One of the “hottest” FinTech startups Wealthfront also offers a career advice. Some time ago they have published a “Silicon Valley Career Guide” and recently blogged about “107 Career Launching Companies“. Both worth a read if it is of interest to you. Posting both here for your convenience.
“The Introverted Face” Quartz article exposes a number of interesting biases people have in regards to judging people’s competency, extroversion and trustworthiness purely based on their faces:
This an article to forward to all those who share a simplistic philosophies of “Build It and They Will Come” or “Money does not matter, only great product and getting a lot of users matter”.
“This Startup Had Over 5 Million Users And A Great Product. Then It Folded.” on Fast Company:
Consider Springpad, a startup founded in 2008 and once considered an Evernote rival. That wasn’t enough. The company failed to develop a monetization strategy–and despite their best efforts (and rumored acquisitions by Amazon and Google), things just didn’t turn around in time.
“We built a heck of a product. But we didn’t build the business.”
“We ran out of money, that’s basically the end of the story. It was a timing problem.”
To respond to this question Funders and Founders designed an infographic that is a reasonable starting place for an online research:
In reality, of course, everything is much more complicated. For instance, the picture mixes EB petitions that allow one to become a permanent resident right away with temporary visas. E-2 visa does not work for Russia, thank the politicians. Getting an H1B entails a serious risk because of the caps, especially if you do not already have a degree from a top American university. The majority of visas do not allow a spouse to work. There are lots of other details as well, the immigration law is probably #1 thing that I dislike about the US. But overall it is a good summary of the situation. There is also a bill for Startup Visa, but it does not seem to be become a reality any time soon.
Here is my humble attempt to distill an amazing “How to Get Startup Ideas” essay by Paul Graham, that deserves to be read in its entirety, to one sentence:
Think of tedious unsexy ideas will become feasible in the future, ideally in the fields you have some expertise in.
An advice on how to frame your accomplishments in a smart way by Google People Operations VP:
“The key is to frame your strengths as: ‘I accomplished X, relative to Y, by doing Z.’ Most people would write a résumé like this: ‘Wrote editorials for The New York Times.’ Better would be to say: ‘Had 50 op-eds published compared to average of 6 by most op-ed [writers] as a result of providing deep insight into the following area for three years.’ Most people don’t put the right content on their résumés.”
Not many people will have the proper content to frame this way though.
Each new invention requires the viability of previous inventions to keep going. There is no communication between machines without extruded copper nerves of electricity. There is no electricity without mining veins of coal or uranium, or damming rivers, or even mining precious metals to make solar panels.
On evolution of the scientific method:
The classic double-blind experiment, for instance, in which neither the subject nor the tester is aware of what treatment is being given, was not invented until the 1950s. The placebo was not used in practice until the 1930s. It is hard to imagine science today without these methods.
The cybernetician Heinz von Foerster called this approach the Ethical Imperative, and he put it this way: “Always act to increase the number of choices.” The way we can use technologies to increase choices for others is by encouraging science, innovation, education, literacies, and pluralism. In my own experience this principle has never failed: In any game, increase your options.
On sacrifices as a form of investment:
As Suketu Mehta, author of Maximum City (about Mumbai), says, “Why would anyone leave a brick house in the village with its two mango trees and its view of small hills in the East to come here?” Then he answers: “So that someday the eldest son can buy two rooms in Mira Road, at the northern edges of the city. And the younger one can move beyond that, to New Jersey. Discomfort is an investment.
On using older technology as a statement:
Who would have guessed anyone would burn candles when lightbulbs are so cheap? But burning candles is now a mark of luxuriant uselessness. Some of our hardest-working technology today will achieve beautiful uselessness in the future. Perhaps a hundred years from now people will carry around “phones” simply because they like to carry things, even though they may be connected to the net by something they wear.
Found this bit of wisdom by Marcus Aurelius rather timeless:
“Begin each day by telling yourself: Today I shall be meeting with interference, ingratitude, insolence, disloyalty, ill will, and selfishness– all of them due to the offender’s ignorance of what is good and evil. That people of a certain type should behave as they do is inevitable. To wish it otherwise were to wish the fig-tree would not yield its juice.”
Planning to give this approach to taking notes and learning new subjects a try at my MBA classes.
Quoting Hooman’s response to Quora topic “How do top students study?“:
I maintained a 5.0/5.0 GPA in one of my MIT masters and 4.9/5.0 in my other MIT masters until my very last semester when I had to fly to job interviews and couldn’t attend all my classes. I achieved these grades while doing a double research load. That is I worked simultaneously for an MIT professor and two Harvard Medical School professors.
And here is his take on how he did it:
Write your notes in a way where you can test your retention and understanding. Simply put my notes can be used like flashcards because I write them in a form where I separate a “stimulus” from a “response.” The stimulus are cues or questions (think: front side of flashcard), while the response is the answer to the cue (think: back of flashcard). But the stimuli are to the left of a margin, while the responses are to the right. The key advantage of this is that just by putting a sheet of paper on top of your notes, you can hide the responses, while leaving the stimuli visible. You can have multiple margins and multiple levels of stimuli and response for greater information density. When you get good at this you can write notes in this form in real-time. To get some idea of what I’m talking about google for “Cornell Notetaking method” My notetaking method is a variant of this.
I might risk sounding like an egotistical douche posting my own interview on this blog. But I think some parts of my conversation with Accepted.com might be helpful to other MBA applicants and those who are simply curious about MBA. Otherwise, just skip it.
A small caveat: I am not affiliated with any of MBA admissions consulting companies in any way, including Accepted which just found me a couple of months ago trough this blog. Even though some people might benefit from such help, I believe that it is absolutely possible to plan admissions and prepare independently. So, I am not endorsing the company in any way as I simply do not have any experience and cannot evaluate their services. Anyway, for those who are interested in MBA journey, here is our conversation:
Accepted: First, can you tell us a little about yourself? Where are you from? Where and what did you study as an undergrad? What year are you at UC Berkeley Haas?
Max: My name is Max. I am currently getting my MBA at University of California Berkeley, Haas School of Business, in the class graduating in 2015.
I am originally from Russia, Tyumen City. I graduated in International Economics and Business from one of the best regional universities and then moved to Moscow in 2008 for the next five years and then to the US in 2013 to start my MBA.
Accepted: What is your favorite thing about Haas so far? And if you could change one thing about the program, what would it be?
Max: What I like most about Haas are the people. It is inspirational and fun to be around people who have so much in common with you but at the same time offer such diversity, coming from different backgrounds, career paths and countries. It really makes you reflect on your strengths and weaknesses and widen your perspective. Actually, I recently blogged about things I liked most about Haas, among them are the school’s focus on technology and entrepreneurship, its location close to the Silicon Valley and being a part of large top university.