It is already 17B and growing. CB Insights projects it will be a 33B industry by 2022. The halo days of proprietary software is limited and Open Source captured the imagination of developers all over. Companies like Microsoft, Google, Redhat make large contributions to open source softwares. The criticality is evident from the Microsoft’s acquisition of Github for 7.5B in 2018, the largest in enterprise software in history.
Kristin Wong wrote this interesting article for Lifehacker on the big timewasters most of us indulge in and come to regret. As we grow older we seem to recognize some of these and make amends perhaps. But recognizing these and adapting to these early can make a lot of difference to ones productivity.
You would wonder if all seed stage startups are created equal. Well they are not. Investors always found a flavor of the year in most positive investment scenarios and backed ideas that seemed right for some disruptive value with the potential of a hockey stick growth. Fintech, Blockchain, AI/ML – you get the drift.
Michael Tannenbaum is not only the CFO of Brex the new credit card in the block, but also heads its marketing. A rare if not odd combination. How did that come about? Well as he joined Brex, “I started running it right away because we needed someone to, and I had seen success in marketing at SoFi.” he told host Tara Larson in this immensely educative episode of Inside Intercom Podcast. The episode is a great listen at 32 mins.
Apparently Albert Einstein famously said “the person who has not made his great contributions to science by the age of 30 will never do so.”
Albert-László Barabási is a Physicist, the author of the book ‘The Formula’ and a pioneer in network science. In this very interesting TED talk he disagrees and unravels the inner workings that drive success irrespective or your sphere of work and unveils the connection between age and success.
Albert Laszio got interested in the network effect on success and started with some very accurate predictions of ‘the success of an artist if you give me the first five exhibits that he or she had in their career.’ Although our understanding is that success is intrinsically linked to performance but the truth is ‘ ..performance is what you do: how fast you run, what kind of paintings you paint,’ while ‘..success is about what the community notices from what you did, ..how does it reward you for it? In other terms, your performance is about you, but your success is about all of us.”
All in all it is a fascinating take on input and output. Well Success is not an output but a perception of what the output is worth assigned by the rest of us.
Where I learnt it #219
What can we learn from people who succeed later in life? https://ideas.ted.com/what-can-we-learn-from-people-who-succeed-later-in-life/
According to CB Insights there are 361 Unicorns in the world. A recent report in Strategy + Business reveals China has about 200 startups less than 10 years old and have valuations of 1B or more. 70% of them are preparing to go global.