Ideas Help No One on a Shelf. Take Them to the World. - The New York Times:
Well said.
Distribution of rubbish solution is also dangerous. Give people a well that they don't use or give solution to Diarrhea but not fixing the cause is also not good.
Our world is so connected & challenges we individually faced with are already overwhelming, reading this article or this comment of mine is already a lot for most, let alone investing time & effort to understand & 'truly' fix anything (esp those on our personal To-Do list).
We need therefore something stupid simple for EVERYONE to take part, I suggest people use 20% of their own leisure time to #SelfChallenge to do anything (ideally not stupid running on the spot or marathon watching kardashian's behind).
The more important you are, take on a bigger challenge (especially if you have influence, wealth, or followings), and coordinate with others, or challenge your peers to do more, please don't just donate to charity.. unless the charity's aim is to make itself redundant with a definite time-frame (10/20years?).
What we need is a call to action that will lead key people towards the right direction, in 2016, maybe it is time to adopt #FixTheWorld instead of non directional ChangeTheWorld which sadly has not fixed much so far?
I would recommend watching the video about philanthropy by 3 Buffetts on my blog post on LinkedIn: Tomorrowland Today.Must take opportunity to #Activate & #FixTheWorld ! http://bit.ly/24OlYaD *
My 2013 Short blog re challenge between Billionaires! http://bit.ly/1MlhOvx
Tuesday, 15 March 2016
Wednesday, 9 March 2016
My comments on Green faces £80m BHS pensions bill | The Sunday Times
#MustRead:
Green faces £80m BHS pensions bill | The Sunday Times:
Green faces £80m BHS pensions bill | The Sunday Times:
Interesting details on the deal and who's behind it.. but need more details on the 'bigger' picture:
deficit stands £207m , buyout valuation ballooned to £571m Green wrote off £215m debts (on @bbc http://www.bbc.co.uk/news/business-35749787 @FT https://next.ft.com/content/c4f2d452-e491-11e5-a09b-1f8b0d268c39 )
so, am not an expert, some might argue that (minus £400m taken off as dividends by Mrs Green..) Philip the Toga King & family is not great business people/retailer after all (except for their own family and offshore Monaco account)?
we must be missing something or is it that simple? selling it for £1 was indeed a brilliant magic trick!
Sunday, 21 February 2016
My comments re Hong Kong’s old school entertainers clash with younger generation over political views | South China Morning Post
Hong Kong’s old school entertainers clash with younger generation over political views | South China Morning Post:
If I was an alien from out of space, looking at how China run one of the biggest country of Earth in a disciplined & measured, orderly fashion of people's congress, compare to the sandals flying, punching & shouting parliaments of Taiwan and even United Kingdom, I would know what I prefer to watch just for the pure drama.
Youngsters & artists should help make hong kong better not only for hong kong people.
Hong Kong has been great is because NOT only of its free speech, but Rule of Law, hard working ethics of the TRUE indigenous Hong Kong like myself, who grew up at council estates that has ONLY public toilet & bathrooms (think of the scenes of Stephen Chow's fantastic comedic but culturally accurate caricature film "Kung Fu Hustle" but in council estate blocks).
I'm sadden to hear and observed that new generations of so called indigenous hong kong who do not focus on working hard or working out & proposing viable solution but adopting the militant ways that are likely to affect the rule of law and safety of all, which ultimately will start chain reactions that negatively affect Hong Kong's competitiveness from tourism to international trade and relations with China (who has many other problems to deal with).
We should not focus on solely buying flats or being rich as reported but focus on working hard, self improve and create better opportunities without using violence.
#MustWATCH classics by Sam Hui 許冠傑: 應該要自愛 https://youtu.be/DLp6eIEzq3Y 搵野做 + 学生哥+父母恩
It maybe time that stars of HongKongWood, to Bollywood and even Hollywood should help get people to think right and ask the right questions... I've been told by Prof Luigi Zingales' insights, the wider world (esp. popular culture and celebrities) could help by producing something useful, insightful, like the Margot Robbie's bubble bath scene that explains sub-prime:
If I was an alien from out of space, looking at how China run one of the biggest country of Earth in a disciplined & measured, orderly fashion of people's congress, compare to the sandals flying, punching & shouting parliaments of Taiwan and even United Kingdom, I would know what I prefer to watch just for the pure drama.
Youngsters & artists should help make hong kong better not only for hong kong people.
Hong Kong has been great is because NOT only of its free speech, but Rule of Law, hard working ethics of the TRUE indigenous Hong Kong like myself, who grew up at council estates that has ONLY public toilet & bathrooms (think of the scenes of Stephen Chow's fantastic comedic but culturally accurate caricature film "Kung Fu Hustle" but in council estate blocks).
I'm sadden to hear and observed that new generations of so called indigenous hong kong who do not focus on working hard or working out & proposing viable solution but adopting the militant ways that are likely to affect the rule of law and safety of all, which ultimately will start chain reactions that negatively affect Hong Kong's competitiveness from tourism to international trade and relations with China (who has many other problems to deal with).
We should not focus on solely buying flats or being rich as reported but focus on working hard, self improve and create better opportunities without using violence.
#MustWATCH classics by Sam Hui 許冠傑: 應該要自愛 https://youtu.be/DLp6eIEzq3Y 搵野做 + 学生哥+父母恩
It maybe time that stars of HongKongWood, to Bollywood and even Hollywood should help get people to think right and ask the right questions... I've been told by Prof Luigi Zingales' insights, the wider world (esp. popular culture and celebrities) could help by producing something useful, insightful, like the Margot Robbie's bubble bath scene that explains sub-prime:
Thursday, 4 February 2016
#AskTheRightQuestion #ElonTheBouncer=best respect? Question should be what is Rude? my comments on Guardian re Elon Musk personally cancels blogger's Tesla order after 'rude' post | Technology | The Guardian
Interesting, must read:
Elon Musk personally cancels blogger's Tesla order after 'rude' post | Technology | The Guardian:
Night clubs has bouncers to keep out the unruly customers, most would agree that is a good rule?
Elon acting as bouncer himself IMHO could be the most respect he could give to what he considers as unruly customer. Question lies in whether like night clubs if he has set the rules of what is acceptable and what is unruly. This article could have asked a better question, rather than using sensationalism regarding wealth and rudeness?
@ElonMusk is brave, brilliant, but may have wrong goals in spending billions in sending people to Mars, when he could have spent the money and intelligent to help save our Earth, but that is another question altogether.
(I think Elon rightly consider that the blogger is rather influential and most people would not read further than the headline, because apparently "His post ends up with praise for Tesla and its Model X". )
not sure if you agree?
BR
@GarethWong
Elon Musk personally cancels blogger's Tesla order after 'rude' post | Technology | The Guardian:
Night clubs has bouncers to keep out the unruly customers, most would agree that is a good rule?
Elon acting as bouncer himself IMHO could be the most respect he could give to what he considers as unruly customer. Question lies in whether like night clubs if he has set the rules of what is acceptable and what is unruly. This article could have asked a better question, rather than using sensationalism regarding wealth and rudeness?
@ElonMusk is brave, brilliant, but may have wrong goals in spending billions in sending people to Mars, when he could have spent the money and intelligent to help save our Earth, but that is another question altogether.
(I think Elon rightly consider that the blogger is rather influential and most people would not read further than the headline, because apparently "His post ends up with praise for Tesla and its Model X". )
not sure if you agree?
BR
@GarethWong
Wednesday, 20 January 2016
"Actions must be spoken now" in 2016, More plastic than fish in the sea by 2050, says Ellen MacArthur | Business | The Guardian
More plastic than fish in the sea by 2050, says Ellen MacArthur | Business | The Guardian:
How about keeping it stupid simple..? just like dogs fouling, fine the dog's owners.. but in case of plastic bottles & packaging (as seen in picture in the above article on guardian) fine the brand producers of the bottles/packaging locally?
this might encourage smaller local brands (new or old) to create a virtuous circle (& minimise wastage) to service needs of consumption but balancing needs of environment.
good report to raise the issue but sadly no government would have enough power or dare to pass such law. "Actions must be spoken now" (no time for writing another report!) . (trying to do word play on "action speaks louder than words").
Download Ellen MacArthur's New Plastic Economy report here.
What do you think?
PS: don't forget, we won't have coral probably by 2050! (Coral Reefs May Be Gone By 2050: Study www.huffingtonpost.com/2011/02/25/coral-reefs-may-be-gone-b_n_827709.html )
@GarethWong
How about keeping it stupid simple..? just like dogs fouling, fine the dog's owners.. but in case of plastic bottles & packaging (as seen in picture in the above article on guardian) fine the brand producers of the bottles/packaging locally?
this might encourage smaller local brands (new or old) to create a virtuous circle (& minimise wastage) to service needs of consumption but balancing needs of environment.
good report to raise the issue but sadly no government would have enough power or dare to pass such law. "Actions must be spoken now" (no time for writing another report!) . (trying to do word play on "action speaks louder than words").
Download Ellen MacArthur's New Plastic Economy report here.
What do you think?
PS: don't forget, we won't have coral probably by 2050! (Coral Reefs May Be Gone By 2050: Study www.huffingtonpost.com/2011/02/25/coral-reefs-may-be-gone-b_n_827709.html )
@GarethWong
Tuesday, 22 December 2015
My short comments, lets not be juvenile & be responsible Adults!? Amazon’s Bezos taunts Musk over SpaceX Falcon 9 rocket landing
Amazon’s Bezos taunts Musk over SpaceX Falcon 9 rocket landing:
Congrat to both, lets not be juvenile. both have done well! but to what end? go die on Mars? Why spend so much on the noah' ark to the pink desert, and try to save our own green but greying planet??
wonder for the millions & billions spent, when will Jeff & Elon & the rest of the paypal mafia to join forces to really FIX something and make money at the same time?
One can only hope for the new year of 2016? we should all challenge the likes of Jeff & Elon...
wonder for the millions & billions spent, when will Jeff & Elon & the rest of the paypal mafia to join forces to really FIX something and make money at the same time?
One can only hope for the new year of 2016? we should all challenge the likes of Jeff & Elon...
as Nobel Laureate Angus Deaton: «Development aid is cynical» – Swiss Television SRF
pointed out the problems of Gates foundation but without highlighting likely solutions..
We need to challenge the top guys to work on a solution together.. maybe to adopt #FixTheWorld narrative in 2016!? instead of non-directional #ChangeTheWorld ??
thoughts?
@GarethWong
thoughts?
@GarethWong
Monday, 16 November 2015
Vive la France! Can we do something to help #FixTheWorld ?
Can't say better than
Vive la France!:
For sure. Our prayers are with all of our family & friends in Paris. As my sister-in-law says it best (in French), I'm paraphrasing here: "We must live normally & not live in fear." Vive La France indeed!
Be Strong and hopefully by 2016, we can all spare 10-20% of our spare time (lets ditch the trash TV) to help figure out ways to help #FixTheWorld, our present 21st century easy narrative of only "changing the world" & help the disadvantaged is sadly NOT working (very fine line between haves & have nots).
WE together must create some grass root activities to form some kind of 'Good-had' (reach those lost youths before they get brainwashed).
ISIS is winning with their Jihad "Engagement4destruction+hate", we must counter that somehow & create an Engagement4Good movement, what I called "Good R US" or "Be Champion". (for my CXO leaders/ family foundation friends who can make this a reality, please give me a shout!)
As it may only take the potentially lost people to challenge themselves physically (in martial art like Tai-chi or Parkour),or read a book like Dale Carnegie's "How to win friends... " or read/listen:
1.) @BBCNews Can psychology help solve long-running conflicts? http://www.bbc.co.uk/news/world-34670525 or BBC podcast: Analysis, Will They Always Hate Us? http://bbc.in/1WHd0VD
2.) RT @GarethWong #MustRead Need2FindSolution @danroth .@CassSunstein updates his famous essay on #RootsOfTerrorism: #WhyTheyHateUs. https://www.linkedin.com/pulse/why-hate-us-cass-sunstein
Be strong, but hope people will be inspired to take appropriate actions if only initially to find out/investigate what are our world's "Wicked problems" and devise likely solutions that we all can collaborate on.
Hopefully we can together prevent further atrocities & massacres by building a stronger cohesive positive community worldwide.
Vive la France!
Vive la France!:
For sure. Our prayers are with all of our family & friends in Paris. As my sister-in-law says it best (in French), I'm paraphrasing here: "We must live normally & not live in fear." Vive La France indeed!
Be Strong and hopefully by 2016, we can all spare 10-20% of our spare time (lets ditch the trash TV) to help figure out ways to help #FixTheWorld, our present 21st century easy narrative of only "changing the world" & help the disadvantaged is sadly NOT working (very fine line between haves & have nots).
WE together must create some grass root activities to form some kind of 'Good-had' (reach those lost youths before they get brainwashed).
ISIS is winning with their Jihad "Engagement4destruction+hate", we must counter that somehow & create an Engagement4Good movement, what I called "Good R US" or "Be Champion". (for my CXO leaders/ family foundation friends who can make this a reality, please give me a shout!)
As it may only take the potentially lost people to challenge themselves physically (in martial art like Tai-chi or Parkour),or read a book like Dale Carnegie's "How to win friends... " or read/listen:
1.) @BBCNews Can psychology help solve long-running conflicts? http://www.bbc.co.uk/news/world-34670525 or BBC podcast: Analysis, Will They Always Hate Us? http://bbc.in/1WHd0VD
2.) RT @GarethWong #MustRead Need2FindSolution @danroth .@CassSunstein updates his famous essay on #RootsOfTerrorism: #WhyTheyHateUs. https://www.linkedin.com/pulse/why-hate-us-cass-sunstein
Be strong, but hope people will be inspired to take appropriate actions if only initially to find out/investigate what are our world's "Wicked problems" and devise likely solutions that we all can collaborate on.
Hopefully we can together prevent further atrocities & massacres by building a stronger cohesive positive community worldwide.
Sunday, 1 November 2015
My comments on great LinkedIn post by Fred Destin on "How we can thrive in a world of Chaos", re possible "Flow Addiction", & success due to Seemingly Unachievable Mission
#MustRead Linkedin post by Fred Destin: How we can thrive in a world of Chaos:
(Great talk/video below, but parental advisory re some language used.)
Fred Destin – You need to embrace chaos to succeed from MindTheProduct on Vimeo.
Well said Fred Destin @fdestin
great thought leaders mentioned, also elaborated by authors like Steve Kotler on his book called Superhuman etc. curious though that no one talk about the likelihood of and danger of 'addiction' to the adrenalin and Flow state, as Csikszentmihalyi (in Boniwell, 2008: 28) was aware of the dangers of flow and wrote 'enjoyable activities that produce flow have a potentially negative effect: while they are capable of improving the quality of existence by creating order in the mind, they can become addictive, at which point the self becomes captive of a certain kind of order, and is then unwilling to cope with the ambiguities of life.'
Parental advise for some language, a good podcast with Steven Kotler on addictiveness of flow state:
Separately, I was particularly impressed with your last comment about parenting, in order for kids to have/gain Grit & determinations, it means parents must have courage to empower them to challenge themselves & their children.. sadly most parents are too protective or prefer to take easier paths (why force the kids!?)... as Parents, do you dare to ban/limit your kids from Technology? Steve did! (Steve Jobs Was a Low-Tech Parent on NYTimes )
Pre-requisite is that parents & kids themselves have to DECIDE they wanted to gain (& willing to work for) grit though, everyone must #SelfChallenge : (see video: Angela Duckworth | What Is Grit and How Can You Learn It? )
IMHO, I would like to argue that same analogy should also be extended to how entrepreneurs create and setup firms, in my proposed theory of @CorpParent (www.CorporateParenthood.org keen to have yours and others' feedback ) most firms would take 8 to 10years to become an independent, value adding and hopefully profitable firm, but sadly most do not survive past 18years of age.
Good firms need great entrepreneurs to create the right culture/goals/missions for not only the founders but also the followers, look at Steve, Tony & Jeff etc.
In our age of endemic short-term-ism, thinking along the line of parenthood might just be a better way of re-defining CSR/ESGs going forward, as we are faced with daily challenges as parents and as business leaders.
Greatest firms of our time however cannot be formed only by 'Clear, ambitious but attainable goals' only though, as goal of creating iPad as Steve perceived even before 80s.. (see The “Lost” Steve Jobs Speech from 1983; Foreshadowing Wifi, the iPad, & the App Store @marcelbrown )
I would argue that his vision back then was akin to the Seemingly Unachievable Mission I described on my first Linkedin post.
Not sure if you and others would also agree.
BR
@GarethWong
(Great talk/video below, but parental advisory re some language used.)
Fred Destin – You need to embrace chaos to succeed from MindTheProduct on Vimeo.
Well said Fred Destin @fdestin
great thought leaders mentioned, also elaborated by authors like Steve Kotler on his book called Superhuman etc. curious though that no one talk about the likelihood of and danger of 'addiction' to the adrenalin and Flow state, as Csikszentmihalyi (in Boniwell, 2008: 28) was aware of the dangers of flow and wrote 'enjoyable activities that produce flow have a potentially negative effect: while they are capable of improving the quality of existence by creating order in the mind, they can become addictive, at which point the self becomes captive of a certain kind of order, and is then unwilling to cope with the ambiguities of life.'
Parental advise for some language, a good podcast with Steven Kotler on addictiveness of flow state:
Separately, I was particularly impressed with your last comment about parenting, in order for kids to have/gain Grit & determinations, it means parents must have courage to empower them to challenge themselves & their children.. sadly most parents are too protective or prefer to take easier paths (why force the kids!?)... as Parents, do you dare to ban/limit your kids from Technology? Steve did! (Steve Jobs Was a Low-Tech Parent on NYTimes )
Pre-requisite is that parents & kids themselves have to DECIDE they wanted to gain (& willing to work for) grit though, everyone must #SelfChallenge : (see video: Angela Duckworth | What Is Grit and How Can You Learn It? )
IMHO, I would like to argue that same analogy should also be extended to how entrepreneurs create and setup firms, in my proposed theory of @CorpParent (www.CorporateParenthood.org keen to have yours and others' feedback ) most firms would take 8 to 10years to become an independent, value adding and hopefully profitable firm, but sadly most do not survive past 18years of age.
Good firms need great entrepreneurs to create the right culture/goals/missions for not only the founders but also the followers, look at Steve, Tony & Jeff etc.
In our age of endemic short-term-ism, thinking along the line of parenthood might just be a better way of re-defining CSR/ESGs going forward, as we are faced with daily challenges as parents and as business leaders.
Greatest firms of our time however cannot be formed only by 'Clear, ambitious but attainable goals' only though, as goal of creating iPad as Steve perceived even before 80s.. (see The “Lost” Steve Jobs Speech from 1983; Foreshadowing Wifi, the iPad, & the App Store @marcelbrown )
I would argue that his vision back then was akin to the Seemingly Unachievable Mission I described on my first Linkedin post.
Not sure if you and others would also agree.
BR
@GarethWong
Thursday, 13 August 2015
My comments for this thought provoking post: Is the New Google More Like Berkshire Hathaway, General Electric or AT&T? - The New York Times
Is the New Google More Like Berkshire Hathaway, General Electric or AT&T? - The New York Times:
Its a thought provoking post, but thats because we might be comparing apple, oranges and other fruits that we do not know name of yet... thought provoking all the same.
Google is profitable (in search), as its the only game in town now that delivers (so far). so, can't blame them for restructuring for the future.. as their future could easily be taken away by something disruptive (e.g. a firm that only takes money when transaction is done, rather than eyeballs/click through).. I certainly hope they can do more to help #FixTheWorld rather than only trying to change it!
Warren's BH is also only game in town (in finance), but its a cash-flow and trust arbitrage, it is not even a conglomerate (as Warren is very hands-off as mentioned), so, it is trading for long term but mostly to prop up the share price of Berkshire Hathaway, as he can shift Cash-flow/Debt/Derivatives instruments to make sure everything goes well.. I'm told that just the news of Warren's investment itself is a market making event.. brilliant position to be in.. that is as long as the ratings and auditing markets continues not to deliver.
Conglomerates like "The old GE" does not exist much now (except family dynasties and family offices) as "church of new finance"
of neo liberal economics meant maximising "Return on Investment"(keeping Debt as high as possible), "Share price" and return for shareholders takes priority over long term future of the company itself, hence the demise of major conglomerates like GEC/Marconi etc. That said, Jack Welch who presided over downsizing GE from hundreds of subsidiaries to 15. Jack might be a millionaire and celebrities now but some argue that he destroyed GE (The Man Who Destroyed GE http://www.businessinsider.com/the-man-who-destroyed-ge-2009-3 ) It took Jeff Immelt years to sort out GE ( https://hbr.org/2015/04/selling-ge-capital-was-both-a-brave-and-a-good-idea )
[Of course thats why the rich are not keen to reinvest due to this Capitalist's dilemma:
which I have a solution of course, do ping me a message if you want to hear more or think you can help].
Sadly not many senior executives are given the long time horizon and ownership that Jeff Immelt afford, therefore, I totally appreciate and respect what Larry & Sergei is doing structure wise.
don't get me started regarding investments in R&D in telecoms.. I will have to do another blog post dedicate to that.
In summary, all these are too intricately linked.. as long as Google/alpahbet is investing for the future and truly do no evil and focus on helping to #FixOurWorld .. the more the merrier, I say!?
Its a thought provoking post, but thats because we might be comparing apple, oranges and other fruits that we do not know name of yet... thought provoking all the same.
Google is profitable (in search), as its the only game in town now that delivers (so far). so, can't blame them for restructuring for the future.. as their future could easily be taken away by something disruptive (e.g. a firm that only takes money when transaction is done, rather than eyeballs/click through).. I certainly hope they can do more to help #FixTheWorld rather than only trying to change it!
Warren's BH is also only game in town (in finance), but its a cash-flow and trust arbitrage, it is not even a conglomerate (as Warren is very hands-off as mentioned), so, it is trading for long term but mostly to prop up the share price of Berkshire Hathaway, as he can shift Cash-flow/Debt/Derivatives instruments to make sure everything goes well.. I'm told that just the news of Warren's investment itself is a market making event.. brilliant position to be in.. that is as long as the ratings and auditing markets continues not to deliver.
Conglomerates like "The old GE" does not exist much now (except family dynasties and family offices) as "church of new finance"
of neo liberal economics meant maximising "Return on Investment"(keeping Debt as high as possible), "Share price" and return for shareholders takes priority over long term future of the company itself, hence the demise of major conglomerates like GEC/Marconi etc. That said, Jack Welch who presided over downsizing GE from hundreds of subsidiaries to 15. Jack might be a millionaire and celebrities now but some argue that he destroyed GE (The Man Who Destroyed GE http://www.businessinsider.com/the-man-who-destroyed-ge-2009-3 ) It took Jeff Immelt years to sort out GE ( https://hbr.org/2015/04/selling-ge-capital-was-both-a-brave-and-a-good-idea )[Of course thats why the rich are not keen to reinvest due to this Capitalist's dilemma:
which I have a solution of course, do ping me a message if you want to hear more or think you can help].Sadly not many senior executives are given the long time horizon and ownership that Jeff Immelt afford, therefore, I totally appreciate and respect what Larry & Sergei is doing structure wise.
don't get me started regarding investments in R&D in telecoms.. I will have to do another blog post dedicate to that.
In summary, all these are too intricately linked.. as long as Google/alpahbet is investing for the future and truly do no evil and focus on helping to #FixOurWorld .. the more the merrier, I say!?
Thursday, 23 July 2015
My comments re people need to be challenged, Lets aim for Trilicon that do good? re Can we build an Alibaba in Europe? | Davor Hebel | LinkedIn
Can we build an Alibaba in Europe? | Davor Hebel | LinkedIn:
Many congratulations Davor Hebel, its been years since we met briefly in 2007, you've achieved much! ;-)
Indeed, the ecosystem in Europe (particularly UK has improved dramatically) given all the great works many others initiatives from privately hosted functions like mine to Brent Hoberman 's Founders Forum etc. We can certainly do more, but maybe not only have initiatives or gatherings, but entrepreneurs and VCs/PEs/Family foundations all should challenge themselves more.
(especially for those exited, I would say a good % of them would become tax exile and given the anonymity afforded, they would only engage within their comfort zone, thus less could be achieved. of course, vice versa, in the valley given the hugely competitive nature, everyone is investing into the limited supply of good companies, & thus we have either group think/lemmings behaviour or "Lets invest in 150firms this year" approach).
IMHO, it might not be Alibaba of Europe that we all are looking for, nor are we looking for the great Unicorns only (think coined by our friend Dan Primack & Erin Griffith)..
In order to learn why Alibaba become successful, I would recommend you & others to watch the eloquent Jack Ma explaining his personal & business ethos (馬雲與青年有約: HKG https://youtu.be/AMzeQgCxQfE Taiwan: https://youtu.be/_dUZzcoCcuk ) you can see that potential reasons for his success so far (its rather philosophical, sounds very normal & poetic in mandarin, not pretentious at all): paraphrasing: 1.) having the right goal/mission, 2.) challenge self 3.) play long term game and do something. Particularly he explains how DataTechnology 利他 (differentiated from IT 利自) becomes key & for people to take full responsibility, transparency & fixing specific social issues of the market (hence unless he can elaborate that in English and audience resonates... Alibaba might not be able to gain similar success in the western world).
It is certainly great to have all these buzz about FinTech, Ed/AdTech and unicorn talks.. but unless we challenge ourselves and aim a lot higher, we would sadly still end up with the so so me-too products/services.. (that might still be unicorn)
Case in point, given the accounting scandal of Toshiba/Tesco, any startup fixing that?
As Jack elude to, future great companies might be coming from firms that truly fix our world's problems ... and maybe those that are not created for valuations and good multiples in exits.. they would probably be forming in intersection of social/behavioural/responsible and business+tech..
Maybe it is time that we aim for having a few Trilicon (trillion dollar cash, not valuation) that fix our worlds' systemic problems/challenges? Your £150m could become the thought leader..! ;-)
Many congratulations Davor Hebel, its been years since we met briefly in 2007, you've achieved much! ;-)
Indeed, the ecosystem in Europe (particularly UK has improved dramatically) given all the great works many others initiatives from privately hosted functions like mine to Brent Hoberman 's Founders Forum etc. We can certainly do more, but maybe not only have initiatives or gatherings, but entrepreneurs and VCs/PEs/Family foundations all should challenge themselves more.
(especially for those exited, I would say a good % of them would become tax exile and given the anonymity afforded, they would only engage within their comfort zone, thus less could be achieved. of course, vice versa, in the valley given the hugely competitive nature, everyone is investing into the limited supply of good companies, & thus we have either group think/lemmings behaviour or "Lets invest in 150firms this year" approach).
IMHO, it might not be Alibaba of Europe that we all are looking for, nor are we looking for the great Unicorns only (think coined by our friend Dan Primack & Erin Griffith)..
In order to learn why Alibaba become successful, I would recommend you & others to watch the eloquent Jack Ma explaining his personal & business ethos (馬雲與青年有約: HKG https://youtu.be/AMzeQgCxQfE Taiwan: https://youtu.be/_dUZzcoCcuk ) you can see that potential reasons for his success so far (its rather philosophical, sounds very normal & poetic in mandarin, not pretentious at all): paraphrasing: 1.) having the right goal/mission, 2.) challenge self 3.) play long term game and do something. Particularly he explains how DataTechnology 利他 (differentiated from IT 利自) becomes key & for people to take full responsibility, transparency & fixing specific social issues of the market (hence unless he can elaborate that in English and audience resonates... Alibaba might not be able to gain similar success in the western world).
It is certainly great to have all these buzz about FinTech, Ed/AdTech and unicorn talks.. but unless we challenge ourselves and aim a lot higher, we would sadly still end up with the so so me-too products/services.. (that might still be unicorn)
Case in point, given the accounting scandal of Toshiba/Tesco, any startup fixing that?
As Jack elude to, future great companies might be coming from firms that truly fix our world's problems ... and maybe those that are not created for valuations and good multiples in exits.. they would probably be forming in intersection of social/behavioural/responsible and business+tech..
Maybe it is time that we aim for having a few Trilicon (trillion dollar cash, not valuation) that fix our worlds' systemic problems/challenges? Your £150m could become the thought leader..! ;-)
Subscribe to:
Posts (Atom)
Posts
