Archive for July 2011
Guy Kawasaki presents The Art of the Start at TiECon 2006
New research from Pew shows that people who use social networking sites are more likely to make connections with others. Do you buy it?
My second story is about love and loss.
I was lucky – I found what I loved to do early in life. Woz and I started Apple in my parents’ garage when I was 20. We worked hard, and in 10 years Apple had grown from just the two of us in a garage into a $2 billion company with over 4,000 employees. We had just released our finest creation – the Macintosh – a year earlier, and I had just turned 30. And then I got fired. How can you get fired from a company you started? Well, as Apple grew we hired someone who I thought was very talented to run the company with me, and for the first year or so things went well. But then our visions of the future began to diverge and eventually we had a falling out. When we did, our board of directors sided with him. So at 30 I was out. And very publicly out. What had been the focus of my entire adult life was gone, and it was devastating.
I really didn’t know what to do for a few months. I felt that I had let the previous generation of entrepreneurs down – that I had dropped the baton as it was being passed to me. I met with David Packard and Bob Noyce and tried to apologize for screwing up so badly. I was a very public failure, and I even thought about running away from the Valley. But something slowly began to dawn on me – I still loved what I did. The turn of events at Apple had not changed that one bit. I had been rejected, but I was still in love. And so I decided to start over.
I didn’t see it then, but it turned out that getting fired from Apple was the best thing that could have ever happened to me. The heaviness of being successful was replaced by the lightness of being a beginner again, less sure about everything. It freed me to enter one of the most creative periods of my life.
Paul Graham, founder of YCombinator, speaks at Startup School 08 about how to create a successful startup.
Doing business in India is tough – it takes almost 2-3 months to really get the ball rolling (right from incorporation to getting business PAN card etc).
MCA (Ministry of Corporate Affairs) has outlined measures to ensure that entrepreneurs can float a company in 24 hours.
..the ministry outlined several measures including online verification and clearance of the name of the company being incorporated, online submissions of statutory forms, and issuing digital certificates of incorporation. “The simplified process of online incorporation of companies is likely to be implemented with effect from 11th August, 2011.
The MCA is putting in place a system that will help companies submit all the required forms online and enable the Registrar of Companies to process the application and issue a digital certificate of incorporation within 24 hours [source]
While this may sound like an utopian thought, Indian government is known to be least friendly to entrepreneurs (as compared to other developing nations). Such measures involve educating different government departments and that’s where such initiatives lose relevance.
Only time will tell how serious the government is in spurring entrepreneurship in India.
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