Feeds:
Posts
Comments

Archive for the ‘Twitter’ Category


For people who don’t know IPL, IPL is today’s money making machine in the sports arena. IPL aka Indian Premier League is the largest sports (cricket) entertainment in terms of money and entertainment. Now, the idea of IPL is not new. It exists in various forms of other games like basketball (NBA), soccer, football (NFA) and many more. So, what makes IPL the most popular game.

  • Cricket: Cricket is one of the craziest games of many countries especially in Asia. Go to any nook and corner of the countries like India, Pakistan, Bangladesh, Sri Lanka and you will find kids and people playing cricket with a bat and ball. Very few them make it to the playing 11 of the team but to be 11, is like a dream come true for anyone. In India, cricketers and film stars are like demi-gods. If one legend dies, the whole country goes down in no time. If India gives one bad performance in a cricket match, the effigies are burnt. One would be surprise to know that we have temples to worship cricketers and film stars. Moreover, IPL paved the way for shortest version of cricket games: 20-over bringing the excitement right onto the audience
  • Entertainment: Cheer-leading has never been a profession earlier in India but it is one now. How can someone forget the Knight Riders’ team Cheer-leading Reality Show. Additionally, not to forget the eminent filmstars associated with IPL: Preity Zinta, Shilpa Shetty and many more. Not to forget how dozens more flock around during the matches to promote themselves and their movies.

The marriage of above two fields. Cricket and Entertainment was deadly and that drove the whole nation crazy. Of course, one might say the business model is not new. There is nothing innovative. Of course, yes. I do agree but then no one introduced the concept better than IPL. And let us accept the fact: almost all our business models are the borrowed concepts from abroad: well tested and proven because we, Indians,  (most of us) are not risk-takers by nature.

Today, IPL has emerged as the biggest and largest money spinner in its genre in the sports domain surpassing all NBA and NFL. Last year, its brand value was estimated to be $4.13 Bn and with the addition of two new franchisees, it is going to be more this year. Let us look at the some of the auction highlights of this year:

  • A total of 127 players were sold in the two-day auction at the ITC Gardenia hotel in Bangalore, while 12 players were originally retained by the franchises ahead of the auction.
  • Deccan Chargers have 14 players, spending $6,875,000 and keeping $2,125,000 still to spend. Dale Steyn ($1.2 mn) and Cameron White ($1.1 mn) were the costliest players for the team.
  • Kolkata Knight Riders have 12 players, spending $8,575,000 and keeping $425, 000 still to spend. Gautam Gambhir ($2.4 mn) and Yusuf Pathan ($2.1 mn) were star cricketers.
  • Royal Challengers Bangalore have 16 players, spending $8,640, 000 and keeping $360,000 still to spend. Saurabh Tiwary ($1.6 mn) and AB de Villiers ($1.1 mn) were top fetchers.
  • Mumbai Indians have 12 players, spending $8,520,000 and keeping $480,000 still to spend. Rohit Sharma ($2 mn) and Andrew Symonds ($850,000) rocked the table for Mumbai Indians.
  • Sahara Pune Warriors, the new franchise, have 14 players, spending $8,070,000 and keeping $930,000 still to spend. Robin Utthappa ($2.1 mn) and Yuvraj Singh ($1.8 mn) were their prized possessions.
  • Team Kochi, another new franchise, have 17 players, spending $8,640,000 and keeping $360,000 still to spend. Mahela Jayawardhane ($1.5 mn) and Muttiah Muralitharan ($1.1 mn) were the costliest players.
  • Delhi Daredevils have 17 players, spending $8,250,000 and keeping $750,00 still to spend. Irphan Pathan ($1.9 mn), David Warner ($750,000) and Umesh Yadav ($750,000) were star cricketers bought.
  • Chennai Super Kings have 18 players, spending $8,615,000 and keeping $385,000 in pocket. R Ashwin ($850,000) and S Badrinath ($800,000) were top fetchers.
  • Rajasthan Royals have 8 players, spending $6,195,000 and keeping $805,000 in pocket. Ross Taylor ($ 1 mn) and Johan Botha ($950,000) emptied their suitcase.
  • Kings XI Punjab have 11 players, spending $6, 945, 000 and keeping $2,005,000 in pocket. David Hussey ($1.4 mn), Adam Gilchrist ($900,000), Piyush Chawla ($900,000), Dinesh Karthik ($900,000) were their prized possessions.
  • Rajasthan Royals were allotted budget of $7 million because of Bombay High court order.
  • Koklkata Knight Riders were constantly on the news: for picking up Gautam Gambhir for a record money and then not taking the star player of the region and former Indian Cricket team Captain, Saurav Ganguly.
  • Saurav Ganguly, Brian Lara and Chris Gayle went unsold. More than Brian Lara, this IPL auction put a BIG DOT on the cricketing career of one of the most successful Indian Cricket team Captain, Saurav Ganguly. Media left no time to make a fuss about the situation and broke hell on Dada. Most surprisingly, can Kolkata Knight Rider play without Saurav Ganguly in the player’s hometown itself? I guess yes, because this is India and lets be honest, we take few seconds to make a star and few seconds to bring someone to ashes.
  • The another aspect of auction side of KKR is: If I am not wrong, they are the only team to have broke even and into the profits. Don’t forget that they have never qualified for the semi-finals and have been one of the worst performers in the league. The credit goes to the King Khan of Bollywood, their franchise owner, Shahrukh Khan. Personally, I don’t like him or his acting but I love his presence of mind and his sheer attitude and marketing skills inspire me a lot. Remember, those xxx energy drink or the cheer-leading Reality show, SRK rocked the IPL with his own presence. SO, why KKR needs to play when both franchise owners and players are happy earning money without winning matches.
  • Personally, I feel Team Kochi made intelligent buys and did not put in money anywhere where the stake was too high. A lesson well learned from the Deccan Chargers from the past.
  • Anil Kimble made a smart move by opting himself out of the auction at the right time. Prestige and honor kept intact and he also got to mentor the Bangalore Royal Challengers.
  • Rahul Dravid, another star player of Indian Cricket team, just escaped the fate of Saurav Ganguly when he was picked up but it is a YELLOW light for Dravid. Be careful for the next auction.
  • Youngsters from India and abroad made the most out of this auction. A lot of unknown names got picked up over well known names: a very good positive sign. I am a strong believer in the power of fresh blood and Ia m sure some of them are going to make their dream run this IPL. Best of Luck to all of them!!!
  • Last year, IPL debuted on youtube, live streaming all matches. I expect this year they should live tweet also 🙂
  • IPL3 also debuted on movie theaters, showing the IPL matches live in the multiplexes. So, I guess you can grab your popcorn this year too.

IPL4 is going to have more matches and it is going to get bigger and better. I have always been a strong fan of Mumbai Indians and I am going to stick to my team this year too. Who will win IPL4? What do you think?

Just sit back, relax, get your popcorn and enjoy!!! For me, I am more interested in knowing the facts and success of both IPL4 and Cricket World Cup and we will try to bring you a post-tournament report. I am curious to co a sided-by-side analysis of the two biggest cricketing events of the year. Are you anxious? Do check back that time…

Read Full Post »


US Holidays recorded a record sales in the holidays: a whooping $32.6 bn. It is a great news especially when the economy has been struggling a lot. So, it’s definitely a great news for the business.

I visited US in 2207 just after Thanksgiving and during the New Year. I must tell that the deals during Thanksgiving, Christmas and New Year were definitely very appealing. So, I almost returned from US in a bankrupt state. but I need to blame myself and that time. First I was fairly new in my job and had hardly any savings. But what is defining the sales today is ONLINE and that is what is more exciting than anything else. Consumers don’t fear to spend money online and trust the products deliver online. There are definitely few benefits of online buying: we save a lot of money by not driving to and fro to the store, we save a lot of time by not going on a shopping. Rather I feel it takes less time to buy something online. Moreover, it is easy to view the feedbacks and reviews of products online, which is easily searchable. So, with a right kind of research, one can almost snatch a great deal of his own and no other time can beat the price than the holiday season.

On the contrast, I feel that Indian consumers are yet to embrace the online buying system. There is still so much resistance among people to buy online. I don’t have the data but if anyone can start looking for it, I am quite confident that it would not much different. Why? First, Indian consumers don’t trust the online shopping. secondly, we are too emotional people that we believe that we do better deals when we are in front of another person. And by dealing I mean the power of bargaining. I will not be surprised if any survey could affirm this. We believe in relationships more. Third and most important thing, we believe in buying things at the cheapest price possible. I would really hope that some consultancy or some MBA students could do this study. Bring a same product (lets say a car) and show it to people in different countries. I cannot comment on the psychology of people of other countries but I can definitely say that the first question that an Indian might ask is: how much it would cost me? So, it is not surprising that why small cars are so popular in India. Basically, it is not that Indians are environment friendly, it is just that we are way too price-conscious. Therefore, one can see all products having small variants available in India: shampoo and soaps to cars and houses.

I believe that the future is going to belong to the online sales. There is no denying that companies like Google and Facebook (don’t forget speculations on recent Facebook’s valuation of $50 bn) are generating such huge revenues from online advertising only. But the question would be to build credibility and confidence in the minds of the consumer. And I also believe that there could not be any better medium to do so than social networking sites like twitter and Quora. Secondly, understanding the psychology of the consumer would go a long way in the pricing and positioning the product in the a country’s market.

Source: http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2011/01/07/BUQS1H5C84.DTL

Read Full Post »


We are just few days into the new year and we are already seeing some exciting news coming. I read an article today that pointed that LinkedIn might have plans to go public this year. Honestly, I was not surprised. LinkedIn has been one of my favorite and I have gained immensely by staying in the vicinity of some amazing people. LinkedIn gave a new definition of professionalism. Recruitment took a new shape with LinkedIn and I must say that I would not be surprised to find certain job openings coming first on LinkedIn than other recruiting websites like Naukri or Monster. So, what made LinkedIn click? Let us try to understand few things that LinkedIn did great:

  • Stay connected with people we meet and interact.
  • Online references and of course, authenticity can be more trusted here.
  • Great Connectivity because one could find Barack Obama to Hillary Clinton to Bill Gates. It was phenomenal because I believe LinkedIn paved the way on which twitter attracted celebrities and legends.
  • Knowledge sharing platform across groups.

I am not a premium member at LinkedIn and hence, not the right person to comment on its premium services. But I cannot ignore the fact that it might be really good because LinkedIn generates a considerable amount of revenues from its premium users. Other than premium services, advertising is another source on which LinkedIn relies to generates its revenues.

LinkedIn claims to have more than 85 million members, which is a good number, I must say. So, what could be its value? LinkedIn never commented on its valuation and none close to it too. SharePost gives LinkedIn an implied value of $2.2 Bn. Now, I am not an expert but looking at the popularity of LinkedIn and the kind of platform it has provided to its members, I will not be surprised to see LinkedIn valued anywhere near to $4 – 5 Bn. I hope that I would have the technical know-how to evaluate a company’s profile but unfortunately, I dont’ have it now. Please don’t ignore the investment of Sequoia Capital in LinkedIn. Yes, it is the same company that invested in Google, Yahoo, Cisco, Apple and Oracle to name a few. And we all know what these companies went up to become.

Now, lets come to an interesting aspect. Why all of a sudden buzz of LinkedIn going for its IPO? And trust me when I say that LinkedIn might also be joined by twitter and Zyngya, in particular to go public. The reason is simple: FACEBOOK. The shark is in the sea and even though there are a lot of speculations of when facebook might go public, but all of us know if LinkedIn, Twitter and Zyngya don’t go public before Facebook, it might face the heat later. I completely agree with some of the experts that if Facebook goes public first, others might feel the pinch because it would be difficult to come out of the euphoria of the IPO of facebook. I can safely say that day and year Facebook decides to go public, it would be the FACEBOOK year. So, here was th news that kept everyone thinking:

“Facebook rocked the world when Goldman Sachs bought 1% stake in the company for whooping $500 mn. This makes Facebook valued at $50 Bn and yet to go public.”

Now, Facebook has mentioned of no intention of going public before late 2012 but here is the reason it might not take long. In USA, the definition of a private firm stands good if there are no more than 499 stakeholders and with Glodman Sachs’ investment, SEC has already initiated a thorough look-out into Facebook. Secondly, remember Google also never wanted to go public till Goldman Sachs invested in it and we know the history: with 10 months, Google went public. So, will Facebook follow the same route? Only time will answer the question.

To sum up, I am excited and I am more excited for these small firms, especially Facebook. A software application launched from a dormitory of a school in 2004 has today been estimated to be valued at $50 Bn. As we say the fall of 105-year Great Lehman Brothers, we also say the great Rising of Facebook. We will try to keep a close watch on the exciting developments of the social networking era 🙂

PS: Did you know Goldman Sachs does not allow to use Facebook in office? Now, will they remove the restriction after its investment in Facebook ;-)?

Sources: http://www.bloomberg.com/news/2011-01-06/facebook-at-50-billion-valuation-is-looking-more-like-tencent-than-google.html

http://www.reuters.com/article/idUSTRE7050DC20110106

Read Full Post »


Today, one of my friend, Anjali Gupta, posted a link to an article on twitter. I loved it so much that I could not resist myself from posting the a short note on it here on my blog. I am sure all of us somewhere deep down the line, will feel the same if we sit down to analyze our own life. The scenario is:

At the beginning of the day, faced with an overflowing inbox, a list of messages on your voicemail, and the to-do list from your last meeting, it’s tempting to want to “clear the decks” before you start on your own most important work. By the time you finally settle down to your own work, it could be mid-afternoon, when your energy has dipped and it’s hard to focus on anything properly. “Oh well, maybe tomorrow will be better,” you tell yourself. But when tomorrow comes round there’s another pile of emails, phone messages, and to-do list items. If you carry on like this you will spend most of your time on reactive work, responding to incoming demands and answering questions framed by other people.

So sounds familiar? Do you feel the same way what I felt when I read the article? I am sure most of us surely do. Honestly, I have found Internet, mobile phones, emails very annoying sometimes as I prepare myself for my next goal in hand. Forutnately, I have been able to bring these activites a hell lot down in last few months. No more online on gtalk, no more chit-chatting. Trying very hard to concentrate on my goal because that is the biggest priority of my life.

The author cites the only solution to the issue at hand is: begin the day with creative work on my own top priorities.

Some of the key strategies that the author cites to make the change are:

  1. Creative work first, reactive work second.
  2. Tune out distractions.
  3. Make exceptions for VIPs.
  4. Be really efficient at reactive work.

I will, strongly, recommend all of you to go through this article in your free time if you are serious about your life and have a meaningful life.

Read Full Post »

Twitter


Though having opened account long back, Twittering started today and planning to pursue it seriously.

Anyone wanting to follow, can do so @ https://twitter.com/deepakpanigrahy

Read Full Post »