Ideas and beliefs are abstract terms. In fact, the triumph of humans in the race of the intellectual has been attributed to our understanding of the abstract. No other animal in this world builds a society because it understands society as a concept. They merely do so to enhance their food and livelihood security. But for humans, some reasons arise out of understanding the abstract. If our knowledge is to be stripped down to bones, we might find that we are slaves to our abstraction. We revere value in paper notes, honour in metal medals and fear in stone statues. Ideas are what have made this imaginative creature the ruler of the planet. Our success as a species rests on the coherence and usefulness of the ideas we bear. So, the concepts passed upon to us or occur to us in episodes of creative hallucination can change the face of this earth. So, it is the most remarkable creation of humans and, thus, the origin of property. This blog aims to capture some of such thoughts. Believe, or ...
There are a few crown makers in the current start-up world who have honed the art of finding startups with an industry-defining idea at their seed stage and nurturing it to realise a product market fit. But needless to mention, even in their shining armours, there are a few clicks to spot. This only explains why business is an art and not a science. While gaps in the market, consumer behaviour, technology adoption or, for that matter, a blueprint of the strategy today can be readily developed, the challenge is to get the process on the field. I would refrain from taking names, but even the biggest VC and PE out there have had their share of mistakes and have been highly humble in accepting them. What is of greater concern, however, is that most of the analysis of a bad investment can only be made post-ante. This implies that the investors carried out the same processes yet landed at two contrasting star-ups. Oversight, one of the most cited criteria for the failure of venture capital i...