Quantity vs Quality

A known tussle all over. All of us everyday in some form or the another ask this question: Quantity vs Quality. Let me put few of them to you here:

• My job profile is not good but they are paying me handsome. Quality vs Quantity.
• At grocery store, the quality of food may not be good but they are offering me a discount.
• I may not have genuine friends around but I boast of 2000+ friends on facebook.
• Hire IITians though there may be better candidates from some general college.
• Company xyz boasts of xxx number of employees but with no job satisfaction amongst the employees.

These are very general circumstances with no boundary to the list. I am sure once we start looking around us, we will see a lot of such circumstances around. Personally, I have experienced some of them. In fact, I have been a victim of quantity over quality and the quantity always won the war of quantity vs quality in my case till I refused to allow it win anymore. I can say that I have been decently successful in my motive. But time and again, quantity tries to empower quality. It tried once again when I tried attempting “post a day” campaign of wordpress. But I realized that my time does not allow me write daily and if I could fall into the trap again.

I apologize but I have decided to pull out of the campaign of “post a day”. And my reason is simple. I would like to continue writing and try to put my views in more concrete way rather than copy pasting some random information. Th idea of this blog is to share my thoughts and not put any global information that is available. I would like to generate genuine interest in my readers and I am happy if I could trigger a thought into my readers and compel them to think about the happening sin their surroundings. We are the generation of 21st century and let us drive the notion of free speech. Let quality win over quantity.

So, today when you go back from reading this post, please ask yourself how many times and what are the things where you have let quantity won over quality. I, strongly, urge you to break this barrier of  life and follow quality over quantity. Please subscribe to the feeds to continue reading this blog because I am no more attached to “post a day” campaign. I assure you that I will continue to keep utmost personal and spread my thoughts through you.

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Global Economic Growth to decrease

BBC News reported World Bank’s report of slower economic growth in the year 2011. World Bank has predicted that global GDP growth will be 3.3% against 3.9% in 2010. It has also predicted a strong growth in the emerging economies with India and China leading from the front.

Well, let us try to take a closer look. Please note that I am not an expert. I am just a reader of news who have developed an interest into looking at different things and hope to share my thoughts. I have no doubt that the India and Chine are going to lead the world economic growth but at what cost. China is keeping its currency manipulated so that its exports benefits the country’s position. India, though not exactly an export-oriented country but definitely a service-providing company. Products are not generally produced here rather they are definitely serviced here.

Even though I, too bet on the Indian and Chinese economies, I have few concerns. Firstly, the population. There is no control over the population in these countries. And till date there is no solid system to measure unemployment or the population itself correctly. In such a scenario, would it safe to have its per-capita, GDP and other measures of economy to be absolutely correct. I doubt it. Secondly, I still don’t believe that the consumption power is good here. I would request someone to find out if the commodities and goods produced in China are really consumed within the country. I believe that the figures could be surprising for some. I still feel that majority of goods are consumed not here rather outside. So, I feel that the real consumer base is the developed countries. Having said that, i must say that we are improving but it is going to take quite a time to catch up. Thirdly, dependency on Oil. We all know all the emerging and developing countries rely heavily on Oil, whose price is hovering around $90. I feel that that Oil price should be around $120. One thing that China and India say in their defense in terms of their oil consumption is their per capita consumption is far less than the consumption of US. But boss, China and India has the largest and second largest population of the world. You guys take the call. Are the defensive statements justified? Lastly, Food Inflation. Inflation of food is at its peak. We have seen the effect of increase in the prices of Onion in India. People went crazy and made the hell out of the government. In the past, we have seen that the governments have lost power at the Central government in the past. Oppositions won over the ruling government just on the basis of high Onion price. Considering the current scenario, all the vegetables are at their record high. How it is going to affect the people and the economy, in general, would be interesting to watch closely but I am sure if the situation remains same as of now, India will definitely suffer.

Comparing the prevailing scenarios of developing and emerging countries’ scenarios, economies of developed countries will have to also tackle few obstacles. Among all of them, the most important and challenging thing will be “Unemployment” World Bank predicts that the unemployment scenario would remain dismal. So, I feel it is going to hurt more than anything else for them. Secondly, European scenario does look so good as of now.  I somehow feel that the European debt crisis is going to remain bad and it might not improve as quickly as we might have wanted it to. Thirdly, the government debt will continue to mount and may cause imbalances in their statements, not a good sign at all.

To conclude, I feel that the all the economies of the world will see some nice challenges and if they are tackled appropriately, I am sure that we will redefine how businesses will be done in future. Hope that the future brings more prosperity and happiness all around, equally 🙂

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Forget NBA, NFL: IPL is Future?

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…

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Learnings from Micromax

Ohh yes guys, the IPO of Micromax might hit the Indian market soon. Do you know Micromax? Honestly, I was not aware of this brand unless some of my friends and colleagues bought the mobiles of Micromax. Very few people know and in fact, even I was surprised to know that Micromax is the largest selling mobile handset in India. And the most amazing story of its success is: it has done so in a very short period of 3 years. Today, it is valued at $1 Bn. As far as I have heard about the Micromax from my friends, they say one prefers Micromax because it provided dual SIM support, qwerty interface at an amazingly low cost. Yes, low cost was its selling point and as I have discussed earlier on this blog, no matter what technology you provide and what features you give, we, Indians have just one first question: What is the price? And here is where I feel Micromax is a winner. I was not surprised to know that Micromax has gained its popularity in such a short period of time and captured 5% of the Indian mobile market, as reports suggest.

So, what does it mean to us?

• Don’t stop dreaming and dreaming big. Remember 3 years back Nokia, Motorola, Samsung and few others were household names. Introducing itself at that time and emerging as the leading player is one of the greatest example of living a life of dreams for Micromax. kudos to all the whole team.
• Entrepreneurs don’t fear. The believe in themselves more than anyone does. And Micromax proved it with its valuation.
• Hard work, Focus and Determination are the key to success. Its the combination of all these factors that today Micromax is going for an IPO.
• Ideas with customers in mind matter the most. I believe what clicked for Micromax is their approach to the Indian market. They just combined the idea of iPhone, cost factor plus the Indian attitude of shifting telecom providers to suit to the cheapest calling rates at that instant of time. Apple did not lunch iPhone in India and when it did, the cost was too high that it could even be anywhere near to success. Blackberry was not in market. And Micromax launched itself at just the right time with the correct attitude.

So, guys keep dreaming and believe in them. You never know when your Idea could be the IPO of the Indian Economy!!!

Sources: http://trak.in/tags/business/2011/01/10/micromax-ipo-stock-markets/

http://micromaxinfo.com/

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Funny Office Signs

I am going to keep this post short and crisp. I returned from my trip today and I am extremely tired. but as I have committed to one post a day, I am trying to pass a nice website that one of my colleagues, Roshan, shared with me today. Personally, I enjoyed going through the page and I hope you would like it too 🙂 Some of the posters are really very sarcastic and one should be careful of using them.

http://www.pdffun.com/

Enjoy 🙂

Disclaimer: The link provided above is just for fun and I have no responsibility of developing or in relationship with anyone reproducing the same in the office premises.

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Humorous Speech

I participated in the Area L1 Humorous Speech  contest on the peak of my busy month – October in 2010. I went with almost no preparation. September, October and November have been real busy months for me. There were lot of things at stake and still they are. Anyways, I am traveling in train back to Bangalore as you read this post. So, this post was pre-written than its usual time it was posted.

I did not win the contest but it was a pleasant experience. First of all, presenting my 50-member club felt so good. Secondly, competing with some toastmasters who were TMs for 5-7 years was a great experience. The learning I drew from the contest was immensely unique. Honestly speaking, I am bad at humorous category. So, this speech was really a contest for me: to challenge myself and attempt a humorous speech. Unfortunately, I am not able to get hold of the video recording but as soon as I get it, I will update this post. I am going to come stronger next time in the contest and hopefully be a better speaker than I am today.

Here is the script of the speech:

From ashrams to modern day schools and colleges, from obedient Rama to today’s Hrithik Roshan, from Kings to Khans, from Luv,Kush to Darsheel Safary, we, kids, have developed with India. But here is the catch 22: do we go to school only to study and be good?

Contest Chair, Esteemed Judges, Fellow Toastmasters and Guests, I, too went to school and that’s when I realized that: I know you might be thinking that I found my passion for computers and decided to become an IT professional but wait wait wait, that’s when I realized that I am a boy in true sense. You might think how? Well, in today’s world, genders are not decided by birth but by behaviors later. So, I realized I am a boy in true sense when I had my first crush on my lady teacher in Standard 5th.

From thereon, there was no stop. Shaher ki Ladki-Raveena Tandon to California Gurlz, Kate Perry disturbed my dreams until I landed up in Bangalore for my engineering. Dreams became true and I had my Kareena Kapoor. We all know “nothing come free in this world” but I never knew Girl-Friends come at a price just like a designer collection clothing line-up. Every weekend, instead of finishing my assignments, I had to wait outside to pick my girl up and in no time I had to run my hired bike, of course at the mercy of jealous yet friends, to go to places like Forum, Brigade Road, Dinners at Dominos: Poor chap going more and more poor every weekend. But here is the dilemma: Girl-Friends are like the menus of Leela Palace. No matter what you order to eat, you always tend to look at what others are eating. So, the moment I am in the Brigade Road, I see Katrina Kaif. All the three monkeys of Gandhiji desperately tried to empower me; don’t watch, don’t listen and don’t talk. Don’t watch because she was hotter and sexier than my girl, don’t listen because every time I opened my ears, she whispered:

Don’t you wish your girlfriend was hot like me? Don’t you???

And Don’t talk because as a human tendency to always have better things in life, I would break up. That’s when I realized Dating is like a Pandora box. But I am a guy, after all. The ears opened and I heard her say:

I know you like me. i know you do

Then the second monkey freed himself and my eyes became binocular trying to get her as close to me as possible. And finally, the third monkey. I said to my girl: hey you are too costly, if I have to afford sonata, then why not give it a try for Mercedes. Aakhir yeh aaram ka maamla hai. After all, it is a matter of comfort. At that moment I realized from where Christopher Nolan stole the idea of “Inception” and made millions of dollars. The very next weekend I am back at my best: Reebok glasses on, sporting Denim Jeans and a cool T-Shirt driving the Honda City trying to find my Mercedes on the roads of Brigade Road.

As time passed, reality chained the fun. I got enchained in marriage. Honeymoon period is awesome when it is a love marriage. I could always find her saying:

I know I’m on your mind, I know we’ll have a good time;

I’m your friend, I aint lying, Look at me, you aint blind

But do honeymoon lasts forever? Nopes. I am at Brigade Road again and the scene repeated itself. I saw a hot girl in the Westside showroom and she was my ex but this time I had my wife with me. The girl whispered into my ears:

See, I know she loves you, I understand

I’d probably be just as crazy about you If you were my own man

Poor Deepak can’t help this time. No matter how hard 2 monkeys act, the third monkey completely empowered me making me speechless and dump.

My world suddenly became dark with no slightest of hope. I closed my eyes to evade the nightmare but it got opened only to realize that my nightmare was just a dream. Ammmo!!! What a relief!!! I am still a bachelor. Next day morning, it was a Sunday and I put on my Reebok glasses, sport denim jeans and a cool T-Shirt and I am back on the streets of Brigade Road. And the scene repeats itself with a little change (pulls up a chair and sits on it). I am the only judge of the fashion contest where every other girl approaches me on the fashion ramp and says to me but loudly:

Don’t you wish your girlfriend was hot like me? Don’t you????

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Record Holiday Online Sales

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

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$67mn Fraud: Citi’s Indian fiasco

As some of you might have already read, Citigroup hit a major issue in India recently. Indian Banking market is dominated by HDFC, ICICI and SBI. All other players came in later and still in their process of wooing consumers but to a great extent, it is yet to break the jinx in the minds of middle class Indians. Citi has tried hard to break into the minds of young people and it has been successful to a some extent. So, the news of more than $67mn fraud is going to disturb its run, hitting hard on the brand name and the image of the Citigroup badly in India.

Relationships Manager of Gurgaon Citi branch, Shivraj Puri, has been named as the prime suspect and the fraud amount is said to be anywhere between $67 mn – $89 mn. One of the investors, Sanjeev Agarwal,  who invested in the in the alleged fraud fund, went on to file a police complaint. All the top executives of Citigroup were named in the police complaint including CEO Vikram Pandit, Senior Vice Chairman William Rhodes, COO Douglas Peterson, CFO John Gerspach and many more.

SEBI, the regulatory board has already issues showcase notices to the Citigroup in India and has started looking into the fiasco. But what does it mean for Citigroup globally and specifically, in India? Citigroup’s credibility was in question during the Financial meltdown and has been heavily criticized for its irresponsible behavior. It received one of the largest chunks in the Bailout and if I am not wrong, US government owns a significant stake in the company till now. It is unfortunate for Citigroup to get involved in scams and definitely the timing of this fraud is an unfortunate one.

WSJ, Reuters and everyone covered the news of this fraud. So, I feel that Citigroup would have to now answer some serious “responsibility” related questions. It has to look within – its management, its transparency and other factors. I am often told that as the company grows, it is very difficult to break the norms and try to do things differently, even though they might be beneficial. Sometimes the reason is the way company operates and sometimes the reason are the power-hungry insecure managers. I am not sure what is wrong with Citigroup but I feel there might be something within. Processes need to be more  transparent to the investors and consumers. I feel that Banks must not forget that they exist for one reason: they assure their customers safe returns on their money and this is primary reason for which banks started existing.

On a final note, I would love to see a more responsible Citigroup than the one in its current state. Would Citi be able to come out of these kind of major crisis situations? Would Citi be able to establish the same faith in our minds back? Would Citi be able to reinstate its position as Numero Uno? Only time would tell.

Sources: http://online.wsj.com/article/SB10001424052748704415104576066861503613204.html

http://www.indiainfoline.com/Markets/News/Citigroup-India-hit-by-Rs-4bn-fraud-reports/5033266623

http://in.reuters.com/article/idINIndia-53924220110104

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Facebook, Twitter, LinkedIn: The Big IPO Line-up

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

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GET, SET and GO

How many times have you ever participated in 100m or 50m races during your school days? How many times in your life you have dreamed of getting something – may be an admit into a top-notch program, cracking IIT-JEE, CAT, getting a promotion at office or getting the dream girl of your life? I am sure you would have definitely gone through all or some or at-least one of the above circumstances.

Sometimes, we go into our own cocoon and sit inside like a safe baby just like one of my friends, Roshan, always mentions himself. Some others, in fact a lot including me to some extent, say that why to risk so much. But isn’t life is about taking risks. Let me bring a small analogy.

Compare our upbringing to the upbringing of an animal child, such as a bird. We are always around our parents. As we grow, we always tend to come back. When we fall, they comfort us. When we make mistakes, they us. On the other hand, the first thing a bird learns is how to fly. Once she knows how to fly, she is of her own – to explore the world, to fly high into the sky, touch the sun.

Now, one might we also do that but wait, we used to do so as kids, as small children. We used to try to imagine a lion of may be blue color. I remember that as a small kid, I once asked my mother why the sky is blue or the grass is green. She could not answer. The question haunted me so much that I explored a lot of books in my school library till I found my answer. But to find one answer, I had to go through atleast of 30 books in the General Knowledge section. sometimes when I lie down and think about it, I think am I the same Deepak that I used to be.

The bottom line is we try to hide behind lame excuses and go back to sit behind in the pouch of our own Kangaroo. I vow to break my habit this year and I urge all of you to do the same. Fight for your DREAMS and don’t give them up so easily. If you ever wanted to play cricket, go get up, pad up and hot the ground. If you ever dreamed to be a writer, its time to get your pen and finish your book. If you ever wanted to be an actor, go get up and who knows you might be the next Shahrukh Khan. I am going to fight for my dreams and try all means to make it happen. Come and join me and chase your dream with utmost sincerity.

To be honest, I always wanted to be an Entrepreneur. This year I have taken a major step towards it and making a small move this month. With GOD’s grace and if certain other things work out since I am expecting few things to come through soon, I am going to chase my dream with sincerity. No more safe zones, no more lame excuses, MBA or not MBA does not matter – I just want o to live my dreams.

Let me caution you about the people around you. They will try all means to dampen your spirit. But don’t let them win. Its time for us and our dreams to win. As the source article from which this post is inspired, such people are monkeys who have give up their hope of living their dreams. So, don’t get bugged down ans tighten your seat belts. What are waiting?/ Are you ready to GET, SET and GO….. Trigger has been fired

Inspired from article from my favorite, John Maxwell – http://johnmaxwellonleadership.com/2011/01/03/fight-for-your-dreams-in-2011/

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