Pull or push?
I think there are 2 types of innovation - The pull, and the push.
Pull is more lean-startup. Look for the lowest hanging fruit, pluck it as fast as possible, and iterate. A consumer problem creates demand for a solution which pulls development of solution. Like Dropbox. And I think Amazon was pretty lean too.
Push, on the other hand is more like traditional research. Someone feels Solution X will benefit the world, builds it and pushes it into the market. Like Tesla, SpaceX.
The "Small Data" problem
I have written about the need to consolidate the crazy amount of information available at our disposal these days. In fact, companies like Google make their living from analysing and “understanding” the ridiculous amount of information they gather, and this has led to some pretty powerful techniques and tools being implemented.
On the other hand, there are also instances where there is not enough data to analyse. Or worse, there is partial or incomplete data. Two instances of this are the medical industry (we are working on this at Klinify). The other is personal information. Sure, there is enough information to track a person (and have everyone screaming about privacy), but if I want to objectively understand myself using data, do I have enough information to do it? There is a lot of focus on this and we are making progress with the surge of wearable technology, but the data gathered isn’t really enough. I think it is something worth exploring!
We are now a funded startup!
We just raised our seed round at Klinify (http://techcrunch.com/2014/02/03/klinify-raises-600k-seed-round-to-build-an-evernote-for-doctors-in-south-asia/). It has been in the works for a while, nice to make it official now!
So what has changed?
1. I can stop freelancing / borrowing / begging to pay my bills and focus full time on Klinify. This happened a while ago, and it is very liberating to be able to put all your brain power into the 1 big thing you are building.
Stress is in the mind
http://www.ted.com/talks/kelly_mcgonigal_how_to_make_stress_your_friend.html
This is very interesting. She says the effects of stress depend on how you think about it. I completely agree. I believe our mind has a way of controlling and influencing our body. A lot of these responses are unconscious but it is possible to reprogram it to our benefit. Stress is a beautiful example.
I am sure we have all had scenarios where a little bit of stress has increased our performance dramatically and also helped us feel better. At the same time stress has also crippled our ability. The difference is in our attitude and how we think about the stress - which is very much in our control even if its seems difficult to tame at times.
Taking stands
To continue on the previous point on black and white, consider this announcement:
http://open.bufferapp.com/introducing-open-salaries-at-buffer-including-our-transparent-formula-and-all-individual-salaries/
Buffer has decided to be completely transparent about their salaries. This is pretty extreme. We do not know what the repercussions will be or whether it will pay off in the long run.
But what is inspiring is that they took a stand and took it all the way! It shows their commitment to transparency, and it will attract more people who value transparency and further strengthen their culture.
Black, White and Grey
The world is almost always grey, is it not? Events are relative, opinions are relative, and Einstein says even the most basic “facts” are relative. So, is there any use of having strong absolute opinions?
I think the purpose is to trick our brain. Absolutes lead to conviction. And conviction, I feel has led to greatness. A lot of people who dramatically changed the world were completely convinced of their ideals and approach and this gave them the push to change the world. If they had doubts, they suppressed them. Or convinced themselves that the doubts were unwarranted.
Making open offices work
Seems like “studies” show that open offices don’t really work.
From my experience playing around with our open office structure, they promote spontaneous interaction and help generate ideas which can be quite important in a small company.
However, precautions need to be taken to maintain balance and avoid disruptions, especially to people in the maker’s schedule.
Strategies that worked for us:
- Passing the cost of disruption to the disruptor. Post-it notes passed on with a “Need 5 mins for X” do this nicely. The “disruptee” can then attend to X when convenient.
- Split offices, one for each kind of schedule (we are beta testing this). Interaction needs to happen in other ways though. You don’t want to completely separate your team.
If it disagrees with experiment, it is wrong!
A beautiful description of the scientific method:
He doesn’t say, “if it agrees with experiment, it is right!”. He says, “If it disagrees with experiment, it is wrong!”
We make this mistake many times - finding some pattern in the world that matches our hypothesis and then accepting it as “proven”. To gain true understanding, we ought to look for patterns that go against our hypothesis.
120 words, thrice a week.
I want to become better at evaluating and consolidating the information I consume. And big goals require effective processes to support them
Hence I have started a series of blog posts. The rules are:
- Post length is limited to 120 words (to make me think and consolidate),
- Every post expresses 1 idea / view point.
- 3 times a week to create a habit.
Let’s see how this goes!
Wisdom from Elon - Part II - SCurve and Prediction
Around minute 34, he mentions the popular “S” Curve of technology life cycle (http://en.wikipedia.org/wiki/Technology_life_cycle#The_four_phases_of_the_technology_life-cycle).
What I thought was an interesting angle was how that affects estimates. By default, we extrapolate trends linearly. And that has an effect on our predictions when the rate of change is changing. We underestimate new technology and over estimate mature technology. Something to be mindful of!