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Showing posts from February, 2016

FlipKart: Owned 80% By Investors

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I learned today that FlipKart is owned 80% by investors. That is a sad state of affairs. Investors should have the discipline to not own 35-40% of a tech startup, otherwise you are killing the hen that lays the golden egg. It is racism to think Indian tech startup founders can get by with little ownership because, well, they are Indian and they are in India.

I wish FlipKart all the best, but I can't see how a tech startup that is so weak at its foundation can be a trailblazer. It has been set to fall, if not now then later. The ownership structure is bull.

Rahul Yadav is another story that caught my attention months ago. The Indian media made it look like the guy sent out one wrong, arrogant email and that is why. That is missing the point. He had all the inklings of a tech startup founder. But the ownership structure there also was all messed up. And I gather Housing.com has bombed since. The hen got killed.

The Real Rahul Yadav Story
Rahul Yadav Has A Bright Future

I hope there wi…

Top Angel Investment Returns In History

25K Becomes $110 Million In 5 Years

What are the greatest historical angel investment returns?
Jeff Bezos also invested $250,000 in the first angel round in Google and that at today's prices his shares would be worth $1.6 billion. ...... In the hottest angel investment country in the World, the US, last year had some 227,000 angels and pumped $23 billion into start-ups, up 3% from 2004 ..... In 1996 there were only about ten angel groups in the U.S.; today there are more than 200. ....... the 1878 Paris Exhibition, a few highly prominent chaps by the name of J.P.Morgan and Spencer Trask decided to back a crazy idea called “electricity” that was being pitched by none other than Thomas Edison. ....... Back in 1994, there was a guy in the US selling books from his garage via the internet. 12 angels later and Amazon.com was born, 2005 sales were over $5 billion! ......... The second most famous angel investment in recent years (number one to come shortly) was probably the $100,000 …

Tech Power Couple

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The Power Couple of the New York Tech Scene
The two entrepreneurs, who celebrated their second wedding anniversary in October and are expecting their first child in May, have a uniquely modern marriage. In addition to their cozy home life and shared passion for active sports, Ms. Crowley is a client of her husband’s, using Foursquare’s location-tracking technology to market her company. ...... The Crowleys also cut a dash in New York’s tech-social scene, where the most influential people in the room are more likely to be wearing performance fleece than designer suits. ..... Geek mystique gets the Crowleys invited to A-list parties, including the recent James Bond premiere at the Ziegfeld Theater, where they posted an Instagram photo of themselves in black tie. Gossip-column sightings have also placed the Crowleys at events alongside new-media luminaries like Arianna Huffington, the Yahoo chief executive Marissa Mayer and the Hollywood star (and tech gadfly) Ashton Kutcher. ..... “We…

Android Phones Should Machine Record All Talk

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Android phones should machine record all talk on all Android phones all over the world and feed all that to AI, so as to later enable voice search in all languages. Literacy is over rated. What if all knowledge could be translated into every human language? And not just in writing but orally. Literacy is primitive tech. I like it, but it should not be the gatekeeper it is. You should be able to access all knowledge orally. Too many human brains are going to waste right now. Human beings should not have to do robot work. Planting rice is robot work. And Android phones should be solar and drone powered. The drones give you the Internet access and solar gives you energy. There is no wire in sight. If everybody is armed with a phone, we could provide police service to every human being at a much lower cost. Much, much lower cost. 911 would be an app on your phone. Your phone knows who you are, and where you are. We should build a world government, and get every human being to directly vo…