it for a while.

 

 

Autocratic, it is so necessary in the success of the company. People may believe that Steve Jobs was fired due to his wrong approach of management or people favored a salesman too much more than the product guy. I think it was mainly an organization politics problem, Steve Jobs was right but he did not get enough power and networks to back him up. I believe in his autocratic, as much as I believe in Mark Zuckerberg’s autocratic system. Forecasting an uncertain future is too hard to convince everybody to follow the leader. It is wasting both time and efforts. It was a quite shock for me while reading this article. I agree with the Jeff Bezos’s style of management in this article: https://plus.google.com/112678702228711889851/posts/eVeouesvaVX

Steve Jobs is not a genius, sorry for any of his fans. I don’t underestimate his talents and efforts but no success comes overnight. He was in a hard time after leaving Apple, building NeXT and then Pixar Animation Studios. There were up and downs in his life but he chose to stick into his core value and keep moving forward with innovative ideas. He has a great mind to recognize the great ideas, a great mind on how to make a product perfect. People may say that many ideas are not original by him. If they look deeper into the product development process, there are 2 things people must understand: the possession feeling and a great care of details. I love the ways Steve Jobs take an idea as if it is his own, as if it is his baby. That’s how passion and great care for the products are made from. If the product manager doesn’t have the feeling of the product as his own. Steve Jobs took this possession to a great level, and ignores the original owner as a whole.

The last great thing that I learn from Steve Jobs is details matter, a lot. I learnt from my own product development, from writing my own book. Details matter, a lot. People may not care about how great most of your works are, but they quickly recognize your mistakes. It is part of how people’s psychology works, they would assume you need to produce a great product so the great parts are normal. And negative emotion has a bigger impact than positive emotion.

 

My 1st lesson – Altitude

Second Prize Medal

Second Prize Medal

The picture is the medal that I got for the Second Prize in Ho Chi Minh city Mathematics Olympiad. It has always been in my desk since that time. Not because it is the greatest thing I have ever done. It is there to remind me of one of the biggest failure in my life. It is there to remind me what I did and felt when I was in 11th grade.

 

 

 

 

My feet were off the ground
The second highest winner in the Southern Mathematics Olympiad turned out to be a bad motivation for me. It killed my love with maths. It made me feel that I am too special. It made me overestimate myself. I believed that I couldn’t fail. That was a big mistake.

I didn’t prepare well enough and didn’t try hard enough on the next city contest. The result is: I couldn’t step into the next round. My friends and family wouldn’t know what happened. But I knew what was wrong. I put myself off the ground!

This failure led to the next big failure.
Depression

Now, imagine that everybody is looking at you; the next second, nobody gives you a shit. That was what happened to me. I felt totally useless and lose my orientation. I did not know what to do next, if I should continue studying maths or focusing on other subjects to pass the university entrance exam. I did not know what to do when losing all the attentions people gave to me. I was thirsty for that fame.

This made me lost my focus, forgot what was good for me, what I would like to do. It cost me 4 months living in jeaulous feeling with winner guys before I could realize what was meaningful to me. It was maths! Not the prize, but maths! I felt good that I recognized it early enough to be back on the right track and focus on what I love.

Both of them gave me a difficult time, and always kept reminding me of what is my true value, what I should aim for.

The purpose of this post is to try to remind me of what happened in the past. I know that people are talking a lot about me right now, but keeping my feet on the ground, being focused on my long term goal was the highest priority work.

High Risk – High Return

The best way to predict the future is to create it

The best way to predict the future is to create it

People always say about how passion can make you successful, and there are plenty of books around that topic. So for now, I will just look at the problem by some limited financial perspective: High Risk, High Return. Well, all financial guys know this theory, huh? So, I just try to see what I did and achieved in these terms.

Since I was in high school, I started thinking about what would motivate me, what would make me feel good when I did something. I preferred taking risks to get a really good outcome rather than staying and following a safe path since my high school. Until some recent days, I recognized that this is the only way for me to get an excellent outcome in a short time. High Risk means High Return.

 

The Safe Zone

There is not much fun and passion if I just stay in my safe zone. Everybody does that, there is a safe way for you to go. And most of the time, I feel bored with going that safe way. Passion is important, but I feel that if I don’t go further and take some risks doing what I love, I don’t love it enough. Is it so much fun if you always know how the future works?

Passion will always give you to the edge of the safe zone, you can understand and see further than other people. Now, the thing is that you need to step out of that safe zone and take risks. If you are really passionate about something, do you want to see it become a huge success. If yes, make it! make the future!

The best way to predict the future is to create it.

Since the beginning of my career, I started asking myself “What to learn next in the IT career?” and how I can predict the future of this IT industry. And then, the more I move forward into the career, the more I know that the best way to predict the future is to create it. That’s why I get more involved in what I love and believe, joining open source community, try some start-up and cutting edge technologies.

No surprising, one of the most risky situation in IT is to try to invent some new product. People may or may not adopt your product, you may not find any users. And nobody may believe in your idea except yourself.

Try, Run, Fail and Motivate

,Running And Failing

Running And Failing

I am extremely happy these days, I got a full scholarship of CMU – the first one I got after, uhm…, 10 or more scholarship submissions. This one goes by some luck. You may not believe in that, I don’t either till it happens. I started applying and the decision is out for less than 2 weeks and I had no plan for this scholarship until the chance came and I took it seriously. Here are 3 things I learnt from this happy event.

1/ Keep trying, you do not know what happens next.

Some people love perfection and are scared of failures to try. In many cases, trying does not cost you much except, some money and efforts and in some cases, it is free to try. One important decision I made is to talk and then email CMU representatives to ask some information about my specific case with important background. That let me know some important information about the admission process and I took advantage of it successfully.

For things that are uncertain, the only way you can be sure about is to try it. Start up, scholarships and R&D job is like this. Sometimes, things go out of your hand and strategy, then you just keep moving fast to the next goal.

2/ Everything you do, either succeed or fail make you one step further

I am happy that I tried to apply for President Award of RMIT Vietnam although I didn’t get it. It was a huge step preparation for me for the scholarship. There is no way that I can prepare all documents like transcripts, recommendation letter in around 3 days without any earlier work.

Another thing that I learnt from the fail of President Award is that my approach is kind of not correct. I tried a with a crazy approach in the award essay just to see what happens. And, I think the result gives me some feedback over the approach for the next one.

3/ Fail and run again

I mean RUN, actually run not just to go ahead step by step. I am willing to fail while I am running rather than moving slowly to the goal without any failure. For some people, failure is not an option, you are not allowed to fail. However, in my opinion, passionate is necessary but not enough for people to be successful; sometimes what matters is to keep the highest motivation for long time. Only challenges keep me motivated and moving with my best skills and efforts. That’s why I love the Google quote: “Achieving 65% of the impossible is better than 100% of the ordinary” (Don Dodge’s blog) . Here is what you get from that kind of fail, you know that you did a great thing, you are motivated about what you do all the time and you know you are doing something only a few, the best people can do.

And I always remember the Edison quote, you don’t fail 1000 times, you just found 1000 ways that things do not work, and I am happy to get a confirmation if a way is a fail as soon as possible.

CMU Students

CMU Students

Just some information about CMU and my courses there:

- Top 6 in 2008 in Engineering and IT QS World University Rankings

- Top 12 in 2010 in Engineering and IT QS World University Rankings

- #1 in Computer Science Schools (US News and World Reports)

I hope that this is a great step to the next big goal:)