Entrepreneurship | wealthymatters

What Does It Feel Like To Head A Start-UP?

May 4, 2014 Leave a comment

Ever wondered about this question?Then here’s your answer in the words of Paul DeJoe Ecquire.com

Very tough to sleep most nights of the week. Weekends don’t mean anything to you anymore. Closing a round of financing is not a relief. It means more people are depending on you to turn their investment into 20 times what they gave you.

It’s very difficult to “turn it off”. But at the same time, television, movies and vacations become so boring to you when your company’s future might be sitting in your inbox or in the results of a new A/B test you decide to run.

You feel guilty when you’re doing something you like doing outside of the company. Only through years of wrestling with this internal fight do you recognize how the word “balance” is an art that is just as important as any other skill set you could ever hope to have. You begin to see how valuable creativity is and that you must think differently not only to win, but to see the biggest opportunity. You recognize you get your best ideas when you’re not staring at a screen.You see immediate returns on healthy distractions.

You start to respect the Duck. Paddle like hell under the water and be smooth and calm on top where everyone can see you. You learn the hard way that if you lose your cool you lose.

You always ask yourself if I am changing the World in a good way? Are people’s lives better for having known me?

You are creative and when you have an idea it has no filter before it becomes a reality. This feeling is why you can’t do anything else. Read more of this post

Filed under Entrepreneurship Tagged with being an entrepreneur, Entrepreneurship, life of an entrepreneur, postaday, start-up

Successful Courtship

May 2, 2014 Leave a comment

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Filed under Entrepreneurship, Tool Kit Tagged with giving up, good will, networking successfully, people skills, postaday, relationships, the art of successful persuit, the importance of confidence

Missed Chances!

May 2, 2014 Leave a comment

I met both Carl Page and Larry Page at a party hosted by a Stanford friend of mine in 1998.

Carl gave me his card for eGroups and said “we’re hiring”. Larry gave me his card for Google—a flimsy bit of paper obviously printed by bubble jet—and said “we’re hiring”.

I said, “Nah, who needs another search engine?” and went to graduate school.

I still have the card.

– Ka-Ping Yee

Ka-Ping Yee turned down a job with Google in 1998, the year the search engine incorporated.Considering that Bonnie Brown, the in-house masseuse who Google hired in 1999 to knead the occasionally stressed shoulders of the 40 employees who worked there at the time, became a multimillionaire when the company went public, and that by 2007 Google had already minted more than 1000 millionaires, it’s a safe bet that Yee missed out on more than the chance to knock Altavista and Lycos off their mighty perches.

This sort of thing happens when we are too judgmental and write off people as unlikely to succeed,based on appearances.

Filed under Entrepreneurship Tagged with Bonnie Brown, investing in a start up, joining a start-up, judging by appearances, Ka-Ping Yee, Larry page business card, multimillionaire, postaday, worst money mistake

Buying Friends And Influence Online

May 1, 2014 3 Comments

Whoever said, “Money can’t buy you friends,” clearly hasn’t been on the Internet recently. Today its possible to buy 4,000 new followers on Twitter for about $5 (about Rs 300). You can also pick up about 4,000 friends on Facebook for the same amount and, for a few dollars more, have half of them like a photo or post you share on the site.

If you are willing to shell out $3,700, you could have made 10 lakh—yes, that many—new friends on Instagram. For an extra $40, 10,000 of them will like one of your photos.

Retweets. Likes. Favorites. Comments. Upvotes. Page views. You name it; they’re for sale on websites such as Swenzy, Fiverr and countless others.

Many of these friends live in India, Bangladesh, Romania and Russia—and they are not exactly human. They are bots, or lines of code. But they are built to behave like people on social media sites.

Bots have been around for years and they used to be easy to spot. They had random photos for avatars (often of a sultry woman), used computer-generated names (like Jen934107), and shared utter drivel (mostly links to pornography sites). But today’s bots, to better camouflage their identity, have real-sounding names. They keep human hours, stopping activity during the middle of the night and pick up again in the morning. They share photos, laugh out loud—LOL—and even engage in conversations with one another. And there are millions of them. These imaginary citizens of the Internet have the power,to make celebrities, wannabe celebrities and companies seem more popular than they really are, swaying public opinion about culture and products and, in some instances, influencing political agendas. Read more of this post

Filed under Alternative Assets, Entrepreneurship, Tool Kit Tagged with buying facebook likes, buying instagram friends, buying twitter followers, Fiverr, postaday, social media bots, social media marketing, Swenzy, Zeus

Enterprise Value

April 30, 2014 Leave a comment

wealthymatters Enterprise value is the figure that, in theory, represents the entire cost of a company if someone were to acquire it. Enterprise value is a more accurate estimate of takeover cost than market capitalization because it takes includes a number of important factors such as preferred stock, debt, and cash reserves that are excluded from the latter metric.

Enterprise value is calculated by adding a corporation’s market capitalization, preferred stock, and outstanding debt together and then subtracting out the cash and cash equivalents found on the balance sheet. (In other words, enterprise value is what it would cost you to buy every single share of a company’s common stock, preferred stock, and outstanding debt. The reason the cash is subtracted is simple: once you have acquired complete ownership of the company, the cash becomes yours).

Frequently called “market cap”, market capitalization is calculated by taking the number of outstanding shares of common stock multiplied by the current price-per-share. Read more of this post