Posts tagged “Vivek Wadhwa”
Kids working in basements on shoestring budgets can now solve humanity's grand challenges and this is what we want our children doing instead of engineering the financial system as companies such as Goldman Sachs do, says Vivek Wadhwa.
The stereotypical successful entrepreneur is Mark Zuckerberg--the young college dropout who dreamed up a crazy idea while in his dorm room. The fact is that you are never too old to innovate, Vivek Wadhwa says.
The Economist and my friends at TechCrunch asked if I would debate Nobel Prize winner Robert Shiller at The Economist's high-powered Buttonwood Gathering on Goldman versus Google: A career on Wall Street or in Silicon Valley? To my friends, this is a no-brainer. Why would anyone in their right mind want graduates to sell their souls to Goldman? But this is a conference of the elite of the financial services industry. These people actually believe the opposite.
Opinion: Board meetings are not hackathons, in which geeks come together to write computer code. They are about corporate governance and protecting the interests of shareholders. Board members do not need technical skills, other than the ability to operate a laptop or smartphone. The role of the board is to review the performance of the chief executive, monitor finances and budgets, approve compensation, and help set corporate strategy. Having an understanding of the industry is very helpful, but not every board member needs to be an expert. There are thousands of women who can do this.
Opinion: Twitter proved this week a point that I have long been making: that Silicon Valley is a boys' club--a fraternity of the worst kind--stacking the deck against women, overlooking blacks and Hispanics, and providing unfair advantage to an elite, connected, few who have learnt the Valley's rules of engagement and mastered them.
Opinion: Vivek Wadhwa, a former triangle entrepreneur and an academic at Duke as well as several other universities, calls out Twitter CEO Dick Costoloo about the lack of female representation in the company's senior management and board. Costello has reacted strongly to Wadhwa's remarks, calling him the "Carrot Top" of academia. Wadhwa has demanded an apology.
Editor's note: In September, WRALTechWire wrote exclusively about Triangle entrepreneur Chris Evans' efforts to bridge the technology divide in schools by providing low-priced tablet computers. He worked with former Triangle entrepreneur Vivek Wadhwa on the project. Today, Wadhwa writes about how these tablets could revolutionize education.
When India's Economic Times asked me to compare Google with Facebook, the comparison struck me as odd. Google is exploring uncharted territory and staking its claims to the next trillion-dollar market opportunities. Facebook is mired in the past and squeezing every penny it can out of its customers to justify its inflated stock price. Unless it happens to luck out by buying the right company, it seems to me, Facebook is doomed.
Vivek Wadhwa: Imagine a computer physician that travels with you wherever you go. It tracks your temperature, heart rhythm, blood pressure, and emotional stress levels. It warns you when you're about to get sick or have a breakdown. It tells you where there is an outbreak of disease--and where not to go. And it provides all these data to your human physician--if you ever need one. I'm talking about version 1 of the tricorder that we saw on Star Trek. That is the future that the Apple iPhone 5S has just brought us a step closer to.
Opinion from Vivek Wadhwa: Frustrated that Silicon Valley's entrepreneurs "were not on focused on breakthrough technologies that will take civilization to the next level", Peter Thiel announced the Thiel Fellowship in September 2010. He paid children $100,000 not to complete their college education. His plan was to have them build world-changing companies instead of wasting their time at school and being burdened by "incredible amounts of debt." So far, however, results have been meager.
Vivek Wadhwa: Microsoft's announcement that it is buying Nokia's Devices and Services unit shows it thinks that by acquiring the right technology, it can regain its lost momentum. Sadly, the company is mistaken. Microsoft's problem isn't that it has too little technology; it has too much. And it has too many smart people whose talent is being wasted.
Opinion: Vivek Wadhwa explains why he thinks breaking up Microsoft offers the best path forward for the company.
Vivek Wadhwa: When I founded my own business, Relativity Technologies, in 1997, I gave PR precedence over marketing and decided we would talk about whatever the media was interested in. My employees and I might make mistakes, be misquoted, and perhaps give out too much information, but I was willing to take the chance. We would have a policy of being accessible to and totally open with the media, customers, and investors. We would let our guard down and be ourselves. The decision paid immense dividends.
Vivek Wadhwa: Myths abound about the young entrepreneurs who dreamed up crazy ideas while in their dorm room, raised millions of dollars in venture capital, and started billion-dollar businesses. But these are just the outliers. The typical entrepreneur is more like Albert -- a middle-aged professional who learns about a market need and starts a company with his own savings.
Vivek Wadhwa: Student loan debt is the reason I don't advise students who want to become entrepreneurs to apply to elite, expensive colleges. They can be as successful if they go to a relatively inexpensive public college. It is the same in India and China as it is in the U.S. I have done three research projects which reached the same surprising conclusions.
Vivek Wadhwa: Like Mark Zuckerberg and Lauren Powell Jobs, we should speak up about this injustice and cause our political leaders to take action to approve comprehensive immigration reform. This can't wait. We have a generation of Americans who could be contributing to this nation's success.
Opinion: Vivek Wadhwa says we are only in the early stages of 3D printing. The curve is flat for the foreseeable future ...
So if you're starting a business, the question you may ask is: How does one get PR--and what does it cost?The good news is that PR doesn't have to cost much. You don't need to hire high-priced agencies that specialize in racking up big bills and spamming journalists. But it does require corporate executives--preferably the CEO--to take a proactive approach and to be open and available. Here are some insider tips.
Opinion: It wasn't long ago that age was equated with knowledge. The apprentice learned from the master and the disciple from the guru. Older workers earned higher salaries because of their experience. Even today, we feel more comfortable with doctors, airline pilots, and Presidents who have grey hair. Yet older workers in many industries can't even get interviews. Whether it is in computer programming or entrepreneurship, older workers have many advantages - they still are the experts.
Opinion: The harsh reality is that if you are middle-aged, write computer code for a living, and earn a six-figure salary, you're headed for the unemployment lines. Your market value declines as you age and it becomes harder and harder to get a job.