41 karma · joined March 25, 2012
I am most bothered by the fact that the Apple rep recognized Farsi and inquired further. So is it pure coincidence that the Apple rep knows Farsi or is every Apple retailer trained to recognize Farsi? And even if the Apple rep recognizes Farsi and inquires further, what if the consumer lies and says "no, I'm speaking Hindi", then what? Polygraph test? Bring in an interpreter? Call security to escort them out?
Apple is walking down a very slippery slope here.
As a former litigator turned startup founder, I can attest to the difficulty of assembling the right team with the ideal point man for a trial, and when you do find one you respect, he is worth every penny. David Boies is one such man - nobody has gotten fired for hiring him as the lead trial attorney.
Other "me too" activities: marriage, children, golf, smoking, religion, tantric sex... sometimes it works out, sometimes it doesn't. All a part of life.
1. Before living your dream or doing "something you love", you have to make your survival income: the first $1500 for food, shelter, transportation. So where does this steady $1500 come from, and is working the necessary hours to make $1500 going to leave you with enough time to invest in that "dream"?
2. So before graduation, have you established your fall back $1500 contingency plan? Do you have a skill (vocational or otherwise) that you KNOW will bring you that monthly $1500? Step TWO is where I believe high school counseling has failed America's youth. Everybody should leave high school with a $1500 skill, whether that be bookeeping, welding, sales, waiting tables, cashier, etc. It is imperative that upon graduating high school, you are able to count on having survival wage skills.
3. Does your college major allow you to skip step two because it is in such demand that the employment rate for your industry is healthy? Back in the early 90's, CS graduates were not having an easy time and were considered the bottom of the totem pole among engineering majors (in my school they weren't even considered engineers, but rather a soft science more akin to biology, insultingly enough). Again, this is the fault of high school counselors who fail to make foresight an essential part of the planning process - this whole "major in what you love" crap just leaves graduates with a sense of disappointment when they are unemployable. Always temper "major in what you love" with the caveat "as long as you already have a skill to pay for food/shelter/travel".
4. What's your exit strategy from your survival job? Plan this every day as you're waiting tables (bartending, welding, dancing,...).
4. Knowing that high schools (both public and private) are too highbrow to ever consider vocational training for their top students, it's up to parents to fully prepare their children. When my son is old enough, his summers will be spent honing a vocational skill so that he will have an employable skill that any society will find useful such that if he wishes to travel the world, he can always pick up a local job should the circumstances demand it. Two come to mind: welding (easier and ubiquitously needed) or electrician (harder, but more lucrative).
This long rant is a part of my disatisfaction with the high school paradigm as currently constituted. The current paradigm is a crapshoot that ill prepares students for the rigors and realities of survival in a world that could care less if they were once a valedictorian or All-State track star. I have known many former high school heroes turned zeroes after college, and it's a fall from grace that their parents have never ever prepared them for because in their world, their kids will always be special.
Rovio was in the business for 5 years before Angry Birds, and I doubt they'll have another hit like Angry Birds ever again.
Id fell apart when it couldn't come up with something better than the Doom franchise.
OMGPOP was very smart to sell out to Zynga, because there is no way it would have come up with something even close to Draw Something in another 5 years.
Unlike rock stars and pop singers, creating a string of gaming hits is so much harder because it requires the perfect storm of so many variables each and every time, whereas a single person like Adele, Amy Winehouse, etc. can rely on their genius alone to create a hit.
It is that money sitting in the account that gives Groupon the cash flow it needs to hire more sales people to grow the revenues further, but remember always that a % of that must be returned to the customer at a future date. Where it falls apart is when your new sales can no longer replenish the client account (no it does not sit in a trust or escrow, but in company's general operating account).
So what happens when Groupon declares Bankruptcy? All that money sitting in the account is gone, customers get NOTHING back. Yes, this is indeed a Ponzi scheme because the last customers in get nothing, even though they are owed the %.
It's not just Groupon, this entire business model is unsustainable: asking a retailer to discount his products for a fee in the hopes that he will attract new "local deal" customers willing to pay full retail next time, when the ONLY reason these customers came in the first place was because of the discount.
The fact that Google even offered that much leads me to believe that they have jumped the shark with that offer.
Anybody who knows anything about retail would have studied the business model and realized that this was not sustainable. Obvious red flags: 1. Heavy reliance on field sales (the largest expense), which is NOT scalable 2. Exclusive reliance on repeat sales as the key driver of sustainability: this being the obvious case, did Google not do its due diligence and actually surveyed past Groupon customers? Such a siimple survey would have easily revealed the issues of this "local deals" model. 3. Heavy reliance on "small business" owners as the driver of revenue. This is a sensitive and fickle market, where even slight movements in the general economy will cause huge moves in spending patterns.
These 3 points were readily available to anybody with some insight into this segment; Google with all its money must be surrounded by "yes" men, nothing else could explain it's willingness to part with $6 billion so quickly.
It's all about content, and the content curators and contributors on Instagram are insanely passionate about their "art", and treat it as art with the same sort of engagement you would find among such groups (Burning Man, WoW Clans, etc.). Instagram embodies the Apple culture in that it has created an ecosystem. You don't just download Instagram because it's technically superior to other apps (it's not), but you join Instagram because it's a lifestyle.
Disclaimer: I was greatly addicted to Instagram for about 6 months, then moved on to the next big thing. Nevertheless, I was on it long enough to appreciate why it was so engaging.
The clear inference is that the leadership must be strong and unwavering in the face of shareholder objections that only care about quarterly financials rather than long term vision. Ellison also comes to mind, but he's lost much of his visionary spark. Jobs may be the last unless Page and Zuckerberg truly take on the mantle to pursue fearlessly the vision of an Idea Factory as an end in itself.
1. the ability to broaden your base knowledge: if you love science/tech, then you must also partake in liberal arts, fine arts, poli sci, social sci, economics, etc.
2. the ability to improve your social skills (personal growth) with like-minded peers: high school was a fail for most people in terms of maturity and dating (especially the geek set) and so college is an opportunity to get it right without the stigma; the experience and maturity gained in this key skill include romance/dating/heartbreak/bad-sex, etc.
3. Social Networking (related to 2, but more about your professional objective): most kids today rely too much on internet social networking as the answer and assume that this is the best - wrong - true social networking involves taking the interpersonal initiative to shake hands with those who have the authority, connections and knowledge to help you along in your studies, career, interests, and it's not easy to go up to total strangers whom you admire and say "hi".
These three qualities of college can not be easily replicated outside of a college environment (Number 1 is most easily replicated). However, the assumption is that all colleges possess the above opportunities for you to pursue, and therein lies the problem. How many colleges have the networking leverage that makes it worthwhile to attend that college?
So, at the end of it all, what does it come down to? Prospective Networking. The individual student MUST TAKE FULL ADVANTAGE of the one resource they cannot easily replicate outside of college: networking with the "right" crowd, including your peers (future CEO/visionaries/tech co-founders), professors, researchers, guest speakers, etc.
The problem of course is, outside of the TOP 50 Universities and colleges, what is the value of attending the second tier schools other than sex, booze and cram sessions? Nothing. If you can't get into a Top 50 schools, I believe that the value proposition does not merit the tuition paid for the other schools out there.