Cost of Innovation

Today Innovation seems to be in everyone’s vocabulary and its not going anywhere as far as business is concerned. Innovation seems to have replaced a bunch of words like creative, alternative, new, different, never thought of…so on and so forth.

So, who is to be blamed?

Businesses have been working hard for many year to come up with new and ground breaking ideas for centuries. But in the last…

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This Generic Brand Video Is The Greatest Thing About The Absolute Worst In Advertising

Stock footage brand Dissolve puts its product to good use to call out lazy marketers peddling empty ideas. 

It’s just perfect. Everything is in there. The scientists with beakers, synonyms for progress, powerful rushing water, a baby, a blue-collar guy with dirt on his face, time-lapse footage of a city at night. Since the dawn of time, these have been the images used by marketers who just didn’t quite manage to have an actual idea. The images, when combined with a solemn voiceover, form the basis of one of the most enduring, and enduringly bad, ad templates—the old “shoot-the-brief montage.” Recently, it seems as though more and more advertisers are reaching for this chestnut, so this parody comes at a particularly good time.

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Introducing Nexnote

I have been working on this hobby project for sometime. The project is an iOS App called Nexnote and hope it will be useful to you as it’s been for me. 

Problem:
For me as I take notes I always wanted to know more about a subject that just poped in my head or a topic I’ve been researching on. So I close my app and open up Safari/Chrome and search for it which I find quite cumbersome.

Solution:
Nexnote is built around this simple premise of integrating your Notepad to Search Engine, in this case Google. 

Now with Nexnote all you need to do is select the text you typed and Google will appear in your pop menu. By selecting it, you will immediately have an inbuilt browser pop up and Voila! Your research mode in ON!

Link:
Now available for both iPhone and iPad. Here’s the link to the App : http://goo.gl/zlCPAJ

Keep in mind, it’s still in BETA and I would love to hear from you :)

Why I love building things and it’s about to get tough

As a regular guy who loves technology, you will always find me reading tech news to product reviews.  All this was in search how of todays technology landscape is going to solve my problem or better my lifestyle. 

The Project

I always loved building things, especially in the software side as its easy to make and deploy. I have been working a project recently, which is basically a notepad app that has an inbuilt search engine. I realised that when I was in University that I would take down notes and sometimes would like to know more or validate certain information. But I realised that often I had to open another app to surf and get the information I need and copy it back to my Notepad for future reference. Its messy and stone agey. 

So i worked on a solution;

  • Select a text which I wish to know more about. 

  • "Google" the selected text with a click and voila!

and Copy it over with ease!

The App is called “Nexnote” and is in process and hopefully will be approved by Apple in a couple of days. I’ll post the link when its up and please let me know what you think :)

The Future

But is this just enough. Take for example Google Now, I never thought I would need  a personal assistant telling the best time to leave in order to reach my next appointment is now or local weather shows it will be raining today afternoon. I never imagined a day would some where services would come about by just making sense of millions of data I’ve been putting online. Technology is moving from a mere data feeder to an intuitive very personal digital assistant (not the PDA of the 90’s). 

With the emergence of Machine Learning, Data Science and Analytics, we are seeing a trend of people and companies figuring out ways to make our lives better. If I just look at the data I keep feeding from Apps like Facebook & Foursquare to Devices like my iPhone & Fitbit, I can only imagine the kind of services that are about to come in the next 5 years.

Of course there’s a dark side to all of this but I believe the regulators will take care of it.

Things to do

If you are technology company and love building things for people do products that are intuitive and insightful. Do not waste your time building another product that all it does is input. 

6 types of CEO’s to avoid

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This post is an exerpt from Piyush Chaplot’s blog.
I felt like I have mined a bitcoin when i recently came across this interview with Tom LeFevre, co-founder of Intuit on assessing startup CEOs. Link here for detailed interview.
He highlighted six types of CEOs to avoid while investing - Functional Vice-presidents, Researchers, Inventors, Fund-raisers, Small businessperson, and Corporate Executives.
 
The first three types he called “not” CEOs because they lack general management skills. The remaining three types he called “flawed” CEOs.
 
1. Functional VPs: who were successful but never made the transition to CEO. When these CEOs encounter a business problem, they try to solve it using their functional skills. As an example, a CEO who had been a vice-president of sales in his past life, approached every problem by trying to get more sales. His company’s problem was in operations. Sales volume was already more than the systems could handle, so more sales orders just made the problem worse. But this CEO couldn’t make the transition from functional expert to general manager.
2. Researchers : Their passion is investigating the technology. The product never gets finished because there is always some issue they want to go explore. They spend their time and resources on that instead of commercializing.
3. Inventors : They like to invent things and may even come up with products, but they have no interest in commercialization.
4. Fund-Raisers: These people are really good at raising money for their company, but they aren’t very good at running the business. They don’t understand the customers. Products don’t get done; revenue progress is weak.
The CEO is so good at selling the potential. There hasn’t been a down round, but we’re unlikely to ever see returns.
5. Small Businesspeople: These people have the CEO title and they sort of function as CEOs, but they don’t really do the job. Either they lack focus, have low potential, or they can’t scale. These CEOs can manage a seed stage startup with eight or ten people in one location but are over their heads once the company starts to gain traction and grow.
6. Corporate Executives: They typically don’t understand the importance of cash in a start up and require high overhead to function. The company will end up with four “C” level executives, three vice-presidents, and twenty-eight managers in a low margin hundred-and-twenty-person company.