Posts Tagged ‘startup’

Ex-Google China Chief speaks on mobile internet, cloud computing, ecommerce

Monday, September 7th, 2009

It’s Labor Day, I’m still groggy from just waking up .. but this is a good piece worth sharing here if you’re looking for opportunities, and focused on mobile and cloud computing. Google’s China chief Kai-Fu Lee just left Google (some of us recall this as it was a controversial high profile hire because Lee was poached from Microsoft). Here’s what he is up to next, and his words from an interview with peHUB.

There is a confluence of several things happening in China, and we’re at an inflection point of mobile Internet, cloud computing and ecommerce. It’s really now or never.

There is an abundance of companies here and VCs have lots of money, but there is a lack of angel funding and experienced entrepreneurs. It’s a compete imbalance. Whatever you might think of Y Combinator or Idealab in the U.S., the China market is different. China needs this type of business-building platform to hire and train people and provide angel funding, which is scarce.

There also is a worldwide economic crisis, which means that there is a bunch of strong talent out there that we want to hire, in order to start a lot of exicting businesses.

On why it’s “now or never”, he says,

Ecommerce in China has gone from 7% adoption to 25% adoption. Payment capabilities are just happening. Really, it’s a lot like the late 90s in the U.S. Remember how quickly Amazon and eBay and even Google search took off? You have to imagine the current Chinese Internet as news and games and blogging, but a big shift is inevitable. The average Chinese Internet user is just 25, compared to 42 in the U.S. That means they are getting older, getting more money, getting married, having kids… A rising ecommerce will lift all boats.

In terms of mobile, there are 650 million cell phones in China and mobile Internet usage is growing like crazy. It’s not just knowledge workers, but it’s also growing rapidly for groups like migrant workers and people making just a few dollars a day. They view it as the only way to access information, and with usage and volume a lot of things will grow.

There also is 3G, which is the one thing the Chinese government is going after and developing this year. In China, when the government wants to do something it happens.

For cloud computing: China has never really developed a software market, and what’s happening is like what’s happening in the U.S. – moving from packaged software to online or the cloud. In that process new businesses and models are starting to happen. If you look at the success of the Amazon platform or Google apps in the U.S., it will also be true in China because there are millions or people who want easy ways to build websites.

There is incredible opportunity right now.

Via peHUB.

Excerpt: Larry Page’s Commencement Speech

Sunday, May 10th, 2009

Full post can be found here.

You know what it’s like to wake up in the middle of the night with a vivid dream? And you know how, if you don’t have a pencil and pad by the bed to write it down, it will be completely gone the next morning?Well, I had one of those dreams when I was 23. When I suddenly woke up, I was thinking: what if we could download the whole web, and just keep the links and… I grabbed a pen and started writing! Sometimes it is important to wake up and stop dreaming.

I spent the middle of that night scribbling out the details and convincing myself it would work. Soon after, I told my advisor, Terry Winograd, it would take a couple of weeks to download the web — he nodded knowingly, fully aware it would take much longer but wise enough to not tell me. The optimism of youth is often underrated! Amazingly, I had no thought of building a search engine. The idea wasn’t even on the radar. But, much later we happened upon a better way of ranking webpages to make a really great search engine, and Google was born.When a really great dream shows up, grab it!

When I was here at Michigan, I had actually been taught how to make dreams real! I know it sounds funny, but that is what I learned in a summer camp converted into a training program called Leadershape. Their slogan is to have a “healthy disregard for the impossible”. That program encouraged me to pursue a crazy idea at the time: I wanted to build a personal rapid transit system on campus to replace the buses. It was a futuristic way of solving our transportation problem. I still think a lot about transportation — you never loose a dream, it just incubates as a hobby. Many things that people labor hard to do now, like cooking, cleaning, and driving will require much less human time in the future. That is, if we “have a healthy disregard for the impossible” and actually build new solutions.

I think it is often easier to make progress on mega-ambitious dreams. I know that sounds completely nuts. But, since no one else is crazy enough to do it, you have little competition. There are so few people this crazy that I feel like I know them all by first name. They all travel as if they are pack dogs and stick to each other like glue. The best people want to work the big challenges. That is what happened with Google. Our mission is to organize the world’s information and make it universally accessible and useful. How can that not get you excited? But we almost didn’t start Google because my co-founder Sergey and I were too worried about dropping out of our Ph.D. program. You are probably on the right track if you feel like a sidewalk worm during a rainstorm! That is about how we felt after we maxed out three credit cards buying hard disks off the back of a truck. That was the first hardware for Google. Parents and friends: more credit cards always help. What is the one sentence summary of how you change the world? Always work hard on something uncomfortably exciting!

As a Ph.D. student, I actually had three projects I wanted to work on. Thank goodness my advisor said, “why don’t you work on the web for a while”. He gave me some seriously good advice because the web was really growing with people and activity, even in 1995! Technology and especially the internet can really help you be lazy. Lazy? What I mean is a group of three people can write software that millions can use and enjoy. Can three people answer the phone a million times a day? Find the leverage in the world, so you can be more lazy!

Shai’s Divide and Conquer!

Monday, April 13th, 2009

Shai Agassi is a real genius—one of my rock stars that I’m just dying to meet. I’ve already got to meet the other big name in electric cars, Elon Musk from Tesla.

He has said before that he’s good at break big problems into smaller problems, solving the pieces, then aggregating the results. I’m not familiar with his work at SAP, but clearly he’s proved this with his divide-and-conquer approach to problem solving here. Computer scientists make some of the best problem solvers out there.

In this TED talk, Shai talks about a shift in thinking: viewing the electric car’s battery a discrete unit that’s interchangeable, vs. today’s mentality where the car is one with the fuel tank (who would buy a car without a fuel tank, or vice versa?)

I’ve previously blogged about unbundling production from delivery before with examples of Amazon.com and it’s IT infrastructure, mobile phones as a poverty buster, and this is kind of like that, but with other concepts tied in – e.g. subsidized pricing (e.g. like how cell phones are subsidized by carriers).

The analogy Elon Musk uses (I can’t find where he said this, but I swear I remember him saying this), is like air travel today. I can fly to Europe from California for $500. But that’s because I’m not the first person to ever fly on that plane, nor will I be the last; the same air plane gets reused over and over for many flights. The point here is that the owner of the plane doesn’t have to recoup the cost of the plane with a single flight, it is done over a period of time. The higher the utilization rate, the faster they recoup the investment.

That’s why Elon’s SpaceX goal of building a reusable rocket is so revolutionary (most people don’t realize this) and is an important step for man-kind. Imagine being able to fly to the moon or other planets in our solar system for the price of a flight ticket?

Back to Better Place. In Shai’s talk, he shows how battery for electric cars follow a Moore’s law-like curve; battery prices will drop as its technology increases. By unbundling the ownership of the car and the battery, you can increase the utilization rate per battery which result in people owning these cars having access to the latest and most efficient battery at that time (vs. someone stuck with the same battery for the lifespan of the car). Small but important point.

Shai’s a very cool guy who is literally, changing the world. I’m a big fan.

Check out his TED talk if you haven’t already!

STOP THINKING AND START WORKING

Wednesday, February 4th, 2009

Hah .. the title of this post is not the result of a broken caps lock key. It’s a direct quote that I’m stealing from my now-colleague, Carl Mercier. Carl is the founder of a startup named Defensio, that my current employer just recently acquired. In a post-acquisition interview on StartupCFO, he said,

I think the best advice I can give to entrepreneurs is STOP THINKING AND START WORKING. I’m one of those guys who’s afraid to fail. I hate losing. I used to try to come up with the perfect idea and the perfect business model. Obviously, it was never quite as good as I wanted it and I was never starting anything. Not starting meant not failing: it was my comfort zone. But not starting also means not winning. It’s very cliche, but your original idea really doesn’t matter. It’s all about execution and being able to seize the opportunities that arise.

I’m a thinker, planner, strategist, but often I get stuck in the planning phase because I want to get it soooo right, the first time round. Dare I say I’m a perfectionist? I certainly don’t think so (and certainly don’t want to be one!)—but then again perhaps it’s my blind spot. I just don’t want to do a sloppy job. I can live with “good enough”.

This interview made me realize that Carl and myself had rubbed shoulders at least once before at Y Combinator’s Startup School @ Stanford, just last year. We just didn’t really know each other then. Certainly happy to know another YC SUS gang at the work place. What a small world! :)

I actually really like this quote. I’m posting it here, also to remind myself .. that subconsciously, maybe I’m just afraid to fail, as much as I convince myself that I’m not, and that I just need to get the hell out there and execute. I like it also because it hurts a sore spot.

As my Practical Product Management teacher John Milburn would say, “it ain’t worth a flip if you can’t prove it.”

p.s. Carl—By golly I swear I will make it to the cool kids pre-SUS robot party ;) See you there!

Lying is ok. Guy says so. I guess. That’s all I need to know.

Thursday, October 23rd, 2008

Q. You dedicate a few amusing chapters in “Reality Check” to lies told by entrepreneurs, venture capitalists, lawyers, engineers, business partners and C.E.O.’s. With all this rampant lying, are you suggesting that artful lying and lie-detecting are part of the game that entrepreneurs need to master?

A. If an entrepreneur’s lips are moving, she’s probably lying — though she may not know it. Part of being an entrepreneur is that you have to lie — first of all to yourself. You have to tell yourself that you can create something, people can build it, customers will buy it and you can collect the money.

If you cannot ignore the naysayers who tell you that it can’t be done, it shouldn’t be done, it isn’t necessary, you can’t be an entrepreneur. One of the best ways to ignore is to lie and deny.

The challenge is that once you do ship, you have to remove the lie-and-deny shields and listen to what your customers are telling you. Flipping this bit is one of the hardest things for an entrepreneur to do.

From The Care and Feeding of Entrepreneurs on the NYTimes.