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.
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.”
If you missed the buzz about Spritz startup this week, let me tell you about it. The guys behind it developed an interesting technology that might help us all read faster without an extra effort. Key idea is to eliminate the unnecessary eye movement my properly positioning words. Unfortunately, there is nothing to download so far, but I think a lot of cool apps will be developed soon.
Squirt.io – browser application.
Here is how it works:
You might remember my recent post about “Moonwalking with Einstein” book about memory and mnemonics.
I first read about it in The Guardian article “How I learned a language in 22 hours” by the book author, Joshua Foer. Although, the title is somewhat misleading, the approach is very interesting. So, what is so special about Memrise? They have an interesting learning model. Primarily, the focus is on languages, but there is a whole range of secondary courses, ranging from “How to say I love you in 100 languages” to HTML5.
The first principle: spaced repetition. The words you are asked to remember are spaced in time in a precise manner with intervals calculated based on your past performance. By the way, the same principle is employed by simple app Anki which I once briefly mentioned in my post about GMAT.
The second principle: mnemonic. You are usually shown a picture or an idea that helps you remember a given word using associations. These so-called mems are added by members of community in the best crowd-sourcing traditions. The most voted-up are displayed.
And of course, they also use gamification, who does not?
Overall, it appears to be an interesting tool. However, it remains to be seen whether it is really a good idea to invest one’s time in it without a firm intention to actually learn a language. But learning to read a Chinese menu sounds like a fun thing to try anyway, all serious goals aside.